Tod’s chairman, Diego Della Valle, believes that the worse of the economic crisis is over and claims that his group has reacted well to the situation. He said that he is satisfied with the group’s performance since the beginning of the year and expects it to improve in the coming months as the business environment clears up.

Emma Marcegaglia, the head of the Italian employers’ association Confindustria, also reckons that the worse is past as industrial orders and sales have stopped their free fall in Italy. She added that the current issue is to understand how long the economy will take to start expanding again, and predicted another few difficult months ahead.

In the meantime, Tod’s shareholders renewed the group’s 12-member board, confirming as directors Diego Della Valle, his brother Andrea Della Valle, Luigi Abete, Maurizio Boscarato, Luigi Cambri, Luca Cordero di Montezemolo, Emanuele Della Valle, Fabrizio Della Valle, Emilio Macellari, Pierfrancesco Saviotti, Stefano Sincini and Vito Varvaro.

Tod’s is celebrating the 30th anniversary of the launch of its iconic JP Loafer, a shoe which has sold millions of pairs, with a limited edition.