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By
Reuters
Published
Jan 12, 2017
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Tod's business plan will not change after arrival of new shareholder

By
Reuters
Published
Jan 12, 2017

The investment of Italian businessman Andrea Bonomi in Tod's will not change the luxury goods maker's industrial plan or its shareholding structure, the group Chairman and Chief Executive Diego Della Valle said on Thursday.

"Nothing will change," Della Valle told reporters on the sidelines of a conference in Rome.

Bonomi picked up a 3 percent stake in Tod's through his Strategic Capital fund, to support long-term growth at the group, which is still trying to find an equilibrium between its core shoe business and higher-margin leather goods and clothing.

Della Valle said the share acquisition by Bonomi was positive for the shoemaker and that the entrepreneur "did well".

Sales had fallen at Tod's after the brand struggled with an expansion into higher-margin leather handbags and clothing, away from its core product offering.

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