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Tod’s Family to Launch $344 Million Bid to Privatise Company

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.
The facade of the Tod's store on Bond Street, London.
The Della Valle family said it would spend up to €338 million to buy out other investors in Tod's Group and take it private. (Shutterstock)

The founding family and largest shareholder in Italy’s Tod’s said it would spend up to €338 million ($344 million) to buy out other investors in the luxury goods brand and take it private, aiming to spur its revival.

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Further Reading

Tod’s Factory Strategy: Is It Working?

After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.

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