Tod's
Tod's Group achieves double-digit growth in nine months
In the first nine months of 2023, Tod's Group's turnover reached 828,4 million euros, an increase of 14,3% compared to the same period in 2022, an increase of 16,5% excluding currency fluctuations.
Based on current exchange rates, the most popular brands are Fay (+22,2%, pictured) and Roger Vivier (+19,1%), followed by Tod's (+12%) and Hogan (+11,8%). The core footwear business recorded growth of 14% (excluding currency fluctuations), while leather goods and accessories grew by 23% and 25,8%, respectively.
In a territorial context, growth was noted in Tod's Group's largest market, Greater China (+29% excluding currency fluctuations). In Italy, group revenue grew by 8,2% and in the rest of Europe by 13,1%. In America there were practically no changes, but in the rest of the world the growth was 18,5%.
Pleased with the results, Tod's Group President and CEO Diego Della Valle said: “All of our brands experienced double-digit sales growth thanks to a combination of strong local demand and travel shopping. Sales of leather goods from the Tod's and Roger Vivier brands have been particularly stellar, further confirming customers' growing appreciation for their exceptional quality, craftsmanship and timeless elegance."
“We continue to pursue a clear growth strategy for each brand,” he added, “focused on organic growth of existing stores and expansion of product categories that fit the DNA of each of them.”
Note that the position of creative director of the Tod's brand remains vacant after the departure of Walter Chiapponi from this position, who moved to Blumarine.
In the first nine months of 2023, Tod's Group's turnover reached 828,4 million euros, which is 14,3% more than the same period in 2022, excluding currency fluctuations, the growth was...
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