Sales for the Tod’s brand increased by 10.4% in the year to €562.9 million, while Roger Vivier had growth of 16.5% to €286.7 million, Hogan was up by 9.3% to €214.2 million, Fay grew by 13.2% to €60.4 million and, finally, other brands were flat at €2.5 million.

By product category, the group had growth of 10.4% year-on-year for shoes, which totalled €857.8 million in consolidated sales for the year. Leather goods were up by 16.6% to €187.3 million, apparel grew by 16.7% to €79.1 million and the other category was flat at €2.5 million.

Regionally, the company’s home market of Italy saw an increase of 4.9% in 2023 to €263.9 million, while the rest of Europe grew by 10.5% to €239.6 million. The Americas had growth of 3.5% year-on-year to €85 million, Greater China was up by 24.2% to €356.7 million, and the Rest of World region grew by 7.2% to €181.5 million.

Retail (including directly operated stores and online retail) made up around 75% of total sales for the business and grew by 13.2% in 2023 to €841.8 million. Meanwhile, third parties (franchised stores and independent retailers) were up by 8.1% to €284.9 million.

Tod’s is due to be delisted from the Milan stock exchange after LVMH-backed L Catterton agreed to acquire 36% of the company.

Chairman and CEO Diego Della Valle said: “Considering the good quality of these figures, we are very positive about the income results that we will be able to obtain, as well as about the excellent future growth potential of our group. The global market trend, increasingly appreciating the high craftmanship and the Italian lifestyle, makes our brands increasingly desirable for high-quality consumers.”