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Tod’s: Diego Della Valle plays it safe after months of uncertainties

Tod’s: Diego Della Valle plays it safe after months of uncertainties

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Caution remains the key word for Tod’s president and CEO. Given the significant drop in the Italian fashion house’s revenues in the first quarter of 2020 and the uncertainties hanging over the fashion industry, Diego Della Valle is rightly opting for a strategy of prudence. Reducing capital expenditure, restricting productive activities, optimising efficiency: the entrepreneur is implementing a real crisis exit strategy to limit as far as possible the economic and societal damage in the post-coronavirus era.

 

The world has stopped, everything has changed and, as a consequence, the objectives and priorities have also changed within the group. […] With very uncertain and unforeseeable visibility in the next few months, we have chosen to adopt a strategy of great prudence“.

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In clear and unadorned terms, CEO Diego Della Valle presented his strategy to Tod’s shareholders yesterday, Wednesday, June 3, at the meeting of the Board of Directors to approve the group’s accounts and financial statements for 2019.

 

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Featured photo : Diego Della Valle

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