Tod’s on target for year end objectives
24/09/2001
The Italian shoe and accessory group Tod's SpA has reported a staggering three-fold increase in profits in the first half the year, which climbed to $14.3 million.
The company attributed the performance to returns on financial investments plus a lower tax rate. A 26.6% increase in sales to approximately $133 million, spanning the company’s three main brands of Tod’s, Hogans and Fay, also made their mark.
In a statement to the press, Tod's president and CEO Diego Della Valle said he did not believe the economic repercussions of the US terrorist attacks would deflect the company from achieving its full-year objectives.
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