Tod’s sales in 2023 increase on growth across all regions, brands

Italy’s Tod’s Group said revenues grew 11.9% to 1.12 billion euros for the full-year ending December 31, with Greater China and Japan noted as star performers in 2023.

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The owner of Tod’s and Roger Vivier brands said group sales in Greater China surged 24.2% to 356.7 euros million, while sales in its local Italy market grew 4.9% to 263.9 million euros. Elsewhere in Europe, revenues were up 10.5% to 239.6 million euros, while revenues in the Americas were up 3.5% to 85 million euros. The group’s rest of the world segment clocked revenues of 181.5 million euros, up 7.2%, driven by Japan, said the company.

By brand, sales at Tod’s increased 10.4% to 562.9 million euros, and Roger Vivier sales were up 16.5% to 286.7 million euros. Smaller brands Hogan and Fay were up 9.3% and 13.2%, respectively.

“We are very satisfied with having achieved the objectives we set ourselves at the beginning of the year, despite a difficult macroeconomic context at an international level,” said Diego Della Valle, chairman and chief executive officer of the Tod’s Group.

“Considering the good quality of these figures, we are very positive about the income results that we will be able to obtain, as well as about the excellent future growth potential of our group.

“The global market trend, increasingly appreciating the high craftsmanship and the Italian lifestyle, makes our brands increasingly desirable for high-quality consumers. Our group is, as always, very attentive to everything that can improve the conditions of our employees, activating in this spirit many initiatives and projects useful for improving common well-being.”