Della Valle Raises Stake in Saks

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.