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

However, some analysts say the price for the profitable French brand looks expensive

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Published Mon, Nov 23, 2015 · 09:50 PM

    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.

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