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.