Ermenegildo Zegna Acquires Tom Ford International; Estée Lauder Secures TOM FORD Brand

Ermenegildo Zegna N.V. acquired the remaining 85% equity interest in Tom Ford International LLC (TFI) — a stake valued at $150 million on a cash-free, debt-free basis — and will operate the TOM FORD fashion business under a long-term license from The Estée Lauder Companies. In the same transaction The Estée Lauder Companies became the sole owner of the TOM FORD brand and associated intellectual property; Zegna will run end-to-end TOM FORD FASHION (design, production, retail and wholesale) under a 20-year licensing agreement.