The Estée Lauder Companies to Acquire the TOM FORD Brand

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

April 28, 2023

Retail

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.

The Estée Lauder Companies to Acquire Remaining Stake in Forest Essentials

March 5, 2026

Consumer Products

The Estée Lauder Companies entered into an agreement, subject to regulatory approvals, to acquire the remaining interests in Indian luxury beauty brand Forest Essentials. The transaction—expected to close in the second half of 2026—follows Estée Lauder’s earlier minority investment (2008) and increased ownership to 49% (2020), moving to full ownership of the brand.

e.l.f. Beauty to Acquire Naturium for $355 Million

August 29, 2023

Consumer Products

e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing high-performance skin care brand, for approximately $355 million in a combination of cash and stock. The transaction is expected to close around September 30, 2023, subject to customary closing conditions.

FullBeauty Brands Acquires ELOQUII from Walmart

April 23, 2023

E-Commerce

FullBeauty Brands has agreed to acquire plus-size fashion brand ELOQUII Inc. from Walmart; terms were not disclosed. The deal will position ELOQUII as the anchor tenant in FullBeauty's new digital mall and help FullBeauty expand its presence in the fast-growing U.S. women's plus-size apparel market.

L'Occitane Group Acquires ELEMIS for $900 Million

January 13, 2019

Consumer Products

L'Occitane International S.A. agreed to acquire British luxury skincare brand ELEMIS from Steiner Leisure Limited (a portfolio company of L Catterton) for $900 million in cash. The acquisition expands L'OCCITANE's premium beauty portfolio and is expected to accelerate ELEMIS' global growth across digital, retail, spa and other channels.

Consortium of Private Investors Acquires Eton from EQT

June 27, 2025

Consumer Products

Eton, the Swedish luxury menswear brand headquartered in Gånghester, has been sold by EQT VII to a consortium of private long-term investors led by Mikael Schiller, Caspar Callerström and Thomas von Koch. The new owners, selected by Eton's lenders with support from EQT, will back management to continue expanding the brand's omnichannel presence, digital capabilities and international growth.