The takeover bid launched in August by the Della Valle family to buy up 90% of the capital of the Tod’s luxury group has failed.

By the October 25 deadline, the Della Valle family had secured control of 86.95% of the company’s stock and its offer to buy up remaining shares at €40 euros each was still on the table. However, the perceived value of the stock did not dip below this level and this thwarted the takeover.

If it had been successful, it would have led to the delisting of Tod’s on the Milan stock exchange and placed it into the private ownership of the Della Valle family.

It is unclear if a second takeover attempt will be launched but the shares sold in this exercise will be returned free-of-charge to the sellers.

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