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The Estée Lauder Companies Confirms Earlier Report Co To Acquire The TOM FORD Brand For $2.8B

Benzinga · 11/15/2022 16:48

The deal values the total enterprise at $2.8 billion. The amount to be paid by ELC for the acquisition is approximately $2.3 billion, net of a $250 million payment to ELC at closing from Marcolin S.p.A. ("Marcolin"). ELC expects to fund this transaction through a combination of cash, debt and $300 million in deferred payments to the sellers that become due beginning in July 2025.