Tod's Acquires Roger Vivier Brand
The deal is valued at roughly $441 million.
Tod's Group, the company that owns its namesake footwear line as well as casual luxury labels Hogan and Fay, has acquired high-end French shoes and accessories brand Roger Vivier.
Bloomberg reports that Tod's will pay €415 million (roughly $441 million) for the luxury label, plus €20 million for its Paris operations. Tod's, which already operated the label under a license, will now have "full control on the long-term planning for the Roger Vivier business with the objective of improving the expected results," according to a presentation by the group.
Not much will change following the acquisition, though. Diego Della Valle and brother Andrea are selling Roger Vivier, which they acquired through their company Gousson in 2001, to Tod's, where Diego also serves as CEO and chairman. Talk about a doozy.
The transaction is expected to close in January.
Here's to seeing Tod's famous fans — Nicole Kidman, Jennifer Garner and Alessandra Ambrosio included — rocking Roger Vivier's signature stiletto heel soon.