Diego Della Valle steps aside and hands over the reins of Tod’s to his brother Andrea
The chairman and CEO of the Italian footwear group has stated in a public event that “he will hand over soon the management of the company,” in a structure led by his brother Andrea.
Diego Della Valle paves the way for his succession at the forefront of Tod’s. The chairman and CEO of the Italian group has stated in a public event at the Marche Polytechnic University in Alcona (Italy) that he “will have hand over soon the management of the company to our executive team: my brother Andrea will be the head of this new structure", as reported by PambiancoNews.
When asked about his future role at Tod's, he’s answered that his function will be “to review all strategies, any good idea to proof that we can still teach something.” In connection with the CEO of the company since last December, Umberto Macchi di Cellere, Della Valle said that they were not only looking for management skills, but also “a man who, when joining the company, remembers that there are people with children, grandparents; worthy people that trust him.”
In early 2018, Tod’s decided to redefine its strategy by adding more speed through the Factory project. The initiative includes the launch of more collections throughout the year in collaboration with different designers.
The Tod's group, which also owns the Hogan, Roger Vivier and Fay brands, ended the first quarter of 2018 with sales of 226.1 million euros, 5.2% less than in the same period of 2017. By the end of this period, the company had 276 own-operated stores and 118 franchises around the world.
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