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The transalpine group specializing in footwear and fashion has reached one billion euros in 2022. This is thanks to the currency effect but also, it explains, to its ambitious strategy.
The group led by Diego Della Valle has walked a very good step in 2022. The owner of the famous eponymous moccasin brand, but also of the shoe and/or ready-to-wear and couture houses Roger Vivier, Hogan, Fay and Schiaparelli, announced yesterday, Wednesday, a preliminary consolidated turnover of 1 billion euros. This represents a 14% increase over 2021, when sales reached 883.8 million euros. At constant exchange rates, revenues are even up 11% to 984.2 million euros, compared to last year.
The excellent news is that Tod’s has thus exceeded the pre-pandemic level of 2019 by 10%. This good performance was welcomed by the stock market, with Tod’s shares closing in the green on Wednesday, up 0.4% to 32.38 euros.
Currency effect
In more detail, the currency effect favored the group’s most international brands, namely Tod’s and Roger Vivier.
In addition to this economic factor, Diego Della Valle, the group’s president and CEO, sees in these results “the fruit of the medium-term strategy” that Tod’s has launched with “the main objective of increasing the value of the group’s assets and of each individual brand, by allocating all the necessary investments“. His team and are pleased to note that “customers increasingly appreciate the high quality” of the group’s products, “their craftsmanship and iconic Italian lifestyle with a strong creative value“.
Encouraged by this great momentum, the group will continue “the policy of developing the distribution network, with the opening of new selected stores also in new markets“, and carefully improve organic growth. And it develops “increasingly” its “marketing and communication team, with emphasis on the digital world, in order to “get closer to young customers“.
Diego Valle also sees 2023 in pink. “Given the excellent start to the season in our stores and the strong order book for the coming season, we are very confident about the future results of the group,” he said.
Read also >Tod’s: the takeover bid by the Della Valle family approved by Consob
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The transalpine group specializing in footwear and fashion has reached one billion euros in 2022. This is thanks to the currency effect but also, it explains, to its ambitious strategy.
The group led by Diego Della Valle has walked a very good step in 2022. The owner of the famous eponymous moccasin brand, but also of the shoe and/or ready-to-wear and couture houses Roger Vivier, Hogan, Fay and Schiaparelli, announced yesterday, Wednesday, a preliminary consolidated turnover of 1 billion euros. This represents a 14% increase over 2021, when sales reached 883.8 million euros. At constant exchange rates, revenues are even up 11% to 984.2 million euros, compared to last year.
The excellent news is that Tod’s has thus exceeded the pre-pandemic level of 2019 by 10%. This good performance was welcomed by the stock market, with Tod’s shares closing in the green on Wednesday, up 0.4% to 32.38 euros.
Currency effect
In more detail, the currency effect favored the group’s most international brands, namely Tod’s and Roger Vivier.
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The transalpine group specializing in footwear and fashion has reached one billion euros in 2022. This is thanks to the currency effect but also, it explains, to its ambitious strategy.
The group led by Diego Della Valle has walked a very good step in 2022. The owner of the famous eponymous moccasin brand, but also of the shoe and/or ready-to-wear and couture houses Roger Vivier, Hogan, Fay and Schiaparelli, announced yesterday, Wednesday, a preliminary consolidated turnover of 1 billion euros. This represents a 14% increase over 2021, when sales reached 883.8 million euros. At constant exchange rates, revenues are even up 11% to 984.2 million euros, compared to last year.
The excellent news is that Tod’s has thus exceeded the pre-pandemic level of 2019 by 10%. This good performance was welcomed by the stock market, with Tod’s shares closing in the green on Wednesday, up 0.4% to 32.38 euros.
Currency effect
In more detail, the currency effect favored the group’s most international brands, namely Tod’s and Roger Vivier.
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