By  on February 12, 2012

MILAN — Tod's SpA has gotten a thumbs-up from Italy's watchdog authority that oversees public procurement for the Italian luxury goods company to sponsor the restoration of the Colosseum in Rome.

The authority determined that Tod's sponsorship contract merely details a financing plan and is therefore lawful and transparent. It is understood Rome's regional court, the T.A.R., will likely stand by the authority's decision.

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