Finance
Tod's founder Diego Della Valle splits Piaggio stake with brother Andrea
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Diego Della Valle transfers his Piaggio stake to his brother Andrea, altering their investment structure. The move was confirmed by a CONSOB filing.
MILAN (Reuters) - Diego Della Valle & C Srl, the holding company of the founder of luxury shoemaker Tod's, has transferred its stake in Piaggio to brothers Diego and Andrea Della Valle, a spokesperson for the Vespa maker said on Tuesday.
Earlier in the day a filing released by Italy's watchdog CONSOB showed that Diego Della Valle's 5.5% stake in Piaggio was cut to zero on Dec. 12.
Diego Della Valle Srl notified Piaggio and CONSOB of the new distribution of the stake in Piaggio, which was previously held by the holding company, the spokesperson said.
The CONSOB notification relates to the shareholding of Diego Della Valle Srl. Diego Della Valle is still a shareholder in Piaggio together with his brother Andrea, but as an individual, the spokesperson spelled out.
(Reporting by Gianluca Semeraro; editing by Gavin Jones)
The main topic is the transfer of Piaggio stake from Diego Della Valle to his brother Andrea.
Diego Della Valle is the founder of luxury shoemaker Tod's and a shareholder in Piaggio.
Piaggio is known for manufacturing Vespa scooters and other vehicles.
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