Diego Della Valle, whose family owns 61.5 percent of Tod's, has “categorically” ruled out selling the company or any of its assets. In an interview with the daily La Repubblica, Della Valle, who is also chairman and co-chief executive of the company, said that he would be willing to buy more Tod's shares but his family does not want him to reduce the stock's free float. He added that he is “very confident” about the company's future, noting that it is about to open the largest store for the Tod's brand in Milan's upscale via Montenapoleone and that in the spring it will do the same in Paris for the Roger Vivier brand. Della Valle expressed a wish that his children and those of his brother Andrea would work for the company in the future. He complained that luxury brands that were primarily present in clothing have “systemically” started making shoes, while sports brands have entered its turf, competing in segments such as high-end sneakers.