LVMH, Tod's Looking at Doing 'Something Together' -Reuters
--French luxury-goods group LVMH Moet Hennessy Louis Vuitton SE
and Tod's SpA are considering doing "something together," the
latter's chairman said during an online conference Thursday,
Reuters reports, a week after LVMH increased its share holding in
the Italian footwear company.
--The stake increase "was pretty symbolic but the idea is to see
whether we can do something together, we would be happy to do so,"
Tod's Chairman Diego Della Valle said, according to Reuters.
--Analysts have speculated that LVMH could be interested in a
takeover of Tod's in the longer term, or that the stake increase
could be a precursor to the smaller company going private.
Full story: https://reut.rs/3aQ53hH
Write to Barcelona editors at firstname.lastname@example.org
(END) Dow Jones Newswires
April 29, 2021 09:31 ET (13:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.