Tod's Head Diego Della Valle
Tod's head refutes rumors about upcoming company sale
Diego Della Valle, chairman and CEO of Tod's Italian premium footwear and accessories brand, said he was not going to sell the company and also noted a positive trend in sales in some markets, writes Worldfootwear.com.
According to Diego Della Valle, the company notes good sales results in China and other Asian countries, and this gives Tod's strength for further active development. However, despite the optimism, Tod's head believes that it is too early to make realistic forecasts.
During the Online Fashion & Luxury Talk, organized by the Italian business school RCS Academy Business School, on July 7, Diego del Valle also revealed that he has increased his voting share in the company to more than 80%. “Over the past year and a half, I have bought additional Tod's shares. I'm going in a clear direction. " Thus, Mr. Della Valle made it clear that he was not going to sell the company, despite rumors about the possible sale of Tod's.
By the end of 2019, Tod's recorded a drop in revenue to 916 million euros, compared with 940 million euros in 2018. The company's profit in 2019 fell to 46,3 million euros, compared with 47.1 million in 2018.
Diego Della Valle, Chairman and CEO of Italian premium brand of Tod's shoes and accessories, said he was not going to sell the company, and also noted a positive trend in ...
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