Estée Lauder in talks to buy luxury brand Tom Ford

Estee Lauder is in talks to buy luxury fashion brand Tom Ford, people familiar with the matter say, in what could be a $3 billion or more deal representing the cosmetics giant’s biggest-ever acquisition .

Based in New York, Estée Lauder primarily sells skin care products, cosmetics and fragrances. Its brands include MAC, Clinique, La Mer and Aveda. With a market value of nearly $100 billion, it has the wherewithal to complete such a deal.