Buy Out: Tod’s Founding Family Plans to Shell Out $344 Million to Take the Company Private -

Tod’s Group houses recognizable high-end labels such as Tod’s, Roger Vivier, Hogan, and Fay.

The founding family of Italian luxury footwear brand Tod’s is looking to buy out its investors for 338 million euros ($344 million). 

According to Reuters, the move is to revive the company’s presence by “managing its diverse brands separately.” Tod’s Group houses other recognizable high-end labels such as Roger Vivier, Hogan, and Fay.

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“The objective is to enhance the value of the group’s individual brands, giving them strong individual visibility and operational autonomy,” Diego Della Valles said.

In a statement, brothers Diego, Dorino, and Filippo Della Valle said they’re offering to purchase shares at 40 euros each, including a 10.4 percent premium. This equals a company valuation of 1.32 billion euros. 

Making moves

However, French luxury conglomerate LVMH will retain its 10 percent stake in Tod’s. Per the publication, LVMH’s founder, Barnard Arnault, and Diego have forged a 20-year friendship through their companies. 

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A post shared by Tod’s (@tods)

Last year, Tod’s sold a 6.8 percent stake (in addition to its existing 2.3 percent ownership) to the conglomerate to help modernize its brand. 

Many heritage fashion houses such as Balenciaga, Louis Vuitton, and Gucci have shifted gears to cater to the rise of luxury streetwear. But in 2019, Diego insisted to the Financial Times that Tod’s wouldn’t be exploring that route. In effect, they’re taking the 122-year-old company private. 

Banner photo from @tods on Instagram.

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