Kering is looking to buy Tom Ford. Kering is a French luxury giant. Tom Ford is an American fashion brand founded by the designer of the same name.

Kering is a global luxury group that manages the development of a series of renowned houses in fashion, leather goods and jewelry. By placing creativity at the heart of its strategy, Kering enables its houses to set new limits in terms of their creative expression while crafting tomorrow’s luxury in a sustainable and responsible way. Kering has more than 42,000 staff members.

Kering has managed to ride a sort of post-pandemic sales boom, especially across its Gucci, Saint Laurent and Balenciaga brands. The company has a market value of almost 60 billion euros which would not make Tom Ford an extremely expensive asset to acquire.

Tom Ford, best known for men’swear, although it also sells women’swear and accessories, as well as a line of high-end cosmetics and perfumes, was founded in 2005. A deal with Kering could make more strategic sense, given the French group’s experience in high-end fashion and accessories. Tom Ford could use Kering’s experience, expertise and savoir-faire to grow his women's accessories business.

For the third quarter of 2022 Kering’s revenue was up 14 per cent compared to the third quarter of 2021.