Earnings release
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Milan - May 12th , 2021 TOD'S S.p.A. - Group's sales totalled 178.7 million Euros in QI 2021. Greater China : + 28 % from 2019. Excellent performance worldwide of Roger Vivier : + 13 % vs 2019. Very strong results of e - commerce . The Board of Directors approves the Interim Management Statement for the first quarter of 2021 Approved the new Procedure on Related Parties Transactions of Tod's S.p.A. and the amendments to the Rules for increased voting rights Approval of the merger plan for incorporation of the wholly owned subsidiaries Filangieri 29 S.r.l. and Del . Pav S.r.l. The Board of Directors of Tod's S.p.A. , the Italian company listed on the Milan Stock Exchange and holding of the luxury goods group of the same name operating in luxury and quality shoes , accessories and apparel with the Tod's , Hogan , Roger Vivier and Fay brands , today approved the Interim Management Statement for the first quarter of 2021 ( January 1st - March 31st , 2021 ) . Message from the Group's Chairman and CEO Diego Della Valle , Chairman and CEO of the Group , commented as follows : " The figures of the quarter reflect the different impact of the pandemic . We have registered triple - digit growth in China ; the results of the Roger Vivier brand stand out . The e - commerce channel was also very strong , with an impressive growth , even higher than our expectations . We recorded excellent results in those areas of the world where we were able to keep the stores open , while the results were weaker in the countries of the western world , penalized by the long periods of closure of the shops . We are very happy with the performance of the Tod's brand and the excellent customer feedback on the new collections , which increasingly combine the DNA of craftsmanship and Italian Lifestyle with creativity and innovation . Roger Vivier maintains his originality , with exclusive and highly desirable products , with enormous potential for growth all over the world . The Hogan collections are very appealing and the Fay products are very attractive and aspirational . From this group of brands , supported by strong communication , we expect good news for the future . Being aware of how crucial digital communication is , we are making important investments in assets and people to have a very strong and quality structure . Our factories are in order and all our employees have shown dedication , professionalism and great courage in managing such a tough period . For this I'm very grateful to them . As already communicated a few days ago , my family sold a package of shares to the LVMH Group , which thus brought its stake in Tod's to 10 % ; this operation consolidates the friendship between myself with my family and Bernard Arnault with TOD'S S.P.A. - SHARE CAPITAL EURO 66 , 187,078 ENTIRELY PAID - REGISTERED OFFICE : SANT'ELPIDIO A MARE ( FM ) -VIA FILIPPO DELLA VALLE N. I FISCAL CODE AND REGISTRATION NUMBER WITH THE FERMO REGISTER : 01113570442 - CORPORATE WEBSITE : www.todsgroup.com