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Report: Tom Ford Hires Goldman Sachs to Explore Potential Sale

A deal could value the company at several billion dollars, sources told Bloomberg.
Tom Ford store.
Tom Ford has hired Goldman Sachs to explore a potential sale, sources told Bloomberg. (Shutterstock)

Tom Ford, the luxury brand founded by the former longtime creative director for Gucci, is exploring a potential sale, according to people with knowledge of the matter.

Tom Ford is working with investment bank Goldman Sachs Group Inc on the effort, said the people, who asked to not be identified because the matter isn’t public.

A deal could value the company at several billion dollars and may include an option that would give any new owner of Tom Ford the right to work with its founder after the sale, one of the people said.

No final decision has been made and Tom Ford could still opt to remain independent.

A representative for Tom Ford couldn’t immediately be reached for comment. A spokesperson for Goldman declined to comment.

Ford, an Austin, Texas native started his namesake company in 2005, a year after leaving Gucci, which he revitalized during a decade-long stint as creative director.

Tom Ford started as a apparel brand focused on luxury menswear. All its suits were licensed to and produced by recently public Ermenegildo Zegna Holditalia SpA until the Fall and Winter 2022 collection, when the exclusive rights expire, Zegna’s annual report showed. Zegna will continue to produce some Tom Ford products starting next season.

Tom Ford sells eye-wear produced and distributed by Marcolin SpA, as well as beauty and fragrance licensed to Estee Lauder Cos. The brand’s offerings also include accessories such as watches and small leather goods.

Domenico De Sole, the former president and chief executive officer of Gucci, was an early partner to Ford and serves as chairman of the company.

Ford debuted as a filmmaker in 2009 with the movie “A Single Man” starring Colin Firth and Julianne Moore.

By Ed Hammond, Ruth David and Crystal Tse

Learn more:

Tom Ford: ‘I Believe in Fashion, Absolutely’

Tim Blanks sits down with the American designer to discuss cancel culture, turning 60, mortality and the future of the Tom Ford brand, courtesy of ES Magazine.

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