MILAN — Posting a surge in earnings and sales in the first nine months of the year, Italian luxury shoe and leather group Tod’s SpA said Thursday it expects the momentum to continue for the remainder of the year.
Sales across all categories and markets helped lift Tod’s earnings before interest, taxes, depreciation and amortization 20.4 percent to 157.4 million euros, or $207.7 million. Consolidated sales rose 8.9 percent to 609.1 million euros, or $804 million, in the nine months ended Sept. 30, compared with the same period last year. In particular, Tod’s registered 15.5 percent growth in the third quarter, driven by the success of the fall season.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"