Estée Lauder Cos. remains to be within the operating to accumulate vogue home Tom Ford, in keeping with studies. Kering, which already owns Gucci, is alleged to be in superior talks for Ford, If ELC had been to drive away with Ford, it could mark the sweetness large’s entry into vogue. Earlier this 12 months rumors swirled that ELC was within the vogue home.Lauder can be a newcomer to high fashion, however the firm has had a licensing cope with Ford for years. In reality, earlier this week, ELC famous that Tom Ford Beauty Q1 perfume web gross sales grew by robust double digits, pushed by launches corresponding to Noir Extreme Parfum and Ébène Fumé. On the draw back, TFB’s make-up gross sales had been harm by a decline in retail site visitors and covid-19 associated journey restrictions.On the flip aspect, if Kering is profitable, it could mark the corporate’s entry into magnificence. In a name with analysts to debate first half outcomes, Group Managing Director Jean-François Palus noticed, “Beauty is unquestionably an space the place we might ponder some initiatives sooner or later and all choices are open.”Sales of status perfume have surged post-pandemic.
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