Tod's Group

Tod’s Group Sets Date To Officially Go Private

Tod’s Group Set to Delist from Stock Exchange

Tod’s Group will be delisted on June 7, with trading suspension two days prior on June 4, following approval from Italy’s watchdog Consob for the squeeze-out at 43 euros per share.

Earlier this month, Tod’s reported that Crown Bidco Srl, an L Catterton affiliate, had acquired more than 90 percent of Tod’s shares, leading to the delisting. The tender offer took place from March 25 to May 8.

Diego Della Valle portrait
Diego Della Valle, Tod’s Chairman and CEO

Chairman and CEO Diego Della Valle commented on the development, stating, “We made this choice to develop the full potential of our individual brands,… We have a great growth opportunity and we will try to seize it, operating with a long-term horizon.”

Tod’s Group includes brands like Tod’s, Roger Vivier, Hogan, and Fay. Sales for the first quarter of 2024 were impacted by declines in the shoe category and revenue from Greater China, resulting in a total of 252.3 million euros in sales.

Initially looking to acquire 36% of Tod’s SpA, Crown Bidco later launched a voluntary tender offer for 27.9% of the group, with L Catterton, backed by LVMH, involved in the acquisition process. The total offer is now expected to reach 398 million euros.