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BRIEF-The Estée Lauder Companies To Acquire The Tom Ford Brand

Reuters · 11/15/2022 16:54
BRIEF-The Estée Lauder Companies To Acquire The Tom Ford Brand

- Estee Lauder Companies Inc EL.N:

  • THE ESTÉE LAUDER COMPANIES TO ACQUIRE THE TOM FORD BRAND

  • ESTEE LAUDER COMPANIES INC - TRANSACTION VALUES TOM FORD AT $2.8 BILLION

  • ESTEE LAUDER COMPANIES INC - ERMENEGILDO ZEGNA GROUP AND MARCOLIN S.P.A. ENTER LONG-TERM LICENSE AGREEMENTS FOR TOM FORD FASHION AND TOM FORD EYEWEAR, RESPECTIVELY

  • ESTEE LAUDER COMPANIES INC- DEAL WILL EXTEND AND EXPAND TOM FORD BRAND'S LONGSTANDING RELATIONSHIP WITH ERMENEGILDO ZEGNA N.V.

  • ESTEE LAUDER COMPANIES INC - AMOUNT TO BE PAID BY ELC FOR ACQUISITION IS APPROXIMATELY $2.3 BILLION

  • ESTEE LAUDER COMPANIES INC- AS PART OF THIS TRANSACTION, ZEGNA WILL ACQUIRE OPERATIONS OF TOM FORD FASHION BUSINESS NECESSARY TO PERFORM ITS OBLIGATIONS AS LICENSEE

  • ESTEE LAUDER - ELC EXPECTS TO FUND DEAL THROUGH A COMBINATION OF CASH, DEBT AND $300 MILLION IN DEFERRED PAYMENTS TO SELLERS THAT BECOME DUE BEGINNING IN JULY 2025.

  • ESTEE LAUDER-TOM FORD, FOUNDER & CEO OF TOM FORD INTERNATIONAL, WILL CONTINUE TO SERVE AS BRAND’S CREATIVE VISIONARY AFTER CLOSING & THROUGH END OF 2023

  • ESTEE LAUDER COMPANIES INC - FOR FISCAL 2024, TRANSACTION IS ANTICIPATED TO BE ROUGHLY NEUTRAL TO ADJUSTED DILUTED EPS

  • ESTEE LAUDER - FOR FISCAL 2024, TRANSACTION IS ANTICIPATED TO BE ROUGHLY NEUTRAL TO ADJUSTED DILUTED EPS

  • ESTEE LAUDER COMPANIES INC- ELC EXPECTS TRANSACTION TO BE DILUTIVE TO ADJUSTED DILUTED EARNINGS PER SHARE IN FISCAL 2023 BY ($0.05) TO ($0.15)

  • ESTEE LAUDER - AS PART OF TRANSACTION, ZEGNA WILL ACQUIRE OPERATIONS OF TOM FORD FASHION BUSINESS NECESSARY TO PERFORM ITS OBLIGATIONS AS LICENSEE

  • ESTEE LAUDER - ELC AND ZEGNA WILL ALIGN CLOSELY ON CREATIVE DIRECTION TO CONTINUE BUILDING ON LUXURY POSITIONING OF THE TOM FORD BRAND

  • ESTEE LAUDER COMPANIES INC- DEAL TO EXPAND TOM FORD BRAND'S RELATIONSHIP WITH ZEGNA TO INCLUDE LONG-TERM LICENSE FOR ALL MEN'S AND WOMEN'S FASHION

  • ESTEE LAUDER COMPANIES INC - DOMENICO DE SOLE, CHAIRMAN OF TOM FORD INTERNATIONAL, WILL STAY ON AS A CONSULTANT THROUGH END OF 2023

Source text for Eikon: ID:

Further company coverage: EL.N


((Reuters.Briefs@thomsonreuters.com;))