By  on December 22, 2010

MILAN — After a more than $300 million payday shared with his brother from the sale of 3 million Tod’s SpA shares, chairman Diego Della Valle has reduced his stake in the luxury goods company to almost 56.8 percent from 64.8 percent.

A statement to Consob, Italy’s stock market watchdog, said Della Valle’s financial vehicle Di Vi Finanziaria Sapa holds about 53.7 percent of the shares, while another entity, Diego Della Valle & C. Sapa, holds nearly 2.3 percent.

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