The Italian fashion’s group CEO, Umberto Macchi di Cellere, has left. He has been replaced by president and vice-president Diego and Andrea Della Valle, who have hired Simona Cattaneo as Tod's new general manager.
The couture house owned by Diego Della Valle is launching its first store outside of its "Salons Boutique" on Paris' Place Vendôme. The new location will open in New York's Bergdorf Goodman on October 12.
Stefano Della Valle, COO of CGE, has been appointed CEO of the Central Group’s subsidiary that runs its European department stores (Rinascente, The Kadewe Group, Magazine Zum Globus and Illum) and its property portfolio.
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.
On Friday, the share price of Tod’s on the Milan Stock Exchange was strongly on the upswing, the market saluting the appointment of Chiara Ferragni to the group’s board as Tod’s aims to appeal to a younger audience.