Ties run deep between the Della Valle family that controls Tod’s and L Catterton backer LVMH. The delisting could allow Tod’s to invest heavily in promoting its brands while cleaning up distribution away from the scrutiny of public markets.
The Della Valle brothers said in a statement their holding company would pay €40 for each Tod’s Group share, valuing the company at €1.32 billion.
American designer Daniel Roseberry has put Schiaparelli back in the spotlight. A series of pop-up shops at Dover Street Market are the latest sign the brand is aiming to grow distribution beyond its Paris couture salons.
The troubled Italian maker of luxury comfort shoes is trying to reverse falling sales and re-energise its brand.
The group, which started a brand revamp at the end of 2017, has had negative retail sales for the last 21 quarters.