The founder and CEO of Italian luxurious group Tod’s, Diego Della Valle, mentioned on Friday his household has no plans to promote the corporate after the delisting operation through non-public fairness agency L Catterton.
“We don’t need to promote something, we now have a household enterprise with younger individuals who need to do that job, what may be higher than that”, Della Valle mentioned on the sidelines of the Milan Trend Week.
By Elisa Anzolin; Editor: Alvise Armellini
Be taught extra:
Tod’s Group to Go Private in Deal with L Catterton
Ties run deep between the Della Valle household that controls Tod’s and L Catterton backer LVMH. The delisting may enable Tod’s to take a position closely in selling its manufacturers whereas cleansing up distribution away from the scrutiny of public markets.
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