The Tod’s founding family Della Valle would retain a majority stake of 54%, L Catterton 36% and the remaining 10% would be held by minority shareholder LVMH. L Catterton will pay 43 euros per share, i.e. 512 million euros, for its stake.
Diego Della Valle, Chairman and CEO of Tod’s, said in a statement: “I am very pleased to announce this transaction, which will further benefit the future development of Tod’s Group, built through continuous investment and challenging targets. We have come to the conclusion that it is the best strategic decision to leave the stock exchange, with which we have always maintained an excellent relationship.”
Michael Chu, Global Co-CEO and Co-Founder of L Catterton, said: “Tod’s Group is synonymous with luxury, quality and craftsmanship and embodies the Italian ethos that the Della Valle family captured so perfectly over 100 years ago. It is an honor to partner with the Della Valle family in this important next phase of the company’s remarkable journey.”
In addition to the brand of the same name, the Tod’s Group also includes Roger Vivier, Hogan and Fay. It generated sales of 1.12 billion euros in the last financial year 2023, 11.9 percent more than in the previous year.