FILE PHOTO: The brand of Italian luxurious shoemaker Tod’s is seen on the firm’s retailer in Zurich, Switzerland April 25, 2019. REUTERS/Arnd Wiegmann/File Picture
February 21, 2020
MILAN (Reuters) – Italian luxurious leather-based items maker Tod’s <TOD.MI> made an “excellent” start to 2020 earlier than the coronavirus hit gross sales however the state of affairs may start to enhance in the subsequent few weeks, Chairman Diego Della Valle stated on Friday.
“People are waiting, they’ve stopped. We expect that everything will begin again in a month and a half, that’s an impression we’re getting from the market,” he informed reporters on the margins of an occasion on the Milan Style Week.
(Reporting by Claudia Cristoferi; modifying by James Mackenzie)