Tod's to Go Private in €1.4 Billion Deal with L Catterton, Backed by LVMH

The Italian luxury brand's move to delist from the Milan Stock Exchange follows a successful bid, aiming for greater flexibility and growth.

Tod's shares surged 18% following the announcement of the deal to go private, with a tender offer for 36% of its shares at €43 each.
The deal, valued at about €1.4 billion, marks a new attempt to take Tod's private after a failed bid in 2022.
L Catterton, backed by LVMH, aims to acquire a significant stake, enhancing Tod's strategic positioning in the luxury market.
The Della Valle family, founders of Tod's, will retain a majority ownership, emphasizing the deal's strategic importance for future growth.
Analysts view the move as a positive signal for the luxury sector, potentially sparking further mergers and acquisitions.