Tod’s chairman Diego Della Valle said leaving the stock exchange “is the most appropriate strategic choice” and would “provide further benefits to the future development of Tod’s Group, built through continuous investments and challenging goals”.
The deal would deepen Mr Della Valle’s ties with LVMH, where he is a board member. The conglomerate already controls Italian luxury brands such as Bulgari, Fendi and Loro Piana.
JPMorgan Chase is advising L Catterton on the deal, while the majority shareholders are working with Bank of America.
Bloomberg
