Presentation of the Tod’s fall-winter 2023/2024 collection, in Milan
L Catterton, a private equity company backed by the French luxury group LVMH, announces a public purchase offer for the shares of Tod’s in agreement with the Della Valle family, majority shareholder of the Italian group, with a view to delisting the stock .
L Catterton specifies, in a press release published on Saturday evening, that it is aiming to acquire 36% of the capital of Tod’s, for a total of 512 million euros. It says it is offering 43 euros ($46.36) per share, a premium of 17.6% compared to the closing price on Friday.
Under the terms of the agreement, Diego Della Valle would transfer 10.45% of the company to L Catterton, with the Della Valle family retaining 54%. LVMH would keep 10%.
(Report Francesca Landini and Elisa Anzolin, French version Sophie Louet)