Home » Tod’s: LVMH buys 2.25 million shares and rises to 10%

Tod’s: LVMH buys 2.25 million shares and rises to 10%

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A surprise announcement, which arrived with closed stock exchanges: LVMH, the largest luxury group in the world, rises in Tod’s shareholding, tripling its stake from 3.2% it held to 10%. The agreement was signed between Diego Della Valle & C., srl controlled by the entrepreneur, and Delphine sas, wholly owned by LVMH, a company listed in Paris of which Bernard Arnault, as well as founder, is president and CEO. The operation, which will be carried out on April 28th, foresees …

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