Della Valle Bullish on Near Term

MONTE CARLO — Diego Della Valle, chairman and chief executive officer of Tod’s SpA, insists his 6 percent holding in Saks Inc. is a family investment, and declined to comment whether he plans to increase his stake in the department store group.

In an interview on the sidelines of the FT Business of Luxury conference here, Della Valle also said he doesn’t plan to revive Schiaparelli, the long-dormant Parisian fashion house, before 2011, but remains optimistic about a recovery for luxury markets in the near term.