The Estée Lauder Companies is in talks to acquire fashion brand Tom Ford for at least $3 billion, the Wall Street Journal reports, citing people familiar with the matter.
There is no guarantee that the companies will reach an agreement. Estée Lauder is not the only prospect for Tom Ford, the report said.
Tom Ford is best known for its menswear, but also sells womenswear and accessories, as well as cosmetics and perfumes.
The Bloomberg news agency reported in early July that Tom Ford was for sale.