A Reuters report broke earlier today claiming that Tom Ford, former creative director of Gucci and luxury designer extraordinaire, has been quietly shopping for funding for his line, Tom Ford International. It seems the design house, based in New York, is looking to expand to womenswear. Hallelujah! But in order to secure the new endeavor, Ford needs to obtain an investment of $50 million or more. According to to a report from Thomson Reuters' private equity website peHUB, Credit Suisse is managing the investment process. Currently the Tom Ford International brand specializes in menswear, men's and women's eyewear, and fragrances. But the dream of Tom Ford's magic at both Gucci and Yves Saint Laurent has not been forgotten and despite the downturn in luxury spending due to the recession, fashion experts are already predicting that Ford's womenswear line, if it comes to fruition, will undoubtedly become a success.
Article Source: Reuters
Photo Source: NY Mag
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