LVMH increases its stake in TOD’s


Italian fashion group Tod’s said on Thursday that French luxury giant LVMH has increased its stake in Tod’s to 10 percent.

Tod’s founder Della Valle entered into a purchase and sale agreement with a subsidiary of LVMH for the sale of shares of Tod’s, which represent 6.8 percent of the Italian company’s share capital, Tod’s said in a statement. LVMH already owned 3.2 percent of the company’s share capital.

The price per share is 33.10 euros, the statement said.

By Kanishka Singh