Diego Della Valle Denied Rumors Of The Sale Of Tod 'S

Diego Della Valle, chairman and chairman of CEO and chairman of Tod s s, a billionaire industrialist and luxury group recently said that he did not intend to sell his own family industry.

In addition, Della Valle began to seek the group's extension in fashion and luxury lifestyle products.

Two years ago, the group hired the former Gucci designer Alessandra Facchinetti as the creative director. She will show the Tod 's latest fashion series in the 2016 spring summer Milan fashion week this week.

According to the financial times, there has been a rumour in the industry recently that Mr. Della Valle will sell Tod 's group at the time of retirement, including Tod' s', known as casual flat shoes.

And fashion brands like Hogan and Fay.

Rumor has it that French luxury goods giant LVMH will be the biggest potential buyer of the deal.

The relationship between the two sides is also unusual: Mr. Della Valle is also a member of the board of LVMH group, while LVMH Bernard group Arnault Bernard also controls 3.5% of Tod's s group.

In recent years, LVMH has acquired the luxury brands Loro Piana and Bulgari controlled by the two largest families in Italy.

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Tod 's brand craft shoes technology comes from

The hometown of Mr. Marche in Italy.

In addition to having a 60% stake in the Tod 's group of listed companies, the other personal investments of Della Valle (below), aged 61, are also quite active: including media group RCS Media Group, football club Fiorentina, high-speed train company, and French luxury brand Schiaparelli, which has just returned to the market.

He also donated 25 million euros to the restoration work of the ancient Colosseum.

According to Tod 's group's first half financial report,

Sales grew by 8% to 515 million euros, second of which rose 15% in the same quarter.

Net profit was 50 million euros (56 million euros last year).

Although the group's second quarter sales revenue is better than expected, in the past year and a half, China, the United States, the two markets and leather goods sector showed a slowdown in growth.

Della Valle said China's luxury sales decline is expected: "a certain form of restructuring will emerge again and again.

In view of the amazing pace of development in the past five years, this adjustment will only last for a short time. China is still the world's largest luxury market. "