The TOM FORD Brand Announces Executive Leadership Team
The TOM FORD brand, now owned by The Estée Lauder Companies Inc. (NYSE:EL), announced the appointments of Guillaume Jesel to President and CEO, TOM FORD, and Peter Hawkings to Creative Director, TOM FORD, effective at the closing of the acquisition. Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group”) has appointed a CEO of TOM FORD FASHION who is expected to be announced in July and assume the role in the third quarter of calendar 2023. These leaders will work together to ensure a consistent and cohesive image across all products, brand communication and retail.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230428005335/en/
Guillaume Jesel named President and CEO, TOM FORD
The Estée Lauder Companies (“ELC”) acquired the TOM FORD brand today in a transformational deal that establishes the company as the sole owner of the TOM FORD brand and all its intellectual property. The stewardship of the brand by ELC and the new leaders announced today, and through its licenses with the Zegna Group for fashion and accessories, and Marcolin Group for eyewear, provides continuity and allows for the further evolution of the TOM FORD brand as one of the preeminent global luxury brands of the twenty-first century. The Zegna Group acquired operations of the TOM FORD fashion business (“TOM FORD FASHION”) necessary to perform its obligations as a licensee of ELC.
Tom Ford and Domenico De Sole will continue to serve as brand advisors through the end of calendar 2023. About the new leadership appointments, Tom Ford said, “I could not be happier with the acquisition of the TOM FORD brand by The Estée Lauder Companies. The team there has been a great partner and Guillaume is an exceptional leader, with not only a strong business understanding of beauty, but a great understanding of fashion as well.
“I am also pleased that the Zegna Group will continue to manufacture and distribute TOM FORD fashion and accessories, and operate retail for TOM FORD FASHION. I have worked closely with Zegna for more than 30 years, first at Gucci, then at Yves Saint Laurent. When contemplating the creation of the TOM FORD brand there was simply no other partner that we would have turned to, to produce high quality fashion products and a flawless retail experience.
“Marcolin has been an excellent partner in producing and distributing TF eyewear since the inception of the brand and I have enjoyed close collaboration with Maurizio Marcolin and his talented team for many years now.
“These companies, under the brand stewardship of The Estée Lauder Companies, provide me with confidence that the TOM FORD brand will continue to be something that I will be proud of for many years to come.”
Domenico De Sole said, "I am delighted with this acquisition. We have had a long-standing partnership between the TOM FORD brand and The Estée Lauder Companies dating from the brand’s inception, as well as a close relationship with Gildo Zegna and the Zegna Group over the past 30 years. Given our long and successful histories together, I am certain that the two companies, together, will carry on the legacy that Tom and I have built over the past 18 years. I am grateful to Tom for his magnificent vision and leadership, and I thank our amazingly talented TOM FORD team for their dedication to and hard work for the brand."
GUILLAUME JESEL NAMED PRESIDENT AND CEO, TOM FORD AND LUXURY BUSINESS DEVELOPMENT, THE ESTÉE LAUDER COMPANIES
Guillaume Jesel brings nearly a decade of successful brand leadership of TOM FORD BEAUTY to his new executive leadership position at the TOM FORD brand. As President and CEO of TOM FORD, Guillaume will have oversight across all verticals and set a holistic luxury strategy for the brand. Guillaume will report to ELC executive leaders Jane Hertzmark Hudis, Executive Group President, and Tracey T. Travis, Executive Vice President and Chief Financial Officer.
“Guillaume has been instrumental in shaping the luxury beauty sector of our business. His ability to articulate the TOM FORD brand has resulted in TOM FORD BEAUTY achieving remarkable global success, making him ideally suited to lead the TOM FORD brand into its exciting future,” said Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies.
Under Guillaume’s tenured leadership at TOM FORD BEAUTY, where he worked directly with Tom Ford and his team, the brand spearheaded iconic innovation and strategically expanded its global reach, firmly establishing TOM FORD BEAUTY as a powerhouse in luxury beauty. Since 2014 when Guillaume started with TOM FORD BEAUTY, he has led the brand to achieve strong net sales growth on a compound annual basis and significantly improved ranking in global prestige fragrance and makeup, respectively.
PETER HAWKINGS APPOINTED CREATIVE DIRECTOR, TOM FORD
Peter Hawkings has been working alongside Tom Ford for nearly twenty-five years, most recently as Senior Vice President of TOM FORD Menswear. In his ascension to Creative Director, Peter will succeed Tom Ford with respect to his responsibilities as Creative Director of Fashion, including womenswear, menswear and accessory categories, assuming the role of lead designer for the fashion segment and fashion shows.
Peter will be responsible for upholding the TOM FORD brand’s vision, ensuring consistency of creative direction and decisions across all fashion categories and ushering the TOM FORD brand into its next chapter. He will report directly to Guillaume and matrix report to the CEO of TOM FORD FASHION.
“In Peter Hawkings the brand has found the perfect Creative Director,” said Tom Ford. “Peter began working with me 25 years ago as a menswear design assistant at Gucci and rapidly worked his way up to become the senior men’s designer at the company when he left to join me at the TOM FORD brand. Since the creation of TOM FORD menswear, Peter has been instrumental in the success of the brand. He is an incredibly talented leader with tremendous industry experience, and his appointment gives me confidence that my commitment to creating fashion products with the highest level of design and quality will continue.”
Peter began his career in 1998 at Gucci under the helm of Tom Ford and worked closely with him on the development of the highly successful Gucci menswear collections. Peter left Gucci in 2006 to join Tom Ford in the launch of his eponymous brand where he was charged with overseeing the design and production of all categories of TOM FORD menswear including tailoring, sportswear, leather goods, and accessories.
“Peter is one of the world’s most accomplished menswear designers. His design experience working under Tom Ford is unparalleled and his commitment to quality is relentless,” said Guillaume. “There is no one more perfectly suited than Peter to carry the founder’s legendary creative vision into the future.”
TOM FORD FASHION LEADERSHIP
The CEO of TOM FORD FASHION has been appointed and is expected to be announced in July and assume the role in the third quarter of calendar 2023. The leader will be responsible for the end-to-end TOM FORD FASHION business from collection development, to merchandising, through to production as well as retail and wholesale distribution.
Ermenegildo “Gildo” Zegna, CEO of Ermenegildo Zegna Group said, “We are delighted to appoint a strong leader for TOM FORD FASHION and look forward to leveraging the leader’s luxury business acumen and international experience to further grow the TOM FORD FASHION business globally. I am thrilled about the opportunities that this transaction brings to all of us as we continue the journey started by Tom and Domenico whom we congratulate for their remarkable achievements.”
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of outstanding luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.
About TOM FORD
In April 2005, Tom Ford announced the creation of the TOM FORD brand. Ford was joined in this venture by former Gucci Group President and Chief Executive Officer Domenico De Sole, who served as Chairman of the company. In that same year, Ford announced his partnership with Marcolin Group to produce and distribute optical frames and sunglasses, as well as a partnership with The Estée Lauder Companies to create TOM FORD BEAUTY. In April 2007, the brand’s first directly owned flagship store opened in New York on Madison Avenue which coincided with the debut of the TOM FORD menswear and accessory collections. In September 2010, during an intimate presentation at his Madison Avenue flagship, Ford presented his highly anticipated womenswear collection. In February 2018, Ford debuted TOM FORD timepieces and his underwear collection for the first time on the runway. Presently, there are over 100 freestanding TOM FORD stores and shop-in-shops globally. In 2023, The Estée Lauder Companies became the sole owner of the TOM FORD brand and all its intellectual property.
About Ermenegildo Zegna Group
Founded in 1910 in Trivero, Italy, the Ermenegildo Zegna Group (NYSE: ZGN) is a leading global luxury group. The Group is the owner of the world-renowned ZEGNA and Thom Browne brands, and operates TOM FORD FASHION through a long-term license agreement with The Estée Lauder Companies Inc. The Group also manufactures and distributes the highest quality fabrics and textiles through its Luxury Textile Laboratory Platform. At the Group’s core is a uniquely vertically integrated supply chain that brings together the best of Italian fine craftsmanship. Responsibility towards people, community and the natural world has been at the heart of the Ermenegildo Zegna Group’s belief since its founding by the Zegna family over 100 years ago. Ensuring the highest quality of products without compromising the quality of life for future generations is a commitment carried from the Group’s home in Italy to its operations around the world. Today the Group operates in approximately 80 countries around the world through 500 ZEGNA and Thom Browne stores, of which 304 are directly operated by the Group as of March 31, 2023 (242 ZEGNA stores and 62 Thom Browne stores). At the end of 2022, Ermenegildo Zegna Group had more than 6,000 employees and revenues of approximately €1.5 billion.
About Marcolin
Marcolin is a worldwide leading group in the eyewear industry founded in 1961 in the heart of the Veneto district, Italy. It stands out for the unique ability to combine craftsmanship with advanced technologies through the constant pursuit of excellence and continuous innovation. It signed a long-term license with The Estée Lauder Companies for TOM FORD eyewear as a substantial extension of its license with TOM FORD since 2005. Its portfolio includes proprietary brands, as well as more than twenty licensed brands. Through its own direct network and global partners, Marcolin distributes its products in more than 125 countries. At the end of 2022, Marcolin Group had about 2,000 employees and net sales of €547.4 million.
The forward-looking statements in this press release, including those in the quoted remarks and those relating to the closing of the transactions and benefits and other expectations for TOM FORD and TOM FORD BEAUTY involve risks and uncertainties. Factors that could cause actual results to differ from those forward-looking statements include current economic and other conditions, including volatility, in the global marketplace, actions by retailers, suppliers and consumers, competition, the transition and ongoing success of the collaborative relationship of the parties, contingencies set forth in the various transaction agreements, the abilities to implement the forward business plans, and those risk factors described in ELC’s annual report on Form 10-K for the year ended June 30, 2022.
ELC-B
ELC-L
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230428005335/en/
Contact information
ELC:
Investors:
Rainey Mancini
rmancini@estee.com
Media:
Jill Marvin
jimarvin@estee.com
Zegna Group:
Investor Relations/Group Communications/Media:
Francesca Di Pasquantonio
francesca.dipasquantonio@zegna.com
+39 335 5837669
Clementina Tito
clementina.tito@zegna.com
Marcolin Group:
Investor Relations
invrel@marcolin.com
Group Communication
Clara Magnanini
cmagnanini@marcolin.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SINOVAC Announces Record and Distribution Dates for Special Cash Dividend30.4.2025 09:00:00 EEST | Press release
Sinovac Biotech Ltd. (NASDAQ: SVA) (“SINOVAC” or the “Company”), a leading provider of biopharmaceutical products in China, today announced that a special dividend of US$55.00 per common share, as previously announced on April 1, 2025, will be paid in cash to valid holders of SINOVAC’s common shares as of the close of business on May 23, 2025, ET. Such cash dividend is expected to be paid on or about July 9, 2025. About SINOVAC Sinovac Biotech Ltd. (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of vaccines that protect against human infectious diseases. SINOVAC’s product portfolio includes vaccines against COVID-19, enterovirus 71 (EV71) infected hand-foot-mouth disease (HFMD), hepatitis A, varicella, influenza, poliomyelitis, pneumococcal disease, etc. The COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. The hepatitis A vaccine, Healive®, passed WHO prequalificat
SES: Q1 2025 Results30.4.2025 08:30:00 EEST | Press release
SES S.A. announces financial results for the three months ended 31 March 2025. Revenue of €509 million (-0.5% yoy(1)) and Adjusted EBITDA(2) of €280 million (-0.9% yoy(1)), both growing excl. periodic impact Networks revenue up +8.4% yoy(1) including some periodic impact supported by growth in Government (+13.1% yoy(1)) and Mobility (+8.5% yoy(1)); Media (-10.6% yoy(1)) in-line with expectations €360 million of new business and contract renewals signed in Q1 2025 Net Leverage at 1.2x(3) (including cash & cash equivalents of €3.1 billion(4)) O3b mPOWER satellites 7&8 have reached final orbital position – boosting mPower network capacity and resilience from May FY 2025 financial outlook(5) on track with yoy stable Revenue and broadly stable Adjusted EBITDA re-affirmed Fully funded Intelsat acquisition anticipated to complete in H2 2025 – intention to optimise the combined debt structure On 3 April 2025, AGM approved all company recommended resolutions including prioritisation of sharehol
Geoswift Launches Visa Direct to Enhance Cross-Border Payment Offers in Over 30 Countries30.4.2025 04:00:00 EEST | Press release
Geoswift announced today the integration of Visa Direct with Geoswift's cross-border payments platform. Visa Direct facilitates payouts to more than 140 countries and territories. The integration will enable payouts in 32 countries and territories, across 13 currencies, covering major markets in Asia Pacific, North America, Europe and Middle East, with plans for more in the future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423288249/en/ Bryan Ma, SVP, Head of Geoswift Global Payments, and Swapnil Mhasde, Head of Visa Direct Commercialization and Solutions, Asia Pacific, celebrating the launch in Singapore. Geoswift is a leading provider of cross-border payment services and solutions globally. With over two decades of innovation, it has become a trusted name in B2B, education, eCommerce, remittance, and travel payment use cases. Raymond Qu, Group CEO of Geoswift, stated, "At Geoswift, our vision has always been to del
Logitech Announces Q4 and Full Fiscal Year 2025 Results29.4.2025 23:03:00 EEST | Press release
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full Fiscal Year 2025 ended March 31, 2025. For Fiscal Year 2025: Sales were $4.55 billion, up 6 percent in US dollars and 7 percent in constant currency, compared to the prior year. GAAP operating income was $655 million, up 11 percent compared to the prior year. Non-GAAP operating income was $775 million, up 11 percent compared to the prior year. GAAP earnings per share (EPS) was $4.13, up 7 percent compared to the prior year. Non-GAAP EPS was $4.84, up 14 percent compared to the prior year. Cash flow from operations was $843 million. The year-ending cash balance was $1.5 billion. The Company returned $797 million of cash to shareholders through its annual dividend payment and share repurchases. For Q4 Fiscal Year 2025: Sales were $1.01 billion, flat in US dollars and up 2 percent in constant currency, compared
U.S. Patent and Trademark Office Invalidates Pharmacyclics Patent Asserted Against BeiGene29.4.2025 22:32:00 EEST | Press release
BeiGene, Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company that intends to change its name to BeOne Medicines Ltd., today announced that the U.S. Patent and Trademark Office (USPTO) rendered a Final Written Decision invalidating all claims of Pharmacyclics LLC’s (Pharmacyclics) U.S. Patent No. 11,672,803 (the ‘803 patent) that were challenged by BeiGene in a post-grant review (PGR) proceeding. On November 1, 2023, BeiGene filed a PGR petition with the USPTO challenging the validity of certain claims of the ‘803 patent, in response to a patent infringement lawsuit Pharmacyclics brought against BeiGene concerning BRUKINSA® (zanubrutinib). On May 1, 2024, the USPTO granted BeiGene’s petition to institute the PGR. The USPTO’s Final Written Decision is appealable by Pharmacyclics. Commenting on the ruling, BeiGene General Counsel Chan Lee said: “We are pleased that the USPTO invalidated all challenged claims of the ‘803 patent. Today’s decision reinforces our belief th
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom