Tod's news and archive

Chinese giant Alibaba is courting Italian luxury houses

Chinese conglomerate Alibaba Group Holding's Lazada is eyeing Italian luxury houses such as Giorgio Armani and D&G, in a bid grow e-commerce sales to 100 billion dollars by 2030. Having premium European fashion and design brands in its portfolio would stave off other Asian competitors, reported Bloomberg. The company's executives recently...

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Former Chanel executive takes helm at Tod's

Milan - Luxury Italian shoe company Tod's on Thursday named John Galantic, a former top manager at Chanel, to replace founder Diego Della Valle as chief executive. The appointment comes after L Catterton, an investment fund associated with luxury giant LVMH, made a friendly takeover bid for Tod's in February, which allowed it to delist from the...

Fashion |In Pictures

Tod’s unveils collaboration with Rahul Mishra

Italian luxury fashion house Tod’s has unveiled a collaboration with renowned Indian couturier Rahul Mishra, which will debut during London Fashion Week with a cocktail party at the brand’s Bond Street boutique in London. Mishra is the latest designer to participate in Tod’s new ‘Tod’s Factory’ project, a creative laboratory where established...

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Can blockchain and NFC chips put an end to counterfeiting and idea theft in the fashion industry?

The fashion industry is facing a double threat: a rise in counterfeiting that eats into their profits and a fast-fashion culture that copies designs with impunity. But blockchain offers a glimmer of hope. Or rather, a concrete answer. Blockchain: Tracking a fashion item’s entire journey A blockchain is essentially “a large, public, distributed...

Business

Lower revenues from Greater China impacts Tod’s Q1

Tod’s turnover reached 252.3 million euros, down 6.7 percent in the first quarter with the strong impact of currencies and China weakness weighing on the results. The company said in a statement that Tod's and Roger Vivier were visibly affected by the weakness of the Chinese market. However, all brands performed well in the European and American...

Business

Tod's to be delisted after successful takeover bid by fund associated with LVMH

Milan - The friendly takeover bid for Tod's launched by L Catterton, an investment fund associated with LVMH, has exceeded the threshold of 90 percent of the capital, which will allow the Italian luxury shoe maker to be delisted from the Milan Stock Exchange, according to results published on Friday. "Tod's shares will be automatically withdrawn...

People

Chiara Ferragni will not return to the management of Tod's

Italian entrepreneur and influencer Chiara Ferragni is no longer a board member of Tod's Group, according to an AFP report. Di.Vi. Finanziaria, Tod's majority shareholder, on Thursday published a list of nine candidates for the next term of the board of directors, with Ferragni's name not among them. Ferragni joined Tod's Group's board of...

Tod’s posts 11.9 percent revenue increase in 2023

In fiscal year 2023, Tod’s Group consolidated sales were 1,126.7 million euros, up 11.9 percent against FY 2022. These figures imply a growth of 7.5 percent in the fourth quarter, at constant rates, driven by 11.9 percent growth in the retail channel. Commenting on the results, Diego Della Valle, chairman and CEO of the Group, said: “In FY2023...

Business

Tod's CEO says he doesn't 'have to sell' brand

Diego Della Valle, the founder and CEO of Tod's, revealed during Milan Fashion Week that he has no plans to sell the family business. Earlier this month, Italian fashion group Tod's S.p.A announced via an ad hoc statement that investment company L Catterton, with the family's support, would take all shares off the Milan stock exchange. According...

Business

Tod’s Group strikes new deal with L Catterton, going private

L Catterton, an investment firm in which LVMH has a minority share, announced a friendly takeover bid for Italian fashion group Tod's. The primary purpose is to remove its shares from the Milan Stock Exchange. The offer, valued at 512 million euros, involves buying up to 36 percent of Tod's shares at 43 euros per share, a 17.59 percent premium...

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Milan's upcoming fashion week expects a 10 percent growth in visitors

Milan’s upcoming women’s fashion week predicts a growth of over 10 percent in visitor numbers compared to the previous year, translating to an estimated business impact of 70 million euros or more. Alessia Cappello, Milan’s Employment and Economic Development Councillor, said the city's commitment to supporting its national fashion body CNMI...

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Tod’s sales increase 12 percent in FY23

In fiscal year 2023, Tod’s Group preliminary consolidated sales were 1,126.7 million euros, up 11.9 percent against FY 2022. At constant exchange rates, the group's revenues would amount to 1,147.5 million euros, up 14 percent. These figures imply a growth of 7.5 percent in the fourth quarter, at constant rates, driven by the retail channel...