Tom Ford just sold his fashion brand to Estée Lauder. That likely makes him a billionaire.
Tom Ford has a net worth of $2 billion as of 2023, thanks to the sale of his fashion brand to Estée Lauder in late 2022 which brought his net worth from around $500 million to $2 billion.
TOM FORD has 909 employees, and the revenue per employee ratio is $719,471. TOM FORD peak revenue was $654.0M in 2022.
The deal values the total enterprise at $2.8 billion. Estée Lauder Companies will pay approximately $2.3 billion now, net of a $250 million payment to ELC at closing from Tom Ford eyewear licensee Marcolin.
Tom Ford's collections for Gucci are the stuff of fashion legend. As creative director of the house from 1994 until 2004, he championed all-out sexiness, putting risqué silhouettes and suggestive fabrics centre stage.
Gucci is owned by the French holding company Kering, which purchased an $8.8 billion stake in the iconic Italian fashion brand in 2004. Artémis, the investment firm of the Pinault family led by François Pinault, is Kering's leading shareholder and holds a majority share in the company through its parent organization.
2004, The Gucci Group announced the three designers to lead the creative team for Gucci after Tom Ford's departure. Alessandra Facchinetti, design director for four years, took full responsibility of Gucci's womenswear division, John Ray took over menswear and Frida Giannini became creative director of accessories.
Each Tom Ford Products Is Crafted By Expert Artisans
As with many other luxury labels, such as Dolce & Gabbana and Versace, Tom Ford is mostly made in Italy by trained artisans. The "Made in Italy" mark is favored by luxury fashion labels because it is associated with superior quality, resources, and craftsmanship.
Estée Lauder is acquiring Tom Ford in a $2.8 billion deal that will also see Zegna produce the brand's fashion and accessories. Tom Ford Beauty is a major source of revenue for Lauder, providing sex appeal and luxury its other brands sometimes lack.
After months of speculation, Estée Lauder plans to be the new owner of Tom Ford, bringing its successful beauty licence in-house.
No. 115: Ford family, Dearborn, $2 billion — Henry Ford's last surviving grandchild, William Clay Ford Sr., died this year. His great-grandson William Clay Ford Jr. is the executive chairman of Ford Motor Co.
At 88 years of age, king of Italian couture Giorgio Armani is the world's richest fashion designer with a net worth of $11.5 billion, according to the Forbes 2023 World Billionaires List.
Due to this sale, the Ford family is now worth an estimated $1billion, according to Yahoo!. After Williams died in 2014, the team was given to his wife, Martha Firestone Ford, and then passed on to Shiela following her passing in 2020.
At one point, Ford was the largest individual shareholder of Gucci stock and options. By 1999, the house, which had been almost insolvent when Ford joined, was valued at more than $4 billion. When Gucci acquired the house of Yves Saint Laurent (YSL) in 1999, Ford was named Creative Director of that label as well.
Anthony Rodriguez - Chief Executive Officer - TOM FORD | LinkedIn.
Ford Motor Company is not owned by another corporation; instead, it is only owned by shareholders. Since the shareholders are collectively the owners of the company, those with more shares technically own more of Ford Motor Co. Ever Wonder: Is the 2020 Ford Mustang all-wheel drive?
But Ford left Gucci soon after Pinault completed his takeover in April 2004, reportedly due to disagreements over control of the company. In March 2005, Ford struck out on his own and established his own brand, with De Sole joining as the new company's chairman.
Mr. Buckley was a well known fashion journalist who, despite being married to Tom Ford, largely avoided being the story.
tomford.com Audience Demographics
tomford.com's audience is 50.07% male and 49.93% female. The largest age group of visitors are 25 - 34 year olds (Desktop).
Tom Ford SA (stylized as TOM FORD) is a luxury fashion house founded by designer Tom Ford in 2005. Its product line features ready-to-wear and made-to-measure offerings, as well as footwear, accessories, and handbags.
On average, Tom Ford Eau de Parfums may last up to six hours, whereas the Parfums can last six to ten hours, depending on your skin and the temperature. The amber woody fragrances, will last longer than a citrus fresh fragrance like Eau de Soliel Blanc and Neroli Portifino Eau de Toilette.
While some designer brands may have the upper-tier selection, like Tom Ford's Private Blend, they are still considered a designer house.
“Oscar-nominated actor, director, and producer Elliot Page stars alongside A$AP Rocky and Julia Garner in the new Gucci Guilty campaign.
He is a man of elegance, refinement, adventure and timeless class. Ford believes that classic simplicity always works and has been proven by the sales of his collections.
A celebrated name in the fashion industry today, Ford actually began his illustrious career at Gucci. And while the film didn't heavily feature him, in real life, the fashion brand has him to thank for saving them from bankruptcy in the '90s and transforming Gucci into the tour de force brand it is today.