LVMH ups stake in Tod's to 10%

France/Italy
Published:  26 April, 2021

The French luxury conglomerate will increase its stake in Italian luxury brand Tod’s to 10% in a move which Tod’s Founder and Chairman Diego Della Valle described as one which “consolidates the friendship” between his and Chairman and Chief Executive of LVMH Bernard Arnault’s families, as well as their businesses.

Della Valle has entered into a sale and purchase agreement with Delphine S.A.S. (a fully owned subsidiary of LVMH) for the sale of 2,250,000 shares of Tod’s, representing 6.8% of Tod’s share capital. LVMH already owns 3.2%.

The transaction will be executed on April 28, 2021.

Credit: Tod's