By  on December 6, 2011

TOKYO — Tod’s chairman and chief executive officer Diego Della Valle, who just capped off a trip through Asia, said his company’s business is performing in line with expectations — even as consumers become more and more discerning in terms of their spending.

“We are doing well. We are in line with our budget, even a little bit better,” the executive said in an interview from the top of his group’s headquarters. Not even a torrential downpour of rain appeared to drag his spirits down. “The Japanese consumers, like those in the rest of the world, are spending money [more carefully]. I think they have divided their desire to buy the very nice things of great quality that last for a long time and the things that aren’t expensive, possibly fast-fashion, that last for a season.”

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