Diego Della Valle to acquire a 25.5% stake in Tod's for $344m.

Diego Della Valle to acquire a 25.5% stake in Tod's, an Italian company which produces luxury shoes and other leather goods, for $344m. LVMH, a French luxury company, will retain a 10% stake. "The objective is to enhance the value of the group's individual brands, giving them strong individual visibility and operational autonomy," Diego Della Valle.