Tod’s CEO confident of “significant growth”
14/11/2012
The owner of Tod's, Hogan, Fay and Roger Vivier brands said global sales grew 7.3% to €749.9 million during the first nine months of the year.
Sales at Tod’s totalled €435 million in the period, up 16.9% from last year. “This performance is even more noteworthy if we consider the tough comparison basis. The brand achieved excellent results in all its product categories,” said the company.
Across the group, total revenue for shoes totalled €555.2 million, up 9.8% compared with the same period last year.
Diego Della Valle, chairman and CEO of the Group, commented: “Our group’s sales continued to grow, thus confirming the success of our products, which are more and more appreciated in all markets for their quality and exclusivity, not linked to fashion trends. Given the solid growth rate of Tod’s brand and of our retail network, and the still tough economic situation in Italy, we deemed wise and prudent to adopt a very cautious approach in this market and to be even more selective with the wholesale distribution. We are receiving excellent results from our direct distribution network, which registered a further acceleration of the organic growth with the start of the Fall Winter season. Therefore, I’m confident that our group will post a significant growth this year.”
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