Solid rise in Tod’s Mainland China sales
Tod’s Mainland China sales rose by double-digit figures in the first half year.
The firm’s mid-year financial report attributed the sales performance to double-digit growth in both Europe and Mainland China – where the international focus of the brand is currently focused. That more than offset weakness in its domestic Italian market.
The group’s sales in greater China totalled €115.3 million (US$133.7 million) at constant rates, up 6.3 per cent from the first half year.
Globally, first-half sales reached €491.9 million (US$570.4 million).
Footwear was responsible for the vast majority of the company’s takings, at 84.42 per cent of total revenue.
Chairman and CEO Diego Della Valle said the results validate the company’s strategies. “At constant exchange rates, both Tod’s and Roger Vivier’s revenues have returned to grow. We are collecting the first results of the work already done and we intend to consistently carry on in the future.”