All Tod's articles – Page 3
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ArticleTod’s swung into an operating profit in 2021
Tod’s beat market expectations with its 2021 earnings and expressed optimism for the current year. Nevertheless, for the third year in a row, the Italian shoe maker decided to omit paying a dividend on is full-year results. The company posted earnings before interest and taxes (Ebit) of €24.2 million in ...
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News briefs
Tod’s wins public tender for exclusive Milan store
Tod’s has won an auction to rent a store in Galleria Vittorio Emanuele II, Milan’s iconic shopping arcade, which is next to the city’s cathedal. In a public tender, the Italian luxury leather goods producer offered to pay an annual rent of €1.805 million for the 249-square-meter store, which is ...
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News briefsTod’s looks to 2022 with optimism after sales top expectations
Tod’s is looking towards 2022 with optimism after reporting higher-than-expected sales in 2021 and receiving positive initial feedback on its new spring/summer 2022 collections. Preliminary sales figures for the Italian footwear company showed that sales increased by 38.7 percent in 2021 compared to the year earlier to €884 million and ...
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ArticleTod’s returns to pre-pandemic levels in Q3
Tod’s’ revenues beat market expectations and were slightly above pre-pandemic levels in the third quarter of 2021. The Italian luxury footwear company reported sales of €224.3 million in the period, up by 14.6 percent year-over-year and by 0.5 percent compared to the same period of 2019, and above the €208 ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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News briefs
Tod’s’ CEO leaves
The Italian footwear company Tod’s cuts the number of co-CEOs from three to two, resulting in the departure of Umberto Macchi di Cellere after four years in the job. The company’s board approved to maintain the position of CEO solely for the chairman, Diego Della Valle, and the vice-chairman, Andrea ...
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ArticleTod’s sees full-year sales reaching €800m
Tod’s believes that its sales could rebound to about €800 million this year, compared with €637.1 million in 2020 when business was severely affected by the Covid-19 pandemic. The top line would still be significantly below the €916.0 million posted in 2019. In a conference call, Emilio Macellari, the chief ...
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ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
Colosseum’s inside restored thanks to Tod’s
The underground tunnels of Rome’s Colosseum, known as the hypogeum, have been restored thanks to funds provided by the Italian footwear company Tod’s. “This startling new view of the hypogeum is testimony to all that happened under the amphitheatre’s great arena from its inauguration in 80 AD up to the ...
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News briefs
Tod’s brand names new marketing and communications head
The Tod’s brand has appointed Michele Giacalone as chief marketing and communications officer. He joins the company after 10 years at the Paris office of the fashion services agency KCD, where he was managing director. Giacalone will be based in Milan and will report to Carlo Alberto Beretta, the general ...
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News briefs
Tod’s chairman would sell to LVMH if he sells
Diego Della Valle, the chairman and main shareholder of Tod’s, said that if he ever decided to sell the company it would be to the French businessman Bernard Arnault. However, he added that he and his family currently have no plans to sell Tod’s. Arnault is the main shareholder of ...
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ArticleTod’s Q1 sales rise on Roger Vivier, China exploit
Tod’s sales increased by 17.0 percent year-over-year to €178.7 million in the first quarter, underpinned by triple-digit growth in Greater China sales and the strong performance of its Roger Vivier brand. At constant currency rates, sales were up by 18.8 percent although they were still 16.3 percent lower than the ...
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ArticleLVMH hikes stake in Tod’s to 10% and triggers takeover speculation
Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman Diego Della ...
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News briefs
Chiara Ferragni joins Tod’s’ board
Tod’s appointed the 33-year old Italian entrepreneur, fashion influencer and blogger Chiara Ferragni to its board in an effort to better approach young consumers. The news boosted Tod’s’ share price by 14 percent and added about €100 million to its market capitalization. The Italian footwear company said it is “certain” ...
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ArticleTod’s to restructure its debt with €500m ESG-linked financing
Tod’s will repay all existing medium-term loans and cancel a revolving credit facility (RCF) after having signed a €500 million credit agreement with a pool of banks led by Intesa Sanpaolo. The new five-year sustainability-linked loan is composed of a €250 million term facility and a new €250 million RCF. ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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ArticleTod’s enjoys recovery in Asia
Tod’s is seeing signs of recovery in Japan and South Korea on top of the strong growth already enjoyed in China. But the company warned that to meet market expectations, it would need some “respite” in store closures in the fourth quarter. Financial analysts anticipate full-year sales of €647 million. ...
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ArticleTod’s posts operating loss in H1, low visibility on future trend
The Italian shoe maker Tod’s posted operating losses in the first half of 2020 due to the impact of lockdown and travel restrictions adopted to tackle the spread of the Covid-19 pandemic. It signaled that the start of the third quarter was better than the trend seen in the previous ...
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Article
Tod’s very prudent as Q1 sales drop nearly 30%
In the first quarter, Tod’s sales fell by 29.4 percent to €152.8 million due to the impact of the Covid-19 pandemic and the company’s “very prudent” delivery policy, both toward its stores and wholesale clients. At constant currency rates, revenues fell by 29.7 percent. All the group’s brands and geographies ...
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News briefs
Tod’s scraps dividend, chairmen waive 2020 pay
Because of the uncertainty surrounding the Covid-19 pandemic, Tod’s has decided to cancel its full-year dividend. The company had previously declared a dividend of €0.6 per share on its 2019 results. It still plans to spend 1 percent of net profit on solidarity projects. It added that its chairman, Diego ...
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