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Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal

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Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal

Estee Lauder Cos Inc (EL.N) said it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner's portfolio.

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