By and  on December 15, 2010

MILAN — Christmas clearly comes more than once a year for Diego Della Valle, chairman of Tod’s SpA.

Having already made a paper profit of more than $180 million on his investment in Saks Inc., Della Valle, along with his brother Andrea, has just received more than $300 million from the sale of 10 percent of Tod’s shares. The brothers had asked Italy’s merchant bank Mediobanca to place just over three million shares of the luxury goods group on the market, which amounts to about 10 percent of Tod’s capital.

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