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Deutsche Bank, BNP to Back Della Valle Plan to Buy Rest of Tod’s

Sept. 23, 2022, 3:02 PM

Global banks including BNP Paribas SA’s BNL unit, Credit Agricole SA and Deutsche Bank AG will provide the funding for a plan by Italian fashion tycoon Diego Della Valle to buy out the remaining shares in Tod’s SpA, the high-end Italian shoemaker he founded.

The Della Valle family will put up a 49% stake in Tod’s as collateral for a 420 million-euro ($409 million) loan to fund its bid to buy out the portion of the company it doesn’t own, according to a regulatory filing Friday

Della Valle, 68, built Tod’s up from his grandfather’s cobbler’s shop starting in ...