Estee Lauder acquires Tom Ford for $2.8 billion Wednesday, November 16 by ABC News(NEW YORK) -- Estée Lauder is acquiring Tom Ford for $2.8 billion, the venerable beauty brand announced Tuesday.Through the new deal, the beauty conglomerate plans to add the designer label's fragrances, cosmetics, skin care and apparel to its large portfolio of brands.While the acquisition... Read More.