Tod's shares spike
Regulatory documents indicate that a holding linked to Chairman Diego Della Valle have committed to buy up to 5% of the luxury group's shares. As a result Tod's shares value immediately increased
According to the information available in a regulatory filing recently submitted, one of the holdings of the Della Valle family had signed a contract with Credit Agricole Corporate and Investment bank, under which it agreed to buy up to 1.7 million Tod's shares. As a result, Tod’s shares were up immediately.
In October, Della Valle denied speculation in the Italian newspapers over a possible sale of the group, saying "if we were to do a deal, we would buy, not sell".
The Della Valle's family currently owns roughly 60% of the Italian company specialised in shoes and leather goods.
Image credits: Tod's
Related news
Related Events
Related Organizations
-
-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
-
World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
-
-
Media Partners
Media Partners
-
MPA Style
Schuhkurier
La Conceria
SERMA