Chairman Diego Della Valle and his
brother Andrea have announced that they are launching an
operation to delist their luxury leather goods company 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 and values it at around 1.4 billion euros.
Diego Della Valle said he was "very satisfied" with the announced transaction, adding that "it will bring further benefits to the future development of the Tod's Group.
"At this time we we believe that leaving the Stock Exchange, which we have always had excellent relations with, is the most appropriate strategic decision," he said.
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