LVMH Increases Stake in Tod’s - SolidRumor.com

LVMH Increases Stake in Tod’s

 LVMH Increases Stake in Tod’s

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

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

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

By Kanishka Singh

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