(ANSA) – ROME, APRIL 22 – “LVMH increases the stake already held in Tod’s by up to 10%”; “With this operation, the twenty-year friendship between the Arnault family and the Della Valle family is consolidated”, announces a note.
Diego Della Valle & C, a company controlled by Diego Della Valle, has signed a contract with Delphine, a company wholly owned by LVMH, for the sale of 2,250,000 Tod’s shares, equal to 6.80% of the share capital. LVMH already owns 3.2% of Tod’s capital. Following the completion of the transaction, which will be followed on April 28, Diego Della Valle will hold, directly and indirectly, a stake equal to 63.64% of the share capital of Tod’s and LVMH will hold a stake equal to 10.00% ” .
“The friendship with Diego Della Valle and his family dates back over 20 years. It is a strong bond, cemented by common human and professional values. We are very happy to strengthen this partnership even more”, comments Bernard Arnault.
And Diego Della Valle says: “” I am very happy, with this operation, to consolidate a friendship that has binded me and my family to Bernard and his family for over 20 years. Sharing the values of luxury, quality and product desirability could be an excellent reason to think about possible opportunities to be seized together in the future “. (ANSA).
news-copy">REPRODUCTION RESERVED © Copyright ANSA