AT LAST: Eighteen months after first getting the green light to restore the Colosseum and despite bureaucratic glitches and an investigation by the Court of Auditors and Rome’s public prosecutor, it looks like Diego Della Valle, chairman and chief executive officer of Tod’s SpA, will finally be able to see work begin on the historic amphitheater. A press conference to kick off the project, solely sponsored by Tod’s, will be held July 31 at the monument.
Della Valle has pledged to donate 25 million euros, or $30.2 million at current exchange, for the restoration. Work is expected to be completed in 24 to 36 months.
This story first appeared in the July 27, 2012 issue of WWD. Subscribe Today.