Tod’s reports excellent results for 2011
Despite a difficult economic context, the Italian luxury group TOD’S posted sales up 13.7%, for a total turnover reaching nearly 894 million euros (instead of 787 million in 2010). The group’s leading brand Tod’s, which represents more than half of sales in 2011 registered a growth increase in sales of nearly 20% (487 million) in 2011.
Hogan, the group’s second largest brand, accounting for one third of the activity, has had a more timid growth of 4.7% (or 281 million euros), penalized by the Italian economy according, to the group. The Italian economy also would explain the negative result for Fay (another Tod’s Group brand), -2% (88 million). Finally Roger Vivier, made â€‹â€‹leaps in 2011, increasing its turnover by almost 68%, to 36.5 million euros. Even if this share further, the group sees the confirmation of its potential.