Estee Lauder Cos., Inc. - Ordinary Shares - Class A

NYSE:EL   4:00:00 PM EDT
239.01
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7:46:22 PM EDT: $238.65 -0.36 (-0.15%)
Products, Expansion, Mergers / Acquisitions

The Estée Lauder Companies To Acquire The Tom Ford Brand

Published: 11/15/2022 22:00 GMT
Estee Lauder Cos., Inc. - Ordinary Shares - Class A (EL) - 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 Spa.
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 Nvestee 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).