The founder and CEO of Italian luxury group Todâs, Diego Della Valle, said on Friday his family has no plans to sell the company after the delisting operation via private equity firm L Catterton.
âWe donât have to sell anything, we have a family business with young people who want to do this job, what can be better than thatâ, Della Valle said on the sidelines of the Milan Fashion Week.
By Elisa Anzolin; Editor: Alvise Armellini
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Todâs Group to Go Private in Deal with L Catterton
Ties run deep between the Della Valle family that controls Todâs and L Catterton backer LVMH. The delisting could allow Todâs to invest heavily in promoting its brands while cleaning up distribution away from the scrutiny of public markets.
