Tod’s SpA chairman and ceo now holds 7.1 percent of shares
This week’s series of three stock purchases totaling an estimated $22.3 million has made Italian businessman Diego Della Valle the second-largest investor in Saks Inc., according to reports by Reuters and WWD.com. (Mexico’s Carlos Slim remains first, with a 16.1 percent shareholding).
The 12.9 million share buy-up gives the Tod’s SpA chairman and ceo a 7.1 percent stakehold, building out his previous 5.9 percent holding in the New York-based fashion retailer.
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