15 June, 2019 - 18 June, 2019
Riva del Garda (Tn), Italy
17 June, 2019 - 21 June, 2019
25 June, 2019 - 28 June, 2019
27 June, 2019 - 28 June, 2019
03 July, 2019 - 04 July, 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%.