United States: In April 2023, The Estée Lauder Companies Inc. announced that it had completed its acquisition of the TOM FORD brand and is now the sole owner of the brand along with all of its intellectual property. The transaction values the business as a whole at USD2.8 billion. ELC made its final payment of almost USD2.25 billion. This sum was financed by cash, proceeds from the issuance of commercial paper, USD250 million from Marcolin, and other sources. Beginning in July 2025, ELC's deferred payments to the sellers amounting to an additional USD300 million become due. The remainder of the total enterprise valuation is reflected in the acquisition of TOM FORD FASHION by Zegna Group.

The stewardship of ELC and its licenses with Marcolin Group and Ermenegildo Zegna N.V. (NYSE: ZGN) ("Zegna Group") allow the TOM FORD brand to continue to develop as one of the leading international luxury brands of the twenty-first century. The advantages of the ELC include safeguarding the fast-rising TOM FORD BEAUTY brand's long-term cash flow beyond the current license's expiration in 2030, ceasing to pay royalty fees on beauty products upon closing, as well as new licensing revenue streams and other anticipated synergies. These synergies include rising internet penetration, improved speed and agility, and creative oversight. Under the agreement, Tom Ford, the founder, and CEO of Tom Ford International, will continue to lead the brand's creative vision. The chairman of Tom Ford International, Domenico De Sole, will continue in his role as a consultant until that time.