Jump to content

Tod's: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Links to Hong Kong, Madrid
No edit summary
Line 5: Line 5:
| logo_upright = 0.5
| logo_upright = 0.5
| image = Madrid - Tod's (José Ortega y Gasset 19) 1.jpg
| image = Madrid - Tod's (José Ortega y Gasset 19) 1.jpg
| image_caption = Tod's boutique in [[Madrid]], Spain, 2018.
| image_caption = Tod's boutique in [[Madrid]], Spain, 2018
| type = [[Società per azioni]] (S.p.A.)
| type = [[Società per azioni]] (S.p.A.)
| traded_as = {{ISE|IT0003007728|TOD}}
| traded_as = {{ISE|IT0003007728|TOD}}
Line 28: Line 28:
'''Tod's S.p.A.''' is an Italian luxury [[Fashion design|fashion house]] specialized in apparel, footwear, and related accessories headquartered in [[Marche|Marche, Italy]]. Its core branding includes an oval nameplate framed by two [[Lion (heraldry)|Lion heads]], and a signature brown and orange color-way. The company is an influencer in the ''[[Sprezzatura]]'', or Italian "casual chic", fashion movement. Its signature products are pebble-sole “Gommino” [[Racing shoes|driving shoes]], leather ([[suede]]) [[Slip-on shoe|loafers]], and handbags.<ref>{{Cite news |date=2014-08-06 |title=Tod's moves on from cozy loafers in bid to recover sales |language=en |work=Reuters |url=https://www.reuters.com/article/us-tods-revamp-idINKBN0G609Y20140806 |access-date=2023-10-28}}</ref><ref name=":2">{{Cite news |last=Ball |first=Deborah Ball |date=2000-11-01 |title=Tod's Hopes to Grow Brand With Initial Public Offering |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB973026670118263120 |access-date=2023-10-28 |issn=0099-9660}}</ref>
'''Tod's S.p.A.''' is an Italian luxury [[Fashion design|fashion house]] specialized in apparel, footwear, and related accessories headquartered in [[Marche|Marche, Italy]]. Its core branding includes an oval nameplate framed by two [[Lion (heraldry)|Lion heads]], and a signature brown and orange color-way. The company is an influencer in the ''[[Sprezzatura]]'', or Italian "casual chic", fashion movement. Its signature products are pebble-sole “Gommino” [[Racing shoes|driving shoes]], leather ([[suede]]) [[Slip-on shoe|loafers]], and handbags.<ref>{{Cite news |date=2014-08-06 |title=Tod's moves on from cozy loafers in bid to recover sales |language=en |work=Reuters |url=https://www.reuters.com/article/us-tods-revamp-idINKBN0G609Y20140806 |access-date=2023-10-28}}</ref><ref name=":2">{{Cite news |last=Ball |first=Deborah Ball |date=2000-11-01 |title=Tod's Hopes to Grow Brand With Initial Public Offering |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB973026670118263120 |access-date=2023-10-28 |issn=0099-9660}}</ref>


Founded in 1920 by Filippo Della Valle as a [[Shoemaking|shoe cobbler]], his grandson, Diego, commercialized the family business and launched their flagship store in their hometown. They expanded across Europe and the U.S. during the 1970s, reaching mainstream distribution during the 1980s and 1990s. During this time, Tod's was popularized by Hollywood celebrities, European royals, including [[Diana, Princess of Wales|Diana, Princes of Wales]], and corporate executives in New York.
Founded in 1920 by Filippo Della Valle as a [[Shoemaking|shoe cobbler]], his grandson, Diego, commercialized the family business and launched their flagship store in their hometown. They expanded across Europe and the U.S. during the 1970s, reaching mainstream distribution during the 1980s and 1990s. During this time, Tod's was popularized by Hollywood celebrities, European royalty, including [[Diana, Princess of Wales]], and corporate executives in New York.


The company is majority controlled by the founding [[Diego Della Valle|Della Valle family]]. Its use of private financing throughout the 1990s saw to its listing on the [[Borsa Italiana|Milan Stock Exchange]] in 2000, at a valuation of €1.2 billion. In 2021, French fashion conglomerate [[LVMH|Moët Hennessy Louis Vuitton]] (LVMH) raised its investment in the group from 3.2% to 10%. The family attempted to delist and privatize Tod's in 2022 at a valuation of €1.32 billion but did not secure the required 90% control threshold. Tod's reported an annual revenue of €883 million in 2021, with a market value of €1.6 billion as of year-end.
The company is majority controlled by the founding [[Diego Della Valle|Della Valle family]]. Its use of private financing throughout the 1990s saw to its listing on the [[Borsa Italiana|Milan Stock Exchange]] in 2000, at a valuation of €1.2 billion. In 2021, French fashion conglomerate [[LVMH|Moët Hennessy Louis Vuitton]] (LVMH) raised its investment in the group from 3.2% to 10%. The family attempted to delist and privatize Tod's in 2022 at a valuation of €1.32 billion but did not secure the required 90% control threshold. Tod's reported an annual revenue of €883 million in 2021, with a market value of €1.6 billion as of year-end.

Revision as of 21:36, 28 October 2023

Tod's S.p.A.
Company typeSocietà per azioni (S.p.A.)
BIT: TOD
ISINIT0003007728 Edit this on Wikidata
IndustryFashion
Founded1920; 104 years ago (1920)
FounderFilippo Della Valle
Headquarters
Sant'Elpidio a Mare
,
Italy
Key people
Diego Della Valle (Chairman and CEO)
ProductsLuxury goods
RevenueIncrease €883 million (2021)[1]
Increase €24 million (2021)[1]
Increase −€5.9 million (2021)[1]
Total assetsDecrease €1.994 billion (2021)[1]
Total equityDecrease €998 million (2021)[1]
OwnerDella Valle family (64.4%)[2]
Number of employees
4,746 (2021)[1]
ParentTod's Group
Websitetods.com todsgroup.com

Tod's S.p.A. is an Italian luxury fashion house specialized in apparel, footwear, and related accessories headquartered in Marche, Italy. Its core branding includes an oval nameplate framed by two Lion heads, and a signature brown and orange color-way. The company is an influencer in the Sprezzatura, or Italian "casual chic", fashion movement. Its signature products are pebble-sole “Gommino” driving shoes, leather (suede) loafers, and handbags.[3][4]

Founded in 1920 by Filippo Della Valle as a shoe cobbler, his grandson, Diego, commercialized the family business and launched their flagship store in their hometown. They expanded across Europe and the U.S. during the 1970s, reaching mainstream distribution during the 1980s and 1990s. During this time, Tod's was popularized by Hollywood celebrities, European royalty, including Diana, Princess of Wales, and corporate executives in New York.

The company is majority controlled by the founding Della Valle family. Its use of private financing throughout the 1990s saw to its listing on the Milan Stock Exchange in 2000, at a valuation of €1.2 billion. In 2021, French fashion conglomerate Moët Hennessy Louis Vuitton (LVMH) raised its investment in the group from 3.2% to 10%. The family attempted to delist and privatize Tod's in 2022 at a valuation of €1.32 billion but did not secure the required 90% control threshold. Tod's reported an annual revenue of €883 million in 2021, with a market value of €1.6 billion as of year-end.

History

Tod's light leather moccasins, 2021

Filippo Della Valle started the shoemaking business out of his family home in the late 1920s. Diego Della Valle, the elder son of Dorino, and a grandson of Filippo, expanded the workshop and turned it into a factory that started manufacturing shoes in the 1970s.[5] As they grew in popularity during the 1980s, Diego brought in nascent marketing strategies, such as influencer marketing, to broaden their consumer base, starting with Yasmin Le Bon in 1998.[6][7] Diego named the company J.P. Tod's in 1978, later dropping the "J.P." in 1999 after the brand became inadvertently known as solely "J.P.'s" instead of the preferred Tod's.[8][9] He selected the name from a Boston, Massachusetts phonebook in an effort to Americanize the Italian brand and court high-end consumers in New York.[10][8] They introduced the “Gommino” leather (suede) loafers in 1979 and their signature handbag collection in 1980.

In an effort to diversify the family's business interests, they launched two sister brands, Fay (in 1986) and Hogan (in 1988).[11][12] The former was overseen by Diego son Emanuele, who appointed Karl Lagerfeld as a designer for a handful of collections.[13][14] Tod's subsequently bought 60% of Roger Vivier, the French shoemaker known for the stiletto heel, in 1995.[15] By late 1990s, Diego turned over the day-to-day operation of the business to Andrea, his younger brother.[16] Time described their family dynamic in 2006 with: "Andrea plays the goalie to Diego's striker, the introverted, behind-the-scenes power broker to Diego's extroverted, genial public persona."[17] Tod's sales increased from from €220 million in 2000 to €371 million in 2003.[18] Tod's went public in November 2000, listing on the Milan Stock Exchange at a valuation of €1.2 billion.[4] Tod’s was one of the few luxury companies worldwide to increase sales and profits through the 2007–2008 financial crisis, with profit growing from €83 million in 2008 and €86 million in 2009.[19] During the crisis they launched their eyewear line, entering into a licensing agreement with Marcolin Group for optical frames and sunglasses.[20]

In 2014, Tod’s teamed up with Japanese design studio Nendo to create the “Envelope Boat Shoe”, a rubber-soled slip-on.[21] In November 2015, Tod's acquired further stock in the Roger Vivier shoe brand for €415 million. It had previously owned a 57.5% stake, now up to 60.7%.[22] In January 2017, Italian businessman Andrea Bonomi – through his Strategic Capital fund – took a 3 percent stake in Tod’s to support its long-term growth.[23] In late 2017, the group launched a new business model dubbed Tod’s Factory to reverse falling sales and refresh its namesake brand, offering new products and more frequent collections, backed by significant marketing investment.[24][25] As part of Tod’s Factory, it launched the “Tod’s X Mr Porter” menswear capsule collection for Yoox Net-a-Porter in a bid to increase its reach to online customers.[26][27]

Corporate affairs

A Tod's store front in Hong Kong, 2009

From 2019, Diego Della Valle started buying more Tod’s shares as they came under pressure due to sliding sales, increasing his ownership to 81.2%.[28] In early 2021, LVMH raised its investment in the group from 3.2% to 10%.[29] In May 2021, the market value of Tod's was €1.6 billion.[15][30] In 2022, Della Valle and his brother Andrea offered to buy out other investors at €40 a share for up to €338 million ($344 million) – valuing the company at €1.32 billion ($1.3 billion) – and to de-list the company via a merger with their holding company DeVa Finance.[31] By September 2022, the Italian Companies and Exchange Commission (CONSOB) approved the proposed buyout.[32] The Della Valle family abandoned its plans for a buyout of the group, after failing to reach the 90% ownership threshold needed to take it private.[33]

Sponsorship

In September 2010 Tod’s bestowed $350,000 on Milan’s La Scala theater; a $7.4 million gift followed in June 2011.[34] In 2011, Tod’s emerged as the only private sponsor willing to fund the restoration of Rome’s Colosseum, after a tender fell through; the agreement granted the company exclusive rights to the Colosseum’s logo and images for 15 years in exchange for €25 million ($31.99 million).[35] Tod’s suspended the agreement pending the outcome of two judicial inquiries and a probe by Italy’s antitrust competition authority into the deal, triggered by complaints by the Italian Labour Union (UIL) and Codacons, a consumer organization.[36][37]

Creative directors

See also

References

  1. ^ a b c d e f "press release 2022 03 10" (PDF). todsgroup.com. Retrieved 10 March 2022.
  2. ^ "Investor Relations - Shareholders". todsgroup.com. Retrieved 10 March 2022.
  3. ^ "Tod's moves on from cozy loafers in bid to recover sales". Reuters. 2014-08-06. Retrieved 2023-10-28.
  4. ^ a b Ball, Deborah Ball (2000-11-01). "Tod's Hopes to Grow Brand With Initial Public Offering". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-10-28.
  5. ^ Alderman, Liz (2010-10-08). "A Shoemaker That Walks but Never Runs". The New York Times. ISSN 0362-4331. Retrieved 2020-03-31.
  6. ^ Anne-Marie Schiro (25 August 1998), Expansion at J. P. Tod's New York Times.
  7. ^ Marcy Medina (1 August 2008), Tod’s in Tinseltown W.
  8. ^ a b Yorker, The New (2004-05-02). "Shoe Dreams". The New Yorker. ISSN 0028-792X. Retrieved 2023-10-28.
  9. ^ Sheryl Garratt (16 October 2011), Diego Della Valle of Tod's: king of loafers The Daily Telegraph.
  10. ^ Alderman, Liz (October 8, 2010). "A Shoemaker That Walks but Never Runs". The New York Times. Retrieved October 28, 2023.
  11. ^ Giulia Segreti (14 July 2017), Designers for Fay label leave Tod's luxury group Reuters.
  12. ^ Giulia Segreti (24 February 2018), Italy's Fay marks new departure with designer Arthur Arbesser Reuters.
  13. ^ Suzy Menkes (17 March 2010), Lagerfeld to Help Tod’s With Its Hogan Brand New York Times.
  14. ^ Suzy Menkes (17 March 2010), Lagerfeld to Help Tod’s With Its Hogan Brand New York Times.
  15. ^ a b "The future of Tod's". Vogue Business. 21 May 2021. Retrieved 2021-06-27.
  16. ^ Anne-Marie Schiro (27 April 1999), An Empire of Leather Goods Still Driven by a Driving Shoe New York Times.
  17. ^ Betts, Kate (2006-03-08). "Driving Force: Diego Della Valle". Time. ISSN 0040-781X. Retrieved 2023-10-28.
  18. ^ Yorker, The New (2004-05-02). "Shoe Dreams". The New Yorker. ISSN 0028-792X. Retrieved 2023-10-28.
  19. ^ Liz Alderman (8 October 2010), A Shoemaker That Walks but Never Runs New York Times.
  20. ^ Meliado, Edorado (2018-07-05). "Tod's renews eyewear licence with Marcolin until 2023". Fashion Network. Retrieved 2022-09-03.
  21. ^ Isla Binnie (6 August 2014), Tod's moves on from cozy loafers in bid to recover sales Reuters.
  22. ^ "Tod's splashes out $440 million on Roger Vivier shoes". Reuters. 23 November 2015.
  23. ^ Valentina Za and Massimo Gaia (11 January 2017), Italy's Bonomi takes 3 pct stake in Tod's, shares soar Reuters.
  24. ^ Vanessa Friedman (9 July 2019), Alber Elbaz Makes a Happy Return New York Times.
  25. ^ Claudia Cristoferi (20 September 2019), Tod's chief says Hong Kong unrest factored in, turnaround taking effect Reuters.
  26. ^ Nicole Phelps (25 September 2018), Tod’s Makes Alessandro Dell’Acqua Its First Tod’s Factory Collaborator Vogue.
  27. ^ Giulia Segreti (17 June 2017), Tod's launches men's capsule collection for YNAP's Mr Porter Reuters.
  28. ^ Valentina Za (20 August 2019), Tod's founder Della Valle further raises voting stake to 81.2% Reuters.
  29. ^ "LVMH ups Tod's stake as footwear brands surge back into fashion". Fortune. Retrieved 2021-06-27.
  30. ^ Zargani, Luisa (2021-05-12). "China, Roger Vivier and E-commerce Boost Tod's Group in Q1". WWD. Retrieved 2021-06-27.
  31. ^ Agnieszka Flak and Valentina Za (26 October 2022), Tod's founders scrap buyout, mull next step as shares fall Reuters.
  32. ^ Francesca Landini (21 September 2022), Italy's market watchdog approves bid to take Tod's private Reuters.
  33. ^ Agnieszka Flak and Valentina Za (26 October 2022), Tod's founders scrap buyout, mull next step as shares fall Reuters.
  34. ^ Andrea Lee (1 September 2011), The Tycoon Next Door W.
  35. ^ Catherine Hornby and Andrew Roche (2 December 2010), Tod's CEO offers to fund Colosseum repair work Reuters.
  36. ^ Guy Dinmore (12 January 2012), Tod’s puts Colosseum agreement on hold Financial Times.
  37. ^ Antonella Ciancio (12 January 2012), Luxury shoemaker threatens to quit Colosseum repair Reuters.
  38. ^ Eric Wilson (9 June 2005), Picking Up the Pace New York Times.
  39. ^ Merle Ginsberg (12 March 2012), More Designer Musical Chairs: Derek Lam is Leaving Tod’s Hollywood Reporter.
  40. ^ Italy's Tod's hires former Gucci designer Facchinetti Reuters, 20 February 2013.
  41. ^ Isla Binnie (20 June 2014), Tod's hires designer Incontri to make strides beyond footwear Reuters.
  42. ^ Elisa Anzolin (12 July 2023), Tod's creative director Walter Chiapponi to step down Reuters.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Tod%27s&oldid=1182365051"