Tod's chief set to pocket over $135 million from Saks sale
Aug 02, 2013
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Italian businessman Diego Della Valle is set to pocket around $136 million profit through the planned sale of U.S. department store operator Saks (SKS.N) that was announced on Monday.
Della Valle, chairman of shoemaker Tod's (TOD.MI), built up a stake of nearly 15 percent in the upmarket shopping chain in 2010 for around $10 per share, according to regulatory filings.
Source: http://www.reuters.com
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