The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Tod's Founder Diego Della Valle Raises Stake to 81.2%

The brand's chairman made good on a pledge to buy shares after disappointing first-half results earlier this month, a regulatory filing showed.

Tod's founder Diego Della | Source: Shutterstock

Reuters

20 August 2019

MILAN, Italy — Tod's Chairman Diego Della Valle has raised his stake in the luxury goods group he founded to 81.2 percent, making good on a pledge to buy shares after disappointing first-half results earlier this month, a regulatory filing showed.

Italian market regulator Consob said on Tuesday Della Valle's holding dated back to August 9 and included a 4.49 percent stake held through a forward contract that bound him to buy 2.4 million shares by November 26.

Della Valle, a prominent Italian businessman, has been buying more Tod's shares as they come under pressure due to sliding sales.

But the group CFO denied during an earnings call on August 7 it could be taken private.

By Valentina Za.

In This Article

Topics

Financial Markets

People

Diego Della Valle

Organisations

Tod's

Location

Milan, Italy

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

Birkenstock Could Break Fashion’s IPO Logjam

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.

The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.