MILAN — Diego Della Valle of Tod’s SpA may take a long-term view toward luxury goods, but he’s upping the tempo of his company’s expansion.

Tod’s has opened 38 stores worldwide in the last 18 months; a new, modern shoe factory, and is adding more small leather goods and similar products. Now Della Valle expects to see the financial benefits. “The litmus test and stock market response of how we’ve prepared for the future will be visible in the second half of 2005,” he said in an interview.

For more on Tod’s, and the upcoming Milan season, see today's special section, WWD Milan Fashion Week.

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