Sales for the Tod’s brand amounted to €344.3 million in the first nine months of 2019, down 8.5% on reported rates compared with the same period in 2018. Hogan sales totalled €150.3 million (-5%) despite double-digit growth in Greater China and the “delicate situation” in Hong Kong. Revenues for Roger Vivier totalled €144 million, up 13% year-on-year, with all regions posting positive results, with the exception of the U.S., while sales of Fay amounted to €38.5 million (-11.6%) attributed to the weakness of the Italian market, especially in the wholesale channel.
Diego Della Valle, Chairman and CEO, Tod’s Group, said the results were in line with expectations. “We will continue to pursue the business model of Tod’s Factory, which includes collaborations and capsule collections with external designers with the aim of increasing even more the visibility and desirability of our products and attracting new clients, thanks also to the great support of the digital division, which is growing rapidly”, said Della Valle.
Group revenue from footwear amounted to €543.2 million in the first nine months of 2019, down 3.4% on a reported basis, with an improvement registered in the third quarter. Sales from leather goods and accessories totalled €91.5 million, a 4.8% decline year-on-year.