Tod's SpA (TOD.MI)
18 Jan 2018
Latest Key Developments (Source: Significant Developments)
Italian luxury group Tod's says: revenues in the first half of the year stood at 497.6 million euros, down 3.4 percent from last year . same store sales at constant exchange rates were down by 14.3 percent in the first six months of the year . Chief Executive Diego Della Valle says development plan for the group continues, primary goal is to improve organic growth Further company coverage: [TOD.MI] (Reporting by Milan newsroom). Full Article
Tod's: Shares fall 4.9 percent after results . On Wednesday the group said Q1 sales fell due to weaker demand in China and shrinking tourist spending [ID:nL5N1886II] Further company coverage: [TOD.MI] (Reporting by Milan newsroom). Full Article
MILAN, Nov 7 Tod's chairman and majority owner Diego Della Valle is starting to consider his future role in the company, after the Italian luxury group made a surprise appointment of a new CEO, sources familiar with the matter said on Tuesday.