As previously reported by Global Cosmetic Industry, should Estée Lauder win the bid, the deal would be about three times what the company paid for Deciem.
Estée Lauder is still among the companies that are seeking to purchase the Tom Ford brand, with Kering (owner of Gucci) said to be the front runner for the deal, according to Reuters.
Kering shares were up 2.4% after the report.
Reuters reports that the potential bid for Tom Ford would be $3 billion.
As previously reported by Global Cosmetic Industry, should Estée Lauder win the bid, the deal would be about three times what the company paid for Deciem.
In September, Estee Lauder announced it would launch Balmain Beauty in 2024.
