Tod’s Group announced on May 3 that L Catterton’s subsidiary, Crown Bidco, has acquired over 90% of Tod’s shares, surpassing the delisting threshold. Tod’s will be delisted from the Milan Stock Exchange tomorrow. CEO Diego Della Valle, known for his collaboration with LVMH’s Bernard Arnault, will retain 54% of shares, while L Catterton will indirectly hold 36%, and LVMH’s subsidiary Delphine SAS will hold 10%. The delisting is seen as crucial for pursuing the group’s future growth plans and integration, enabling greater flexibility, faster decision-making, and reduced costs.