MILAN, March 12 (Reuters) - 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 shoe maker's earnings before interest and taxes (EBIT)
was above the 88-million-euro analysts' forecast in a
company-provided consensus.
Sales rose by 11.9% to 1.13 billion euros last year, boosted
by China and despite slower growth in the last quarter,
preliminary data released in January showed.
"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.
Since the offer's announcement on Feb 10, L Catterton has
already bought on the market Tod's shares corresponding to
around 7.4% of the company's capital.
In the last month Tod's shares have been trading around 43
euros, the price offered by L Catterton.
Italian market watchdog Consob is examining the offer
prospectus.
($1 = 0.9164 euros)
(Reporting by Elisa Anzolin, editing by Alvise Armellini and
Keith Weir)
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (46.7%): brands such as Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, etc.;
- watches and jewels (13%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (10.1%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo, Givenchy brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (6.6%): champagnes (Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining net sales (23.6%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2025, products are marketed via a network of 6,283 outlets located throughout the world.
Net sales are distributed geographically as follows: France (8.3%), Europe (18%), Japan (7.9%), Asia (26.5%), the United States (25.6%) and other (13.7%).
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