Italian luxury goods group Tod's warned it would be challenging to meet expectations of a 4 percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Italian luxury goods group Tod's is confident it can meet market expectations for a 5% rise in revenue this year and improve its core profit margin despite falling comparable store sales so far in 2016.
Italian luxury group Tod's reported an 18 percent fall in core profits on Thursday and said still weak Chinese consumer spending and cold weather in North America had also hit sales at the start of 2015.
The Italian luxury group is anticipating an increase in its activity in 2015. It is notably targeting the potential of Hogan and hopes to acquire the brand Roger Vivier, which it produces and distributes under license.