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Estée Lauder to buy Tom Ford in $2.8 billion deal

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News business : Estée Lauder Companies Inc announced on Tuesday it will buy Tom Ford for $2.8 billion, beating out French luxury conglomerate Kering who was also rumoured to be in the running to acquire the U.S. fashion label.  (#1459128)

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Inside Estée Lauder's US$2.8 billion acquisition of Tom Ford: the beauty giant's biggest-ever deal would be a historic moment for the former Gucci and YSL designer, joining MAC and Clinique