"Tod's founder Diego Della Valle also hinted publicly that he would be open to a sale. "
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"Never mind that that Founder and Chairman Diego Della Valle poured cold water on hopes it will be sold anytime soon."
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"Tod's Chief Executive Officer Diego Della Valle sold 2.25 million shares, or 6.8% of capital, for 33.10 euros ($39.77) apiece to LVMH via a company it controls, Tod's said in a statement Thursday on behalf of Della Valle. "
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"The friendship with Diego Della Valle and his family goes back over 20 years," LVMH CEO Bernard Arnault said in the statement. "
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"Ferragni's "knowledge of the world of young people will certainly be extremely valuable," Tod's founder and Chairman Diego Della Valle said in a statement."
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