Estee Lauder buys Tom Ford fashion house for $2.8 billion
American cosmetics maker Estee Lauder is set to buy fashion designer Tom Ford for $2.8 billion. Estée Lauder expects to fund the transaction with cash and loans, with $300 million in deferred installments for the sellers due in July 2025. The transaction is expected to be completed during the first half of last year. According…