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Top related persons:
Tony Gentile - 1 MILAN - 1 Walter Chiapponi - 1 Chiapponi - 1 Tod's - 1 Women's - 1 Walter - 1 Diego Della Valle - 1
Top related locs:
Rome Italy
Top related orgs:
REUTERS - 1 Milan - 1 Tod's - 1 Thomson - 1

Search resuls for: "Diego Della Valle"


5 mentions found


☆ Tod's creative director Walter Chiapponi to step down
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
[1/2] The logo of Tod's is seen in a shop in downtown Rome, Italy February 10, 2016. REUTERS/Tony Gentile/File PhotoMILAN, July 12 (Reuters) - Italian luxury fashion group Tod's (TOD.MI) said on Wednesday that creative director Walter Chiapponi was leaving the company "by mutual agreement" after four years. Chiapponi will present his last Tod's Spring Summer 2024 women's collection in September at the Milan Fashion Week, the group said in a statement. Tod's did not name a replacement but said that a "new creative direction" would be announced in the coming months. The designer's departure was first reported by Women's Wear Daily (WWD) on Wednesday, citing unnamed sources.
Persons: Tony Gentile, MILAN, Walter Chiapponi, Chiapponi, Tod's, Women's, Walter, Diego Della Valle, Fay, Hogan, Roger Vivier, Elisa Anzolin, Keith Weir Organizations: REUTERS, Milan, Tod's, Thomson Locations: Rome, Italy
☆ Italian fashion group Tod's sales jump in Q1, beating expectations
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. REUTERS/Arnd Wiegmann/File PhotoMILAN, May 10 (Reuters) - Sales at Italian fashion group Tod's (TOD.MI) rose by 23% in the first quarter of the year, beating analysts' forecasts thanks to a strong performance in China and despite moderate growth in the Americas. "Considering the good sales trends we experienced in April and the excellent orders' backlog for the winter collections, I'm confident about the group's future results," said Tod's Chairman and CEO Diego Della Valle. In the United States sales rose 6.6%. Tod's CFO said he is confident of achieving the consensus sales figure for the year, currently at 1.1 billion euros.
☆ Loafer buyout flop may have sting in the tail
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Oct 26 (Reuters Breakingviews) - Founder Diego Della Valle’s stingy attempt to take luxury shoemaker Tod’s (TOD.MI) private appears to have floundered. Della Valle’s refusal to lift the bid price appears puzzling. Adding perhaps 10% to the offer price would have mollified the naysayers. Investors would be forced to accept illiquid stock or compensation based on Tod’s average price in the six months prior to the offer. Della Valle’s next deal could be even stingier.
☆ Della Valle family fails to reach 90% Tod's target as offer closes
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Oct 25 (Reuters) - The Della Valle family failed to reach the 90% ownership threshold needed to proceed with a proposed delisting of luxury shoemaker Tod's (TOD.MI) under their buyout bid, a Borsa Italiana filing showed on Tuesday. On the last day available for the offer, investors tendered Tod's shares accounting for a total of 4,134,358 shares. According to Reuters calculations, the Della Valles, who own 64.5% of the company, needed to gain the acceptance of 5,144,373 shares to reach the 90% threshold in their effort to take the company private. The Della Valle family has stated it could delist Tod's by merging it into DeVa Finance within six months of the closing of the takeover bid. Tod's shares ended down 2.4% at 39.6 euros, underperforming Milan's all-share index (.FTITLMS) which ended up 1.5%.
☆ Italy’s loafer king can afford to be more generous
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Sept 29 (Reuters Breakingviews) - Tod’s (TOD.MI) founder Diego Della Valle is seeking to delist his bling shoemaker on the cheap. The Italian tycoon on Monday launched a takeover bid at 40 euros a share for the company he controls with a 65% stake. Investor Tabor Asset Management believes that, taken separately, the Italian group’s brands warrant an offer of at least 76 euros a share. That would push the price tag to 60 euros a share, 50% above the current offer, Breakingviews calculations show. With so much hidden value to reap, Della Valle can probably afford to be a tad more generous.
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