Headlines

Della Valle Raises Stake in Saks

Tod’s SpA chairman and ceo now holds 7.1 percent of shares

Published

14 years ago

March 11, 2010

VMSD Staff

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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