LVMH-associated investment fund L Catterton has agreed with the Della Valle family, which own’s Tod’s, to acquire 36% of the company at €43 per share or a maximum of €512.2 million.

After this, the Della Valle family will own 54% of the company, while L Catterton will control 36% and LVMH will retain a 10% stake.

Following the end of the offer, Tod’s shares will be withdrawn from the Milan Stock Exchange, a move which the Della Valle family attempted to make in 2022 before their takeover bid failed to reach the necessary capital.

Tod’s CEO Diego Della Valle said that the transaction will “favour the future development of the Tod’s group, a development based on continuous investment and ambitious objectives”.

Source: Fashion United