Tod’s and Valentino show confidence in future outlook
Diego Della Valle, CEO of Tod’s group which owns Tod’s, Hogan, Roger Vivie and Fay brands declared on Monday this week that if the trend continues, the company will beat full-year forecasts and end 2009 with better results than 2008. As of June 2009, the group’s net financial position was positive and equal to EUR 100 million, almost double from the same period last year.
Earlier this week, Valentino Fashion Group CEO Stefano Sassi stated that the returns on wholesale for Spring/Summer 2010 collection are higher those for the Fall 2009 collection. He also added that the commercial feedback for the Spring 2010 collection has been much better than expected, also due to the positive critical response to the collection created by new designers Maria Grazia Chiuri and Pier Paolo Piccioli.