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LVMH Increases Stake in Tod’s to 10 Percent

The Italian shoe brand is seeking a turnaround after 5 years of falling sales.
Tod's store in Rome
Tod's store in Rome. (Shutterstock)

French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said on Thursday, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.

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