Tod’s Nine-Month Sales Rise More Than Expected



Sales at Italian fashion group Tod’s rose by a bigger-than-expected 16.4 percent in the first nine months of the year, pushed by tourist flows and local demand in Europe and Italy.

Revenues totalled €724.9 million ($738 million) in the period, above a €716 million forecast in an analyst consensus cited by Intesa Sanpaolo research.

“We are confident that we will be able to achieve good results also for the future,” chairman and CEO Diego Della Valle said in a statement citing orders coming in for the spring/summer collection.

An attempt by the Della Valle family to take Tod’s private failed last month, after a takeover tender fell short of the 90 percent ownership threshold needed for the de-listing.

The Della Valle family owns 64.5 percent of the company.

By Claudia Cristoferi; Editor: Valentina Za

Learn more:

Della Valle Family Scraps Tod’s Buyout, Shares Plunge

All shares tendered in the offer would be returned to their holders, the Della Valle family, which owns 64.5 percent of the company, said in a statement.



Credit: Source link

Discover

19,463FansLike
232,230FollowersFollow
77,437FollowersFollow
13,881FollowersFollow
2,920SubscribersSubscribe

Sponsor

spot_imgspot_img

Latest

Mulberry and Paul Smith link up for first bags collab

A key feature of the recent Paul Smith menswear runway show was a series of Mulberry bags, with the two labels linking up...

Which Is Better: Tinted or Untinted SPF? Experts Explain

This past May, the American Academy of Dermatology (AAD) issued a press release praising how far tinted sunscreens had evolved—specifically calling out how...

Artist, Actress Jordin Sparks Shines a Spotlight on Cantu Beauty as Brand Ambassador

Award-winning hair care brand, Cantu Beauty, has announced Grammy-nominated, multi-platinum singer/songwriter Jordin Sparks as the brand’s ambassador. As a longtime fan of the brand’s hydrating conditioning treatments...

The Following Summer, Taylor Swift Will Launch A Massive Stadium Tour

Page Six has learned exclusively from numerous sources that Taylor Swift plans...

18 Of The Best Tapered Jeans To Upgrade Your Smart-Casual Wardrobe (Updated 2022)

Tapered jeans aren’t pants held together by the power of duck tape. No. The best tapered jeans are a sexy, classic approach to...
en English
X