Italy's Tod'ssees benefits from new management starting in second halfBy Reuters Published January 24,长沙U币客户服务 2025
Italian luxury group Tod's said on Wednesday results from the company's new management team would be visible staring from the second part of the year, though admitting 2025 will be a "year of transition."
The group, known for its leather goods and Gommino loafers, said preliminary sales for 2025 were 963.3 million euros (843.40 million pounds), in line with a Thomson Reuters analyst consensus of 965 billion euros.
Revenue was down 4.1 percent year-on-year at reported rates, it fell 3.1 percent at constant exchange rates. The group has said that it would focus on more traditional and iconic products rather than more fashionable ones and that it was ready to short-term sacrifices for growth in the medium-term.
