Tod’s Revenues Slip as Company Works Toward Returning to Old DNA
The fashion route did not pay off and Tod’s SpA has been changing its course, returning to its core accessories category as it aims to improve its business.
This is one of the significant takeaways from the conference call held on Friday, after the Italian luxury group reported a 4.4 percent decline in revenues in the first quarter of 2017.
“It’s not a secret we had to face difficulties on the market, and China has now recovered, as it has for our peers, but we are getting out of a problem with a strategy that started years ago with the fashion component,” chief financial officer Emilio Macellari said candidly after he…
Read the full article Tod’s Revenues Slip as Company Works Toward Returning to Old DNA