#Estée Lauder acquiring fashion label Tom Ford for .8B

#Estée Lauder acquiring fashion label Tom Ford for $2.8B

“Estée Lauder acquiring fashion label Tom Ford for $2.8B” Estée Lauder said Tuesday it clinched a deal to buy fashion label Tom Ford for $2.8 billion in what would be its biggest acquisition. The deal will help Estée beef up its luxury offerings at a time when demand for high-end apparel and accessories remains resilient despite record inflation in…

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#Estee Lauder’s John Demsey suspended over Instagram post

#Estee Lauder’s John Demsey suspended over Instagram post

“#Estee Lauder’s John Demsey suspended over Instagram post” A top executive at cosmetics giant Estee Lauder has been suspended by the company over a post on his Instagram account that included mention of the N-word. John Demsey, the executive group president who is responsible for brand names in the company’s portfolio including MAC and Clinique,…

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