FashionTod’s Group Appoints John Galantic CEO

Tod’s Group Appoints John Galantic CEO

-

spot_img

[ad_1]

Tod’s Group appoints John Galantic CEO, the Italian luxury fashion house announced in a statement on Thursday.

Galantic’s last management position was as president and COO of Chanel Inc., the label’s US subsidiary. The shoe conglomerate’s founder Diego Della Valle will retain his role as chairman of the group.

Tod’s delisted in June of this year after entering into a privatisation deal with private equity firm L Catterton. The company had been struggling from an overall decline in shoe sales and a weakened Chinese market. In the first quarter, Tod’s reported €252.3 million in sales ($282 million), down around 6.5 percent from €270.5 million ($302 million) a year earlier.

Going private is meant to reignite the conglomerate’s demand without scrutiny of the market. Galantic’s “specific focus on brand building will help Tod’s Group to increase its growth potential globally”, the statement said. Next to its flagship namesake brand, the Italian shoemaker also owns Roger Vivier, Fay and Hogan. Della Valle also owns Schiaparelli through his family office.

Learn more:

L Catterton to Take Tod’s Private

The LVMH-linked firm is betting its $545 million stake in the Italian shoemaker will yield the double-digit returns private equity typically seeks.

[ad_2]

Source link

Latest news

How to Make Real Money With 92 Pak Game

Understanding the Basics of 92 Pak Game 92 Pak Game has gained massive popularity among mobile gamers in Pakistan, primarily...

How UFABET Supports Multilingual Customer Service

In the increasingly globalized world of online betting, providing excellent customer service that caters to a diverse audience is...

Ceritafilm Offers a Journey Through Reviews and Downloads

Explore the World of Cinema Through a Comprehensive Lens For movie enthusiasts who crave more than just a surface-level understanding...

Soft Play Bus Essex for Weddings – Keep Kids Entertained

When planning a wedding, ensuring that every guest enjoys themselves is a priority. However, one challenge many couples face...
spot_img

Luxury on the Move: The Pamper Bus Experience for Children’s Parties

A Glamorous Celebration on Wheels Bringing luxury and fun to your doorstep, the pamper bus is revolutionizing the way children's...

Affordable Luxury Awaits: Grace Bay Turks and Caicos Beachfront Escapes

A Paradise Destination Without the Price Tag Grace Bay Turks and Caicos has long been known as a dream destination...

Must read

How to Make Real Money With 92 Pak Game

Understanding the Basics of 92 Pak Game 92 Pak Game...

How UFABET Supports Multilingual Customer Service

In the increasingly globalized world of online betting, providing...
spot_img

You might also likeRELATED
Recommended to you