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Tod's: Diego della Valle denies sale and talks about recovery in China

Jul 10, 2020 Italy
 Tod's: Diego della Valle denies sale and talks about recovery in China
The Chairman and CEO of the Italian premium fashion brand said he has no intention of selling the company. Diego della Valle says the brand is already seeing optimism in certain markets
According to the words of Diego della Valle the company is starting "to see a good euphoria” in China and other Asian markets and “that gives us the desire to push as much as possible”. The luxury leather goods company’s head concluded that at this stage despite the optimism seen in certain markets, realistic predictions cannot yet be made.

During the Online Fashion & Luxury Talk conference organised by Italy’s RCS Academy Business School on the 7th of July, Della Valle also said he raised his potential share of voting rights in the firm to above 80%: “I have bought Tod’s shares in the last year and a half. I am going in a clear direction”. With this statement Mr della Valle underlined that he has no intention of selling the company. This follows rumours of a possible transaction involving Tod's and a large French group.

Image credits: LuxusPlus


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