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Tod's owner Della Valle buys further 1 percent in group - filing

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Tod's owner Della Valle buys further 1 percent in group - filing
FILE PHOTO: Tod's owner Diego Della Valle arrives at the Tod's show during Milan Fashion Week Spring 2019 in Milan, Italy, September 21, 2018. REUTERS/Stefano Rellandini?   -   Copyright  STEFANO RELLANDINI(Reuters)
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MILAN (Reuters) – Tod’s founder and top shareholder Diego Della Valle bought a further 1 percent of the Italian luxury goods group this week, a regulatory filing showed, following disappointing full-year sales.

The move follows the purchase of a similar 1 percent stake last week when the stock was hit by the weak 2018 sales figures.

Both investments were done outside of a commitment to buy up to 5 percent of the company which Della Valle took in December as a proof of his confidence in the group, the company said. Della Valle owned 60.7 percent of Tod’s as of mid-2018.

(Reporting by Claudia Cristoferi, writing by Valentina Za, editing by Stephen Jewkes)

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