After 24 years since its listing and following a financial process that began last February, the Tod’s Group is now preparing to bid farewell to the deposito market. Thanks to the approval of Consob, with a price of 43 euros, the Italian group led by Diego Della Valle will leave the centro Affari listings on the 7th of […]
The decision to delist from the deposito market comes as a strategic move for Tod’s, as it aims to focus on its long-term growth and development plans. This move is also in line with the company’s vision to maintain its position as a leading luxury brand in the global market.
The decision to delist was made after careful consideration and evaluation of the current market conditions and the company’s future goals. Tod’s has been facing challenges in recent years, with a decline in sales and profits due to the impact of the COVID-19 pandemic. However, the company has remained resilient and has continued to invest in its brand and products, ensuring its long-term sustainability.
The delisting process began in February, when Tod’s announced its intention to buy back its shares from the deposito market. This move was met with positive reactions from investors, with the share price rising by 12% after the announcement. The buyback process was completed in June, with Tod’s acquiring 10% of its shares from the market.
The final step in the delisting process was obtaining the approval of Consob, the Italian securities market regulator. This approval was granted on the 7th of September, paving the way for Tod’s to officially leave the deposito market.
The delisting of Tod’s from the deposito market marks the end of an era for the company, but it also opens up new opportunities for growth and development. By delisting, Tod’s will have more flexibility in its decision-making process and will be able to focus on its long-term strategies without the pressure of meeting quarterly expectations.
Diego Della Valle, the chairman and CEO of Tod’s, expressed his satisfaction with the delisting process, stating that it will allow the company to “better manage the business in the medium and long term, with a view to creating value for all stakeholders.”
The decision to delist from the deposito market has also been met with positive reactions from industry experts and analysts. Many believe that this move will allow Tod’s to focus on its core business and strengthen its brand positioning in the luxury market.
Tod’s has a rich history and a strong brand identity, known for its high-quality craftsmanship and timeless designs. With the delisting, the company will have the opportunity to further enhance its brand and expand its global reach.
In conclusion, the delisting of Tod’s from the deposito market marks a new chapter for the company, one that is filled with potential and opportunities for growth. With a clear vision and a strong brand, Tod’s is well-positioned to continue its success story and maintain its position as a leading luxury brand in the global market.
