TOD'S S.p.A. (0NV4.IL)
| Previous close | 43.00 |
| Open | 43.02 |
| Bid | 42.14 x 0 |
| Ask | 43.90 x 0 |
| Day's range | 43.02 - 43.02 |
| 52-week range | 30.08 - 43.84 |
| Volume | |
| Avg. volume | 6,856 |
| Market cap | 1.542B |
| Beta (5Y monthly) | 0.87 |
| PE ratio (TTM) | 26.56 |
| EPS (TTM) | 1.62 |
| Earnings date | 12 Mar 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 20 May 2019 |
| 1y target est | N/A |
ReutersTod's set to leave Milan bourse as L Catterton offer succeeds
L Catterton, a private equity firm backed by French luxury group LVMH, said on Friday it succeeded in securing enough shares in luxury shoe maker Tod's to take it private in agreement with the Italian group's main shareholder, the Della Valle family. L Catterton said it had secured 8,656,066 shares following its bid for the Italian company, bringing its holding, together with the stakes held by the Della Valles and by LVMH, over the 90% threshold needed to delist the group. In addition to the eponymous brand, famous for its Gommino loafers, Tod's also owns the Roger Vivier shoe brand, as well as the Fay and Hogan labels.
ReutersTod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair. The offer, launched by the LVMH-backed private equity firm in agreement with Tod's controlling shareholder with the aim of taking the group private, started on Monday and will run until May 8. Tabor Asset Management said on Tuesday that the offer underestimates the value of Tod's brands and fails to recognise the progress the brands have made, it said in an open letter.
ReutersItalian luxury group Tod's reports 63% jump in operating profit
Italian luxury group Tod's said on Tuesday its operating profit rose to 94.7 million euros ($103.3 million) last year from 58.2 a year earlier, ahead of L Catterton's offer aimed at delisting the company. "The next few years will see us committed to the consolidation of individual brands, and this is also why we felt (it) strategically important to share this project with the L Catterton investment firm by leaving the Stock Exchange," founder and main shareholder Diego Della Valle said in a statement. L Catterton, the private equity group backed by France's LVMH, offered last month to buy 36% of the Italian luxury shoemaker and delist it, in agreement with the Della Valle family which created the company.
