Tod's Chairman Diego Della Valle on
Friday rejected suggestions that the operation launched recently
to delist the luxury leather goods company is aimed at selling
it further down the line.
"We don't need to sell anything, we have a family business with
young people who want to do this job, what could be better...?"
said Della Valle on the sidelines of the Tod's fashion show in
Milan.
Earlier this month Della Valle and his brother Andrea announced
that they were launching an operation to delist Tod's, along
with the private equity fund L Catterton.
The offer of 43 euros per share is the second attempt to take
the company private in under two years in a transaction valuing
it at around 1.4 billion euros.
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