By  on March 11, 2010

Having more than doubled his money on his earlier investments in Saks Inc., Diego Della Valle has boosted his bet on the recovery of the luxury retailer.

Through his personal investment vehicle, Diego Della Valle & C. S.A.P.A., the chairman and chief executive officer of Italy’s Tod’s SpA this week spent $22.3 million for an additional 2.9 million shares of the luxe retailer, according to a filing with the Securities and Exchange Commission.

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