A strong performance of the Tod's brand and of the leather goods category boosted the Italian luxury group's revenues. As per, Diego Della Valle, chairman and CEO, commented positively: “It is even more important to see the quality of these numbers: the growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results in all product categories,” Della Valle said. We are pleased to note that our customers are increasingly appreciating the very high quality of our products, their craftsmanship and their iconic Italian lifestyle with a strong creative value.” Interesting that overall organic growth was positive and the e-commerce channel also registered positive results, boosted by the group’s digital investments.
Tods is a family-owned business which started with Filippo Della Valle who operated a shoe-making business out of a basement in the late 1920s. Diego Della Valle, the elder son of Dorino Della Valle and a grandson of Filippo Della Valle, expanded the workshop and turned it into a factory that started manufacturing shoes for American department stores in the 1970s. Diego brought in innovative marketing strategies in the early 1980s, kept the handmade manufacturing process and went on to create brands of lifestyle named Tod's, Hogan and Fay. The Della Valle family, which owns the luxury maker, also has stakes in RCS MediaGroup, the football team Fiorentina and other companies. All members of the family were born in the middle Italian region of Marche, and many of them continue to reside there.