Business & Policy | Industry Updates

Tod’s Group Achieves Strong Growth, Highlighting Success in China and Japan

Published: January 31, 2024
Author: Fashion Value Chain

Italy’s Tod’s Group has reported robust revenue growth, reaching 1.12 billion euros for the full year ending December 31, 2023. The standout performers were Greater China and Japan, where group sales surged by 24.2% and 11.9%, respectively. The owner of Tod’s and Roger Vivier brands expressed satisfaction with achieving set objectives despite international economic challenges.

Breaking down the regional performance, sales in Greater China reached 356.7 million euros, showing a remarkable 24.2% increase. In the local Italian market, sales grew by 4.9%, totaling 263.9 million euros. Europe saw a 10.5% increase, reaching 239.6 million euros, and the Americas experienced a 3.5% rise, totaling 85 million euros. The rest of the world segment, driven by Japan, achieved a 7.2% increase, totaling 181.5 million euros.

Tod’s Group’s individual brand performances were notable, with Tod’s sales increasing by 10.4% to 562.9 million euros and Roger Vivier sales rising by 16.5% to 286.7 million euros. Smaller brands Hogan and Fay also contributed positively, with increases of 9.3% and 13.2%, respectively.

Diego Della Valle, Chairman and CEO of Tod’s Group, expressed satisfaction with the achieved objectives despite global economic challenges. He emphasized the positive outlook for income results and the growth potential of the group. Della Valle highlighted the increasing global appreciation for high craftsmanship and the Italian lifestyle, making Tod’s Group brands more desirable for quality-conscious consumers. The group remains committed to initiatives that improve employee conditions and overall well-being.

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