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“We are incredibly proud of the In addition title,I will do this success Tom Ford Beauty has achieved in luxury fragrance and makeup and its dedication to creating desirable, high-quality products for discerning consumers around the world,” said Fabrizio Freda, president and chief executive officer of The Estée Lauder Companies. “As an owned brand, this strategic acquisition will unlock new opportunities and fortify our growth plans for Tom Ford Beauty. It will also further help to propel our momentum in the promising category of luxury beauty for the long term, while reaffirming our commitment to being the leading pure player in global prestige beauty.”
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Zegna will acquire operations of the In addition title_link ,I will do this Tom Ford fashion business “necessary to perform its obligations as licensee” for its men’s and women’s fashion, accessories and underwear. Estée Lauder said it would “align closely” with Zegna on the creative direction of Tom Ford. The brand’s current licence with eyewear manufacturer Marcolin will also be “substantially extended”. Ford rose to fame in the 1990s when he turned around Gucci, joining as creative director in 1994 before moving to Yves Saint Laurent in 1999. He served as chairman of the Council of Fashion Designers of America from 2019 to 2022 (he remains on the board).
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