09 December, 2020 -
09 December, 2020 - 10 December, 2020
15 December, 2020 -
United States (Eastern time)
11 January, 2021 - 13 January, 2021
Sao Paulo, Brazil
16 January, 2021 - 19 January, 2021
Riva Del Garda (TN), Italy
Diego Della Valle, Chairman and CEO of the Italian premium fashion brand, said he has no intention of selling the company.
Tod’s has been often seen by analysts as a possible target for major conglomerates such as LVMH. During the Online Fashion & Luxury Talk conference organised by Italy’s RCS Academy Business School on July 7, Della Valle said he raised his potential share of voting rights in the firm to above 80% in 2019. “I have bought Tod’s shares in the last year and a half. I am going in a clear direction”, he said.
In 2019, Tod’s registered €606.8 million of sales turnover, down from €665.4 million in 2018. Net profit amounted to €30.3 million, or 5% of revenues. During an annual Board of Directors meeting on March 12, it was decided that 1% of net profit for the Tod’s Group would be allocated to a special reserve fund for solidarity projects on local territory.