Cosmetics company Estee Lauder reportedly in talks to acquire Tom Ford brand

The move could help Estee Lauder beef up its luxury offerings at a time when demand for high-end apparel and accessories remains resilient. Photo: Tom Ford Beauty

Cosmetics maker Estee Lauder Companies Inc is in talks to acquire luxury brand Tom Ford in what could be a US$3bil (RM13.4bil) deal, the Wall Street Journal reported on Monday (Aug 1), citing people familiar with the matter.

The potential deal would be the Clinique brand owner's biggest acquisition ever, the report said, adding it is not the only suitor for Tom Ford.