Tod's splashes out 415m euros on Roger Vivier shoes

Milan

ITALIAN luxury goods group Tod's has agreed to buy the prestigious Roger Vivier shoe brand from Tod's biggest shareholder for 415 million euros (S$626 million), a price which some analysts said looked expensive.

Tod's, controlled by Italy's Della Valle family, produces and sells Roger Vivier shoes in return for royalty payments under a licensing agreement due for renewal next year.

Management had previously said that it was determined not to lose the rights to the profitable French brand, famous for its b…