Tom Ford Seeking At Least $50 Million
Tom Ford International is on the hunt for financial backers, two sources familiar with the situation told peHUB. The New York-based fashion house entered the market within the past two weeks seeking a $50 million or greater investment, the sources said. Credit Suisse is managing the process. The capital would be used to expand the company's line into women's apparel, as Tom Ford currently offers meanswear, eyewear, beauty, fragrances, and men's and women's accessories. Tom Ford is famous for implementing the turnaround of the House of Gucci, which is owned by the French luxury goods company, PPR. In 2004, he left to launch Tom Ford International. The company's products are carried at luxury retail chains worldwide, as well as in four freestanding Tom Ford stores.
