Trading in luxury brand Tod's yet to start

Business | 23 Apr 2021 3:14 pm

Shares in luxury brand Tod's failed to start trading at open on Friday in Milan, and were indicated up by 15 percent, after France's LVMH agreed to raise its stake in the Italian group, Reuters reports.

Tod's said late on Thursday that LVMH would buy a 6.8 percent holding from Tod's founder and Chairman Diego Della Valle, adding to a 3.2 percent stake which the group led by French billionaire Bernard Arnault already owns.

 



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