Tod's splashes out 415m euros on Roger Vivier shoes
However, some analysts say the price for the profitable French brand looks expensive
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Billionaire Geiger is said to near US$7 billion L’Occitane buyout
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years