Estee Lauder to Acquire Fashion Brand Tom Ford for $2.8 Billion

 


Original Content- Business Upside 

Estee Lauder, the luxury cosmetics firm, will acquire the designer fashion brand Tom Ford for $2.8 billion, making it the biggest-ever acquisition. The company announced the deal on Tuesday.

Details of the Deal

Marcolin S.p.A, the Italian eyewear manufacturer, and Ermenegildo Zegna Group are about to enter license agreements for the fashion house and its eyewear section, respectively, on a long-term basis. Marcolin S.p.A will pay $250 billion for the deal, and the beauty company will likely pay $2.3 billion. The purchase is yet to get regulatory approvals which may take it to the first half of 2023.

Read More 

Comments

Post a Comment

Popular posts from this blog

Image
  Ashwagandha Powder for Beauty Power   Ashwagandha supplements  majorly benefit us in our everyday lives. However, among all the work pressure, and in the middle of striking a balance of semblance between our body and mind, do we think about Beauty enhancement enough? This article will tell you about how  Ashwagandha  oil or  Ashwagandha powder  can give you parlour-like benefits on a minimal budget.    How Does Ashwagandha Benefit the Hair?    As you all are aware,  Ashwagandha  is famously known for possessing very powerful antioxidant and anti-inflammatory elements. These are two elements that actively help in keeping your scalp healthy. As per sources,  Ashwagandha powder  essentially supplies flavonoids. These flavonoids generally possess:   ·          Fatty acids ·          Potassium ·          Glucose ·          Tannins ·          Nitrate   Tyrosine is an amino acid that resides in  Ashwagandha and catalyzes the production of melanin. It is also widely
Read more

Exploring the CityTime Login System and More

Source - Business Upside In an era of widespread digital change, urban centers are embracing cutting-edge technologies to enhance public services and speed up administrative processes. One such technology advancement is the CityTime login system, a digital gateway that is revolutionizing the way cities manage employee attendance, payroll, and timekeeping. The significance, traits, benefits, and potential pitfalls of the CityTime login NYC system are examined in this article, which emphasizes how it has revolutionized urban planning. The Importance of the CityTime Login Process Large cities have continuously needed assistance with payroll collection, monitoring employee attendance, and keeping track of work hours. There was a great deal of time-consuming paperwork, manual math, and potential errors. The City Time login system changed the game by offering a comprehensive, automated solution. Read More 
Read more

Do You Need to Go out and Touch Grass in the Park?

Source - Business Upside Have you recently heard someone ask you to go touch some grass? You might do the same if you are unaware of the new term that has been making the rounds online. However, in this context, the phrase "Touch grass" does not indicate to go outside the park and feel the grass. Instead, it's a phrase that implies "get off the internet and go outside" or "you must return to reality." Let's explore this topic in greater detail in this article To "go touch grass" is a phrase that has gained a lot of popularity on the internet.  Read More
Read more