Tod’s said that preliminary sales figures showed that group revenue fell 2.6% in 2019 to €916.1 million, pushed down by weaker business in Italy and the rest of Europe. A year earlier, Tod’s revenues fell 3% globally.
Milan has lost Prada, MSGM and N°21. Giorgio Armani, however, will be there in force, both opening and closing the event, which welcomes four new names: Youser, David Catalan, Edithmarcel and Miguel Vieira.
Tod’s CEO Diego Della Valle unveiled a new chapter in his giant Italian footwear and luxury empire, 'Tod’s Factory', a series of “dialogues with designers,” and the first conversation will be with Alessandro Dell’Acqua.
Italian luxury group Tod’s like-for-like sales should improve in the second quarter of the year and turn positive starting from the second half, its Chief Financial Officer Emilio Macellari said on Wednesday.