Why Estée Lauder Bought Tom Ford

Bain Sees Slower Luxury Growth, The Rise of Resale

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, NOVEMBER 16, 2022 Estée Lauder will acquire Tom Ford in a $2.8 billion deal, the beauty conglomerate's biggest-ever acquisition. Download BoF Insights' latest report, developed in partnership with eBay, on The Rise of Resale: Luxury as Currency Luxury sales are expected to rise at a fraction of this year's rate in 2023, Bain said, forecasting growth between 3 and 8 percent.

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BEAUTY Why Estée Lauder Bought Tom Ford By Rachel Strugatz and Lauren Sherman

The designer's makeup and fragrance line brought glamour, sex appeal – and sales – to the cosmetics giant. Keeping the magic in house was worth nearly $3 billion. READ MORE

LUXURY BoF Insights | The Rise of Resale: Luxury as Currency By BoF Insights

Many shoppers regard their luxury accessory purchases as assets that could appreciate in value, opening new opportunities for the luxury resale market and emphasising the importance of authentication, according to new research from BoF Insights, conducted in partnership with eBay. READ MORE

LUXURY Luxury's Growth Expected to Slow Dramatically Next Year, Bain Says By Tamison O'Connor

After sales of personal luxury goods are set to surge 22 percent this year, the consultancy forecasts growth will slow to 3 to 8 percent in 2023. READ MORE

Louis Vuitton's Paris HQ Could Become LVMH's Next Hotel-Megastore Complex READ MORE

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