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Tom Ford has hired investment bank Goldman Sachs to explore a potential sale valuing the luxury brand at several billion dollars, according to a Bloomberg report.
Tom Ford could still opt to remain independent and a final decision has not been made, Bloomberg also reported. The deal could potentially give the new owners access to work with Tom Ford after the sale, the publication said. Tom Ford and Goldman Sachs did not immediately respond to requests for comment by Vogue Business.
The designer, who famously revived Gucci in the nineties with his unabashedly sexy approach, as well as worked for Yves Saint Laurent, launched his eponymous brand in 2004. In 2006, he partnered with Ermenegildo Zegna to launch menswear, and in 2010 returned to the womenswear catwalk schedule. Most recently, he was chairman of the Council of Fashion Designers of America (CFDA) but stepped down earlier this year. He is also a filmmaker: both “A Single Man” and “Nocturnal Animals” received Oscar nominations.
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