Turkey, Turkmenistan will always contribute to regional, world peace'
The Turkish parliament speaker stressed the importance of cooperation between Turkey and Turkmenistan for ensuring peace and stability in the world.
Addressing the lower house of Turkmenistan parliament, the National Council, during his twoday official visit to Ashgabat, Mustafa Sentop said: "The unity of our countries, which undertake their obligations in ensuring international security, prosperity and peace, and strive to fulfill them duly, will always contribute to the security and stability of not only the region but also the entire world."
"Turkey and Turkmenistan are two brotherly countries that have a respected place in the international community with their stance in favor of peace and justice in international conflicts," Sentop said.
He highlighted a range of cooperation opportunities between the two nations, from economy to health, and from transportation to energy. Underlining that the Turkic world has become the center of global geopolitics, Sentop said it is also significant to develop cooperation between the parliaments of the two countries.
Later in the day, Sentop held a one-on-one meeting with Turkmen President Serdar Berdimuhamedov. Turkey will continue to back Turkmenistan on all international platforms, the Turkish official said.
Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford's company for $2.3 billion.
The deal, which values Ford's business at $2.8 billion, will see the US fashion superstar remain in his position as creative director until the end of next year, the statement said.
Bringing the brand under the "stewardship" of Estee Lauder Companies (ELC) "will allow for continuity and the further evolution of the Tom Ford brand as one of the preeminent global luxury brands of the twenty-first century," New York-based ELC said in its statement.
The deal includes the Tom Ford Beauty cosmetics and fragrance collection, with which Estee Lauder already has a licensing agreement until 2030.
Estee Lauder also holds major brands such as MAC cosmetics, Clinique and La Mer facial products, and Aveda.
The group expects Tom Ford Beauty to hit sales of one billion dollars a year within two years, betting on the success of its luxury perfumes in the United States and China.
"We are incredibly proud of the success Tom Ford Beauty has achieved in luxury fragrance and makeup and its dedication to creating desirable, high-quality products for discerning consumers around the world," head of Estee Lauder Companies Fabrizio Freda said in the statement.
"This strategic acquisition will unlock new opportunities and fortify our growth plans for Tom Ford Beauty," he added.
The deal also includes licenses for the brand's men's and women's fashion lines, eyewear label and accessories and underwear divisions, according to the statement.
The purchase of Tom Ford will grant Estee Lauder intellectual property rights to all of its lines.
The company will no longer have to pay royalties for Tom Ford Beauty and will be able to take advantage of new revenue sources by granting its own licenses.
The agreement notably provides for the extension and expansion of the license granted by Tom Ford to Ermenegildo Zegna for clothing, accessories and underwear lines.