Announced
Financials
Sources
Tags
Public
Cross Border
Luxury Items
footwear
bags
accessories
Italy
Acquisition
Minority
Private Equity
Pending
Friendly
Single Bidder
Tender Offer
Synopsis
L Catterton, a US-headquartered private equity firm, offered to acquire a 36% stake in Tod's, a luxury fashion house, for €504m. "At this time exiting the stock market, with which we have always had excellent relations, we believe it is the most strategically appropriate choice. Sharing this path with L Catterton, the world's leading private equity firm in the consumer goods sector, will give us the opportunity to develop further,” Diego Della Valle, Tod's CEO.
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