Fay news and archive

Tod’s posts 11.9 percent revenue increase in 2023

In fiscal year 2023, Tod’s Group consolidated sales were 1,126.7 million euros, up 11.9 percent against FY 2022. These figures imply a growth of 7.5 percent in the fourth quarter, at constant rates, driven by 11.9 percent growth in the retail channel. Commenting on the results, Diego Della Valle, chairman and CEO of the Group, said: “In FY2023...

BusinessFeatured

Tod’s sales increase 12 percent in FY23

In fiscal year 2023, Tod’s Group preliminary consolidated sales were 1,126.7 million euros, up 11.9 percent against FY 2022. At constant exchange rates, the group's revenues would amount to 1,147.5 million euros, up 14 percent. These figures imply a growth of 7.5 percent in the fourth quarter, at constant rates, driven by the retail channel...

BusinessFeatured

Tod’s posts widening H1 profits as sales jump

Italian luxury group Tod’s has reported a 21.7 percent jump in revenue and improved profitability in the first half of the year. Group sales increased to 569.1 million euros in the first six months of the year, while its net profit widened to 30.9 million euros from 0.8 million euros. Breaking it down by brand, sales at the group’s namesake...

BusinessFeatured

Tod’s reports strong Q1 sales amid Greater China recovery

Luxury Italian group Tod’s has reported a strong increase in sales in the first quarter amid a “sudden recovery” in Greater China where sales had been hit in recent years by prolonged Covid restrictions. The group made sales of 270.5 million euros in the three months to March 31, up 23.2 percent from 219.6 million euros a year earlier. That came...

BusinessFeatured

Tod's swings to H1 profit as revenue surpasses pre-pandemic levels

Italian luxury group Tod’s has swung to a first-half profit as its revenue surpassed pre-pandemic levels from 2019. In the six months to June 30, consolidated sales came in at 467.5 million euros, up 17 percent from the prior year period. Breaking it down by brand, sales at the group’s namesake label were up 24 percent to 233.5 million euros, at...

BusinessFeatured

Tod's reports strong H1 sales, narrows losses

Luxury Italian group Tod’s has reported a 55.1 percent increase in sales in the first half of the year as its losses narrowed. The group, which as well as its namesake label also owns brands Fay, Hogan and Roger Vivier, saw sales increase to 398.4 million euros in the six months to June 30 compared to 256.9 million euros a year earlier. But that...

People

Fay and Arthur Arbesser part ways

Italian fashion house Fay and Austrian designer Arthur Arbesser are parting ways. The Tod’s Group owned brand and creative director have not renewed their contract, a partnership which began in September 2017. “I thank Arthur Arbesser very much in the name of the entire company for his innovative vision: I believe that working together has been...

BusinessFeatured

Tod's posts 4 percent revenue drop in the first nine months

Tod’s SpA sales for the first nine months of 2019 were 677.7 million euros (748.7 million dollars), down 4 percent from the same period of 2018. Retail revenues for the period totalled 466.5 million euros and represented 70 percent of the group’s turnover. In the third quarter, this channel grew by 8 percent, driven by the sound double-digit...

Apparel

Tod’s FY 2012 sales up 7.8 percent

The Board of Directors of Tod’s has approved the group’s preliminary sales figures for the fiscal year 2012. Consolidated sales were 963.1 million euros (Rs 6,919 crores) in FY 2012, up 7.8 percent from 2011. In the fourth quarter of 2012, sales amounted to 213.2 million euros (Rs1,531 crores) up 9.6 percent from the same quarter of 2011. At...