Gucci owner Kering is in advanced discussions to buy fashion brand Tom Ford, according to people familiar with the matter. The French luxury giant has been competing for closely held Tom Ford with rivals including Estée Lauder.
French luxury giant Kering SA is in advanced discussions to buy fashion brand Tom Ford, according to people familiar with the matter.
Kering has been competing for closely held Tom Ford with rivals including Estée Lauder Cos., but the French company appears to be the front-runner now and a deal could be reached soon, according to the people.
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