All Tod's articles – Page 3
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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News briefs
Tod’s owners help healthcare workers’ families
In an appropriate gesture of solidarity, the family of Diego and Andrea Della Valle , which controls Tod’s , has reportedly allocated €5 million to support the families of healthcare workers who have lost their lives in the fight against Covid-19. The funds will be managed by Protezione Civile ...
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News briefs
Tod's signs Japanese designer
Tod’s has signed on the Japanese designer Maiko Kurogouchi to work for T Factory , a project launched in September 2018 to temporarily hire designers who can help the company provide more collections throughout the year. Tod’s previously worked with the designers Alessandro Dell’Acqua and Alber Elbaz . Kurogouchi designs ...
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Article
Tod’s benefits from its DTC orientation
For the second quarter in a row, Tod’s beat market expectations in terms of sales development as the group registered the “first positive signs” of its strategy of renewing its collections more regularly and reducing its exposure to wholesale clients. Tod’s posted fourth-quarter sales of €238.4 million, up by 1.7 ...
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