The estÉe lauder companies completes acquisition of the tom ford brand

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) (“elc”) announced today that it has completed its acquisition of the tom ford brand and is now the sole owner of the tom ford brand and all its intellectual property. elc's stewardship and its licenses with ermenegildo zegna n.v. (nyse: zgn) (“zegna group”) and marcolin group provide continuity and allow for the further evolution of the tom ford brand as one of the preeminent global luxury brands of the twenty-first century.
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