12 January, 2019 - 15 January, 2019
Riva del Garda (Tn), Italy
14 January, 2019 - 17 January, 2019
Sao Paulo, Brazil
15 January, 2019 - 16 January, 2019
New York NY, U.S
17 January, 2019 - 19 January, 2019
22 January, 2019 - 25 January, 2019
The Italian luxury shoe brand, which already operated the Roger Vivier label under a licence for a decade, announced the acquisition on Sunday (November 22).
Tod’s Group bought the Roger Vivier luxury brand for €415 million from Tod’s CEO, Diego Della Valle and his brother, Andrea, who had acquired the French shoe designer brand in 2001.
Tod’s will pay another €20 million for Rogerr Vivier’s Paris operations. The Della Valle family is to reinvest €207.5 million in Tod’s via a capital increase at €85.83 a share.
Buying control will provide Tod’s with a higher average profitability and a brand that is more exclusive than others it already owns, including Fay and Hogan. Expert analysts estimate that Roger Vivier will generate sales of more than €150 million this year.
The acquisition is expected to complete end of January 2016 and will raise Diego Della Valle’s stake in Tod’s to 60.66%.