All Tod's articles
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News briefs
Tod’s’ CEO steps down after less than 2 years in the job
John Galantic, the Chief Executive Officer of Tod’s, has stepped down less than two years after taking the helm at the Italian luxury goods company. The company has not named a replacement yet, according to the news agency Bloomberg. Tod’s appointed Galantic in September 2024. The former Chief Operating ...
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ArticleTod’s obtains postponement on ruling regarding advertising ban
A Milan-based court has granted a request by Tod’s to postpone a hearing on whether its advertising should be banned for six months due to concerns over alleged labor abuses within its supply chain. A hearing on the matter scheduled for Dec. 3 has been postponed to Feb. 23 after ...
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ArticleItalian prosecutor seeks to put Tod’s under court administration
Paolo Storari, a Milan-based public prosecutor, is seeking to put Tod’s under judicial administration for having allegedly facilitated poor working conditions in its supply chain. The Italian luxury goods group is accused of using suppliers operating workshops where workers lived “in conditions of quasi-slavery with wages of €2.75 per hour,” ...
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News briefs
Tod’s’ CEO for North America leaves
After 14 years in the job, Tod’s’ CEO for North America, Roberto Lorenzini, is stepping down. The Italian fashion group is expected to announce his replacement soon. Lorenzini will remain as an advisor for the company to ensure a smooth transition in the region. “Roberto has decided that this ...
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News briefs
Tod’s hires John Galantic as CEO
Tod’s has appointed John Galantic, the former Chief Operating Officer of Chanel. He replaces Diego Della Valle and his brother Andrea who were co-CEO and remain as chairman and vice chairman, respectively. The management shakeup comes after the luxury goods company went private in June. Earlier this year, Crown Bidco, ...
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ArticleThe stocks of footwear companies weaken in Q2 on soft economic prospects
The prices of stocks monitored by Shoe Intelligence fell by 4.6 percent on an equal-weighted average in the second quarter of 2024, compared with the previous three months as many economies continue to show signs of weakness. Meanwhile, interest rates in Western countries are staying higher for longer than expected ...
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News briefs
Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
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News briefs
LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
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ArticleFootwear stocks treaded water in a quarter marked by shareholder activism
The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...
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News briefs
Chiara Ferragni dropped from Tod’s’ board
Tod’s is not reproposing Chiara Ferragni as a board director. The Italian entrepreneur, fashion influencer and blogger joined the board of the Italian luxury goods company in 2021 with the objective of helping Tod’s better approach young consumers. At the time, the news of her appointment boosted Tod’s’ share price ...
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ArticleTod’s shareholder calls for higher bid price to delist company
Tabor Asset Management, a US investment company that has a 1.1 percent stake in Tod’s, is urging shareholders to reject a public tender to delist the Italian fashion group on the grounds that it does not fully value the company. On March 22, the Italian stock market regulator Consob approved ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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News briefs
Tod’s doubles its FY net profit
Tod’s more than doubled its 2023 net profit to €50.0 million from €23.1 million a year earlier, as Ebit rose to €94.7 million from €58.2 million. The Italian fashion company confirmed that full-year sales grew by 11.9 percent to €1,127 million. Tod’s decided not to pay a full-year dividend in ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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ArticleNew delisting attempt for Tod’s
After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful. Under the current offer, Crown Bidco, a company controlled by L Catterton, a private equity ...
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News briefsChiara Ferragni rarely attended Tod’s’ board meetings
The Italian influencer Chiara Ferragni has rarely attended Tod’s’ board meetings since her appointment as director on April 21, 2021. According to the daily Il Sole 24 Ore, Ferragni took part in only three meetings out of 17, missing 82.4 percent of the total – a record for a ...
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ArticleTod’s hints at positive profit news as sales momentum continues
Diego Della Valle, the chairman and CEO of Tod’s, said he was “very positive” about profits and growth potential at the Italian fashion house after it reported 2023 figures that showed continuing sales momentum. Full-year sales increased by 11.9 percent last year to reach €1,127 million, growing by 14.0 percent ...
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News briefs
Tod’s appoints Matteo Tamburini as creative director
The Tod’s brand has appointed Matteo Tamburini as the new creative director of its women’s and men’s collections. He will be presenting his first women’s collection for autumn/winter 2024-2025 at Milan’s next fashion week in February 2024. The appointment comes five months after the departure of Walter Chiapponi, who became ...
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News briefs
Tod’s to finance restoration of Milan’s city hall
Tod’s will fund the restoration of Milan’s city hall, which is situated in Piazza della Scala, opposite the eponymous opera house. The works comprise 5,345 square meters of exterior facades and 2,224 square meters of the internal court of honor, which features original elements of the building, including a portico ...
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News briefs
Tod’s joins the Aura Blockchain Consortium
Tod’s has joined the Aura Blockchain Consortium, securing digital product passports for the handbag Di Bag.“Using Aura Blockchain technology and the NFC tag that guarantees its authenticity and traceability, you are able to access all the information about the bag and its supply chain directly through your smartphone. This unique ...
