Tom Ford explores potential sale with Goldman Sachs
Tom Ford is reportedly working with investment bank Goldman Sachs on a potential sale, according to Bloomberg.
The news agency has said that a deal could value the company at several billion dollars and may give any new owner of the brand the right to work with its founder after the sale.
Tom Ford could still opt to remain independent and a decision has not yet been made, reports said.
Tom Ford is a luxury fashion house founded in 2005 by former Creative Director of Gucci, Tom Ford. Shortly after its launch, the brand announced its partnership with Marcolin Group to produce and distribute optical frames and sunglasses. The brand also formed an alliance with Estee Lauder Companies to create the Tom Ford Beauty brand.
The brand's product line features ready-to-wear clothing, as well as footwear, accessories, handbags, cosmetics and fragrances. The creation of the brand is detailed in the 2021 monograph Tom Ford 002, co-authored by Ford and fashion journalist Bridget Foley.
TheIndustry.fashion has reached out to Tom Ford for a comment.
