Tod's - Ready-to-Wear

After dedicating 105 years to leather goods, Italian luxury label Tod's is about to take the plunge with a new ready-to-wear line designed by Derek Lam. The new collection will hit select stores in February and will feature in the brand's new spring ad campaign.

“It's a little bit more sexy than the other campaign, and there's an element to justify that,” Claudio Castiglioni, Tod's USA CEO, told WWD. “We used Tod's clothing. We didn't have to shop (elsewhere) to create the image of Tod's. The clothing belonged to the DNA of the brand. Our mission has been accomplished. It's a 360-degree advertising campaign.”

Featuring models dressed in the brand's polo shirts, short-sleeve tops and leather jackets, the campaign was shot by Mikael Jansson and will appear in the March issues of magazines like Vogue and Elle.

According to WWD, the company is also considering launching a Tod's luggage collection.
Meanwhile parent company Tod's SpA is performing solidly, with a 36 increase in net profits for the first nine months of the year to €43.8 million (£29.7 million).

www.tods.com
20 December 2005

TOD’S S.p.A.: the Board of Directors approved the Consolidated Report for the first nine months of 2005.

The strong growth of revenues (+19.4%) and profits (EBIT: +34%, net income: +35.5%) is confirmed.

Group’s revenues: 395.9 million Euros, growing by 19.4% as compared to the first nine months of 2004; EBITDA: 90.1 million Euros, with a 26.7% increase; EBIT: 73.1 million Euros, growing by 34%; Net income: 43.8 million Euros, with a 35.5% increase.

The Board of Directors of Tod’s S.p.A., the Italian company listed on the Milan Stock Exchange and holding of the luxury goods group of the same name operating in luxury shoes, leather goods and apparel with the Tod’s, Hogan and Fay brands, today approved its Consolidated Financial Statements for the first nine months of 2005 (January 1st – September 30th, 2005).

These Financial Statements have been drawn up in compliance with the International Financial Reporting Standards IAS/IFRS; the consolidated figures as of September 30th, 2004 and December 31st, 2004, previously published according to the Italian principles, have been consequently restated and adjusted, in order to be fully comparable.

The Group’s results confirm the growth of revenues and profits. Revenues were 395.9 millions, growing by 19.4% as compared to 331.6 millions of the same period of 2004. EBITDA and EBIT amounted to 90.1 and 73.1 millions, increasing, respectively, by 26.7% and by 34% as compared to the first nine months of 2004, and, finally, net income was 43.8 millions (+35.5% versus the first nine months of 2004). All these figures further improve, if considered at constant rates, meaning adopting the 2004 average exchange rates: in fact, revenues would have been 399.4 millions (+20.4%); EBITDA and EBIT would have been approx. 4 millions higher, increasing respectively by 32.5% and by 41.4% versus the first nine months of 2004.

Tod’s Group’s turnover was 395.9 million Euros, growing by 19.4% as compared to the first nine months of 2004. This growth rate is even more remarkable, when we consider the challenging comparison basis: in fact, in the first nine months of 2004 revenues had increased by 15.8% as compared to the same period of the previous year.