Announced
Financials
Sources
Tags
Acquisition
Pending
Italy
accessories
bags
footwear
Luxury Items
Friendly
Cross Border
Minority
Private
Single Bidder
Synopsis
LVMH, a luxury goods manufacturer, agreed to acquire a 6.8% stake in Tod’s, a luxury leather manufacturer, from its chairman Diego Della Valle, for $104m. “I am delighted by this transaction which consolidates the friendship between myself, my family, Bernard and his family, that lasts longer than 20 years now. We share the values of luxury, quality and products appeal. This may represent an excellent reason to consider further opportunities to be taken in the future ahead," Diego Della Valle, Tod’s Chairman.
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