Tod’s Group prepares to exit the stock market

The investment fund L Catterton, controlled by the French luxury giant LVMH, with $34 billion in assets (€31.5 billion), has just announced the launch of a public tender offer (PTO) for 36% of the capital of the Italian group, in agreement with the Della Valle family, the majority shareholder. L Catterton already holds 10% of the capital, while the Della Valle family controls 64% of Tod's group, which includes prestigious brands such as Hogan, Fay, and the iconic French shoe brand Roger Vivier. The purchase of 10% of the capital by LVMH took place in April 2021 for the amount of 75 million euros. Today, the new operation - which will value the company at €1.4 billion - will represent an investment of €512 million for L Catterton.

In 2023, the Tod's group's revenue was €1.13 billion, thanks to an increase of +11.9% compared to the previous year. Indeed, all the brands in the group have recorded excellent double-digit performances in recent months, driven by the acceleration of the Chinese market. It seems that this time, Diego Della Valle may effectively finalize his plan to delist.
Tod's Group was one of the first Italian luxury companies to enter the Milan Stock Exchange; this decision allowed the company to develop globally, positioning itself among the leaders in the high-end market. Diego Della Valle expressed great satisfaction with the agreements with L Catterton: "This operation will bring further benefits to the future development of the group, a development driven by targeted investments and ambitious goals," he said in a statement.

Diego Della Valle's personal fortune is estimated by Forbes magazine at $1.2 billion. This financial transaction is another step for Bernard Arnault in the world of Italian luxury fashion: LVMH already owns 100% of the cashmere clothing brand Loro Piana and counts Fendi, Berluti, and the jeweler Bulgari in its portfolio.