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Tod's chairman denies speculation of group's possible sale

Published 10/16/2018, 06:30 AM
Updated 10/16/2018, 06:40 AM
© Reuters. A shopping bag from the luxury brand Tod's is seen along Rodeo Drive in Beverly Hills
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MILAN (Reuters) - The chairman of luxury company Tod's (MI:TOD) Diego Della Valle denied speculation over the possible sale of the group, whose majority is owned by his family.

An Italian newspaper reported on Monday that Della Valle had started the reorganization of the family's holding companies and that the move could pave the way to a future sale of the group.

© Reuters. A shopping bag from the luxury brand Tod's is seen along Rodeo Drive in Beverly Hills

The Della Valle family currently owns just over 60 percent of the Tod's group, known for its Gommino shoes and leather accessories, through two separate holding companies.

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