Home Business News Tod's shares failed to open, up 15%, after LVMH increased its stake

Tod’s shares failed to open, up 15%, after LVMH increased its stake


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© Reuters. FILE PHOTO: The shoes of Italian luxury shoemaker Tod’s displayed in the window of the company’s store in Zurich

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MILAN (Reuters) – Tod’s shares failed to start trading on Friday and were reported to rise 15%, after French LVMH agreed to increase its stake in Italian luxury goods group.

Tod’s said late Thursday that LVMH will buy a 6.8% stake from Tod’s founder and chairman Diego Della Valle, adding to the 3.2% stake in the group held by French billionaire Bernard Arnault. religion has owned.

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