Tod’s Group sales up 19.4 percent to 286.2 million euros
Italian luxury house Tod’s, part of the Tod’s Group of brands, reported an increase of 13.7 per cent in its turnover for the first half of 2012 reaching a total of EUR 74.4 million. Consolidated sales were EUR 482.5 million, up 9.8 percent from its half year figures in 2011. In a statement the company reported outstanding results for Tod’s and Roger Vivier brands.
Tod’s sales totaled 286.2 million euros, up 19.4% compared to the previous year. The Hogan brand totaled 130.6 million euros in sales, compared to 148.3 millions euros, in the same period of 2011. In the first six months of 2012, Fay’s earnings totalled €32.5 millions, slightly dropping compared to the 35,4 euros millions of the prior year. Roger Vivier’s revenues more than doubled to 32.7 millions euros , a growth of 110.3 per cent.
“Consistently with our international expansion strategy, our Group continues to post outstanding results in the foreign markets, in particular in Asian and US markets. We are maintaining, and we will continue to maintain, the tight approach and the selective distribution strategy, which allow us to closely monitor all the markets, in particular the domestic one. Considering also customers’ increasing appreciation for our products, thanks to their quality and their nature of timeless icons, I’m confident that also the second half of the year will achieve good results and I can confirm our expectations to post a significant growth also this year.” said Diego Della Valle, CEO Tod’s Group