Italian shoemaker Tod’s to court US lovers of quiet luxury
By Reuters API Published May 7, 2024 An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in Italian shoemaker Tod’s yields the double-digit returns private equity typically seeks. Reuters L Catterton, created by U.S. fund Catterton and LVMH-owner Groupe Arnault, [...]read moreItalian shoemaker Tod’s to court US lovers of quiet luxury