Tod’s Group, the renowned Italian luxury fashion company, has reported impressive financial results for the full-year ending December 31, 2023. The company witnessed a remarkable 11.9% increase in revenues, amounting to a staggering 1.12 billion euros. This exceptional growth can be attributed to the company’s success in all regions and across its various brands.
Greater China emerged as a standout region for Tod’s Group, as sales in this area skyrocketed by 24.2%, reaching an impressive 356.7 million euros. The Japanese market also contributed significantly to the overall success of the company, with substantial growth recorded. In Italy, Tod’s Group saw a commendable 4.9% increase in sales, generating 263.9 million euros. Europe experienced a revenue boost of 10.5%, amounting to 239.6 million euros, while sales in the Americas grew by 3.5%, reaching 85 million euros. The rest of the world segment saw revenues of 181.5 million euros, primarily driven by strong sales in Japan.
Individual brand performance also played a crucial role in Tod’s Group’s success. The flagship brand, Tod’s, witnessed a respectable 10.4% increase in sales, amounting to 562.9 million euros. Another brand under the company’s umbrella, Roger Vivier, achieved even higher growth with an astounding 16.5% increase in sales, resulting in 286.7 million euros. Smaller brands Hogan and Fay also experienced notable sales growth of 9.3% and 13.2%, respectively.
Diego Della Valle, the chairman and CEO of Tod’s Group, expressed his contentment with the company’s performance, especially considering the challenging global economic conditions. Della Valle stated, “We are very satisfied with having achieved the objectives we set ourselves at the beginning of the year, despite a difficult macroeconomic context at an international level.” He also highlighted the rising appreciation for Italian craftsmanship and the Italian lifestyle in the global market, which has contributed to the desirability of Tod’s Group brands among discerning consumers seeking high-quality products.
With an optimistic outlook, Tod’s Group anticipates further growth in the future. Della Valle remarked, “Considering the good quality of these figures, we are very positive about the income results that we will be able to obtain, as well as about the excellent future growth potential of our group.” The company remains dedicated to enhancing the well-being of its employees and has undertaken various projects and initiatives to support this objective.
In conclusion, the remarkable sales performance of Tod’s Group in 2023 signifies the increasing demand for luxury fashion and showcases the widespread appeal of its brands worldwide. By emphasizing craftsmanship and the Italian lifestyle, Tod’s Group continues to assert its position as a prominent player in the luxury fashion industry.
Useful links:
– Tod’s Group Official Website
– Diego Della Valle on Business of Fashion
