Why does tom ford want to sell his personal brand?

Why does tom ford want to sell his personal brand?

This merger and acquisition is expected to value the Tom Ford brand in the billions of dollars, but no clear numbers have been given.

Why does tom ford want to sell his personal brand?

The Tom Ford brand produces men’s and women’s fashion and leather accessories. Accessories (sunglasses and watches) and cosmetics are all licensed by Mr. It is estimated that the Tom Ford brand will reach a billion dollars if sold

Tom Ford is preparing to “sell himself”. Exactly the designer is planning to sell his own brand name.

According to an unnamed source, Tom Ford is working with financial advisors from Goldman Sachs to evaluate the personal brand. During 17 years of business, the company is still private and does not need to report financials, so only internal investors can know the data situation. However, it is estimated that the total brand value can reach billions of dollars.

Bloomberg was the first media to report on this deal. However, so far, both Tom Ford and Goldman Sachs representatives have remained silent about the incident.

It is too early to conclude whether Tom Ford will sell the brand. Maybe he will just sell a few shares and continue to linger to design for a new partner. Or he could choose to merge into a corporation and leave altogether. Of course, there is also the possibility that Tom Ford will decide not to sell the brand – but this is the least likely because if he wasn’t ready, he wouldn’t order due diligence from Goldman Sachs, the second largest investment bank. Global.

The success of the Tom Ford brand: It took only 17 years to captivate the market

The Texas-based designer is known for rebuilding Gucci’s reputation in the 1990s. After Gucci went downhill due to a family scandal, Tom Ford brought new life to the brand with sexy designs. yet minimalistic.

Later, Gucci and Yves Saint Laurent merged to form the PPR group (present-day Kering). However, Tom Ford could not find a common voice with the management and left in 2004. In 2005, Tom Ford founded his own brand with his partner Domenico De Sole, who used to hold the position of Gucci president before the brand. the brand is sold to PPR.

The fledgling brand found rapid success in the menswear and private sector. In 2010, Tom Ford launched a women’s fashion line. His designs are worn by the biggest global stars such as Beyoncé, Gwyneth Paltrow, and Jennifer Lopez.

However, the beauty industry is the “money-making” field for Tom Ford. Through a partnership with Estée Lauder, Tom Ford licenses his personal brand for fragrances and beauty cosmetics. According to a financial report from Estée Lauder, Tom Ford’s line of cosmetics and fragrances has consistently experienced surprising growth since its launch in 2006.

In just 17 years, Tom Ford has successfully established itself as an established luxury brand. The designer was also respected when he was awarded the position of President of the Council of Fashion Designers of America (CFDA) in 2011.

Why did Tom Ford decide to sell the brand?

Although Tom Ford and Goldman Sachs are still quiet about the deal, experts say there are three main reasons why designers are willing to sell their personal brands.

First, this is a good time to sell brands.
During the pandemic years, the luxury fashion industry has flourished. Consumers take budgets that are used for travel and dining to be spent on shopping.

Traditionally, a company will be valued based on advertising/sales revenue over the past 3-5 years. Therefore, good sales during the two years of the pandemic will help boost brand value.

High inflation in 2022 and the economic downturn are also expected to have little impact on the business of luxury brands. According to Morningstar Research, a market research and analysis firm, luxury items are usually not affected in the short term by an economic downturn, “unless the prolonged situation severely affects the wallets of the world. super-rich”. Morningstar Research representative, researcher David Swartz emphasized that investors are still very confident about the development ability of the luxury industry.

Therefore, selling off the brand in the early stages of the economic downturn is a wise move for Tom Ford.

Maybe Tom Ford wants to spend his time on projects outside of fashion.

Besides fashion design, Tom Ford is also a filmmaker. Maybe he wants to sell the brand to reduce the daily workload to easily pursue art projects.

Recently, Tom Ford also announced an investment in finding materials to replace single-use plastic in product packaging. The contest with a prize of 1.2 million USD found 8 finalists. Does Tom Ford want to take a break from fashion design to invest in materials that will change the world?

It is also possible that the designer wants to retire.

Designer Tom Ford was born in 1961, now 60 years old. He is not a very old designer (Giorgio Armani, Tommy Hilfiger, and Ralph Lauren are all working despite reaching the U80 threshold).

However, in the past year, Tom Ford’s partner, Richard Buckley, passed away. An American journalist who was the first and last love of designer Tom Ford. The couple shares a son, born in 2012. The departure of Richard Buckley, when their son was 9 years old, was too much of a pain for Tom Ford. After the death of her husband, the designer rarely appeared in public. Perhaps, Tom Ford wants to sell the brand to spend time recovering and raising his son.

You can click on the links below to own our products

[The best selling] Deer Hunting For Hunter Blue Version Full Printing Shirt

[The best selling] Deer Hunting Camo For Hunting Season Full Printing Shirt

[The best selling] Deer Hunter Love Hunting Leather Version Full Printing Shirt

[The best selling] Deer Hunter Love Hunting Full Printing Shirt

[The best selling] Deer Hunter Love Hunting Forest Version Full Printing Shirt

[The best selling] Deer Hunter Love Hunting Camo Version Full Printing Shirt

[The best selling] Deer Hunter For Hunting Season Orange Version Full Printing Shirt

[The best selling] Deer Hunter For Hunting Season Camouflage Version Full Printing Shirt

[The best selling] Deer Hunter For Hunting Season Camo Version Full Printing Shirt

[The best selling] Dare To Be Different Autism Squad Autism Awareness Full Printing Shirt

[The best selling] Custom Stitch Love Needs No Words Autism Awareness Full Printing Shirt

[The best selling] Custom Stitch Autism Acceptance Stitch Autism Awareness Full Printing Shirt

[The best selling] Custom Stitch Autism Acceptance Autism Awareness Full Printing Shirt

[The best selling] Custom Stay Different Stay Weird Autism Awareness Full Printing Shirt

[The best selling] Custom Sometimes Different Is Better Autism Awareness Full Printing Shirt

[The best selling] Custom See The Able Not the Label Autism Awareness Full Printing Shirt

[The best selling] Custom Proud Autism Mom Autism Awareness Full Printing Shirt

[The best selling] Custom Nana Love Autism Awareness Full Printing Shirt

[The best selling] Custom It’s Ok To Be Different Autism Mom Autism Awareness Full Printing Shirt

[The best selling] Custom It’s Ok To Be Different Autism Awareness Full Printing Shirt

[The best selling] Custom I’m The Type Of Girl Who Is Perfectly Happy With Campfire Full Printing Shirt

[The best selling] Custom I’m Blunt Weed Cannabis 420 Weed Full Printing Shirt

[The best selling] Custom High Maintenance Weed Marijuana Cannabis 420 Weed Full Printing Shirt

[The best selling] Custom Groot I Wear Blue For Autism Awareness Full Printing Shirt

[The best selling] Custom For Hunting Season November Deer Full Printing Shirt

[The best selling] Custom For Hunting Season December Deer Hunting Full Printing Shirt

[The best selling] Custom For Hunting Season December Deer Full Printing Shirt

[The best selling] Custom Don’t Piss Off Old Biker Motorcycle Full Printing Shirt

[The best selling] Custom Different Not Less Autism Awareness Full Printing Shirt

[The best selling] Custom Deer Hunting For Hunting Season Full Printing Shirt

[The best selling] Custom Deer Hunting Camo For Hunting Season Full Printing Shirt

[The best selling] Custom Be Kind In The World You Can Be Anything Autism Awareness Full Printing Shirt

[The best selling] Custom Baby Yoda Choose Kindness Autism Awareness Full Printing Shirt

[The best selling] Custom Awesome Autism Groot Autism Awareness Full Printing Shirt

[The best selling] Custom Autism Awareness Peace Love Autism Elephant Full Printing Shirt

[The best selling] Custom Autism Awareness Mamasaurus Autism Full Printing Shirt

[The best selling] Custom Autism Awareness Love Needs No Words Full Printing Shirt

[The best selling] Custom Autism Acceptance Skeleton Autism Awareness Full Printing Shirt

[The best selling] Custom Autism Acceptance Autism Awareness Full Printing Shirt

[The best selling] Custom Autism Accept Adapt Advocate Elephant Autism Awareness Full Printing Shirt

Connect us at:

Collection: https://owndesignshirt.com/shop/trending-shirt/

Homepage: Owndesignshirt Store

NOTE: ALLYOLOSWAG®, LEESILK®, CLOUDYTEESHIRT®, 93STORES®. ARE ALSO OUR BRAND WEBSITES SYSTEM, PLEASE FEEL FREE TO BUY ANY OF THEM. THANK YOU FOR BEING OUR CUSTOMERS!
+