Italian luxury leather goods group Tod’s has announced impressive sales growth, with a 23% increase in revenues in the first half of the year. This success has been largely attributed to the Chinese market, where sales rose by an impressive 45% to 196 million euros. The company’s flagship brand, Roger Vivien, experienced a significant increase of 30%, while Tod’s itself saw a jump in revenues from 234 million euros to 287 million euros.

While there was a small decline in revenue in the Americas, Tod’s remains confident in its profitability for the semester and the full year. The company attributes this confidence to strong demand from both tourists and local consumers. CEO Diego Della Valle also highlighted the positive impact of the retail channel in European markets, which accounts for over 75% of Tod’s turnover.

Despite the uncertain global macroeconomic landscape, Tod’s is optimistic about its future performance. The company believes that its strong presence in the Chinese market, along with its successful brands and retail strategy, will continue to drive growth.

Useful links:
1. Tod’s official website
2. Forbes article on Tod’s success