Another privatisation bid for Tod's - footwearbiz: Leading site for gl

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Another privatisation bid for Tod's

15/02/2024

The Della Valle family, Tod's majority shareholder, along with L Catterton, a private equity firm backed by LVMH, is trying to take the Italian luxury shoemaker private for the second time in two years, Reuters reports.

L Catterton is offering to buy 36% of Tod's at €43 per share, with the aim of cutting management and listing costs and giving the firm "greater management and organisational flexibility, with faster decision-making." 

CEO Diego Della Valle will tender his 10.45% stake in the company to L Catterton, while retaining 54% of the company with his brother Andrea. 

LVMH will keep its 10% stake and L Catterton will own the remainder of Tod's if the tender offer is successful.


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