{"id":213671,"date":"2022-08-03T17:00:16","date_gmt":"2022-08-03T16:00:16","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=213671"},"modified":"2022-08-03T19:20:54","modified_gmt":"2022-08-03T18:20:54","slug":"tods-owners-consider-taking-1-billion-company-private","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/tods-owners-consider-taking-1-billion-company-private\/","title":{"rendered":"Tod's owners consider taking \u00a31billion company private"},"content":{"rendered":"
The founding family of Italian luxury shoemaker Tod's<\/a><\/span> are weighing up plans to delist the Group from the Italian Stock Exchange and take it private again.<\/strong><\/p>\n The Della Valle brothers are reportedly planning to buy out out other investors for up to \u00a3282 million (\u20ac338 million). The move is expected to boost its business by managing its diverse brands separately.<\/p>\n In a statement, Diego and Andrea Della Valle said their holding company would offer to buy Tod's shares at \u20ac40 each, a 20.4% premium to Tuesday's closing price, valuing the company at \u00a31 billion (\u20ac1.32 billion).<\/p>\n The offer is equal to the price the company set at the time of its initial public offering back in 2000.<\/p>\n The brothers, who directly and indirectly hold a 64.45% stake in Tod's<\/a>, will launch the bid for a further 25.55% of the company's shares through their joint holding company DeVa Finance S.r.l.<\/p>\n