The beauty behemoth already owns (and helped start) Tom Ford Beauty.
in 2010. With this latest acquisition, it will gain control of the brand's apparel business as well, a first for the cosmetics company.
reported that Tom Ford, the brand, had brought on Goldman Sachs to advise on a potential sale that could value it at "several billion dollars," and that would potentially "include an option that would give any new owner of Tom Ford the right to work with its founder after the sale."
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