The Italian fashion’s group CEO, Umberto Macchi di Cellere, has left. He has been replaced by president and vice-president Diego and Andrea Della Valle, who have hired Simona Cattaneo as Tod's new general manager.
The couture house owned by Diego Della Valle is launching its first store outside of its "Salons Boutique" on Paris' Place Vendôme. The new location will open in New York's Bergdorf Goodman on October 12.
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.
On Friday, the share price of Tod’s on the Milan Stock Exchange was strongly on the upswing, the market saluting the appointment of Chiara Ferragni to the group’s board as Tod’s aims to appeal to a younger audience.
“Everyone reacts to sincere things. When you do something that you really believe in it, and not just for commercial reasons, people react... people understand,” argues Roger Vivier's artistic director, Gherardo Felloni.