Diego Della Valle

Della Valle was born and raised in Sant'Elpidio a MareHoracio Silva (17 October 2010), [https://archive.nytimes.com/query.nytimes.com/gst/fullpage-9A0DE0DB123EF934A25753C1A9669D8B63.html Profile in Style: Diego Della Valle] New York Times. in Italy’s Marche region. He is the elder son of Dorino Della Valle and grandson of Filippo Della Valle. Filippo started his shoemaking business in the 1920s;Andrew Roberts (1 March 2009), [https://www.wmagazine.com/story/diego-della-valle Power Player] W. Diego later expanded it into Tod's.{{Cite web

| title = Diego Della Valle

| date = 18 January 2010

| url = http://www.europeanceo.com/profiles/diego-della-valle-entrepreneur

| access-date = 12 March 2011}}{{Cite magazine

| last = Betts

| first = Kate

| title = Driving Force: Diego Della Valle

| magazine = Time

| date = 8 March 2006

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| access-date = 12 March 2011}}{{Cite web

| last = Shamoon

| first = Stella

| title = Diego Della Valle: Going in feet first

| work = The Independent

| date = 2 April 2006

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Della Valle studied Law at the University of Bologna, obtaining an academic degree in 1975.

Della Valle joined the family business in 1975 and took it over in 1978.Kate Betts (8 March 2006), [https://time.com/archive/6676509/driving-force-diego-della-valle/ Driving Force: Diego Della Valle] Time. That same year, he named the company J.P. Tod's. From 1996, he started converting the company's stores in the United States to J. P. Tod's boutiques.Constance C. R. White (1 October 1996), [https://www.nytimes.com/1996/10/01/style/patterns-580678.html J. P. Tod's Conversions] New York Times. The brand later dropped the "J.P." in 1999 after the brand became inadvertently known as solely "J.P.'s" instead of the preferred Tod's.{{Cite magazine |last=Yorker |first=The New |date=2004-05-02 |title=Shoe Dreams |language=en-US |magazine=The New Yorker |url=https://www.newyorker.com/magazine/2004/05/10/shoe-dreams |access-date=2023-10-28 |issn=0028-792X}}Sheryl Garratt (16 October 2011), [http://fashion.telegraph.co.uk/news-features/TMG8813832/Diego-Della-Valle-king-of-loafers.html Diego Della Valle of Tod's: king of loafers] The Daily Telegraph. Della Valle manages Tod's with his brother Andrea.

In the 1980s, Della Valle discovered work jackets worn by firefighters in Maine and created a brand copying the jackets.[https://robbreport.com/style/menswear/fay-1236113196/ How Maine Firefighters Sparked the Beginnings of an Italian Heritage Brand]

In 1993, Della Valle joined forces with Montezemolo and Paolo Borgomanero on reviving the Acqua di Parma brand.[https://www.lvmh.com/news-documents/press-releases/lvmh-appoints-diego-della-valle-chairman-of-tods/ LVMH appoints Diego della Valle, chairman of Tod’s] LVMH, press release of 23 March 2002. Since 2001, he has been a minority shareholder in funds Charme Investments (Luxembourg) and Charme II (Rome), both of which were founded by Luca Cordero di Montezemolo and control knitwear brand Ballantyne and furniture firm Poltrona Frau.Luisa Zargani (31 October 2011), [https://wwd.com/business-news/business-features/dissecting-the-della-valle-empire-5341542/ The Numbers Behind Diego Della Valle’s Empire] Women's Wear Daily.

In 1999, Della Valle raised his stake in British shoemaker Church's to 9.5 percent, setting off the speculation about a takeover; he ultimately decided against bidding against Prada which ended up acquiring the company.Lucy Baker (3 September 1999), [https://www.independent.co.uk/news/business/prada-and-della-valle-have-designs-on-church-1115748.html Prada and Della Valle have designs on Church] The Independent.[https://www.nytimes.com/1999/10/12/business/world-business-briefing-europe-no-bid-by-della-valle.html No Bid By Della Valle] New York Times, 12 October 1999. He agreed to sell his holding to Prada.James Fallon (31 October 2011), [https://wwd.com/fashion-news/fashion-features/article-1075754/ Deal For Church Uncovers Prada] Women's Wear Daily. In 2004, Della Valle and his brother Andrea took a 40.6 percent stake in eyewear company Marcolin through their holdings. Through his Gruppo Diego Della Valle holding, he has owned the fashion brand Maison Schiaparelli since 2007. He has holdings in Bialetti; Mediobanca; and Piaggio.

Around 2008, Della Valle and Montezemolo started working on the launch of high-speed train company Nuovo Trasporto Viaggiatori. In 2018, both Della Valle and Montezemolo sold, with all other shareholders, NTV to Global Infrastructure Partners' GPI III fund for nearly €2 billion; Della Valle made about €340 million from the deal.Rachel Sanderson (16 February 2018), [https://www.ft.com/content/e1b90918-11a7-11e8-8cb6-b9ccc4c4dbbb Tod’s owner Diego Della Valle: ‘Millennials are not for everyone’] Financial Times. Between 2009 and 2010, Della Valle increased his stake in luxury department store operator Saks, Inc. just above 19 percent, becoming the company's largest shareholder and sending its shares to a two-year high.[https://www.reuters.com/article/saks-dellavalle/italys-della-valle-says-saks-stake-strategic-inv-idINLS72408620090528/ Italy's Della Valle says Saks stake strategic inv] Reuters, 28 May 2009.Brad Dorfman and Antonella Ciancio (21 October 2010), [https://www.reuters.com/article/idUSN21286374/ Italian businessman becomes Saks' largest holder] Reuters. When Hudson's Bay Company bought Saks, Inc. for US$2.4 billion in 2013,{{cite news |date=29 July 2013 |title=Hudson's Bay to Buy Luxury Retailer Saks for $2.4 Billion |url=https://www.bloomberg.com/news/articles/2013-07-29/hudson-s-bay-to-acquire-saks-for-2-9-billion-including-debt |access-date=23 May 2018 |newspaper=Bloomberg.com |via=www.bloomberg.com}} He was said to have made around $136 million on the deal.Phil Wahba and Solarina Ho (29 July 2013), [https://www.reuters.com/article/idUSL1N0FZ07A/ Hudson's Bay CEO bets big on department stores with Saks buy] Reuters. In 2013, he made a failed offer for Italy’s La7 television network.Rachel Sanderson (17 February 2013), [https://www.ft.com/content/41a9178c-78ec-11e2-930b-00144feabdc0 Della Valle makes offer for La7 network] Financial Times.

In 2014, Ferrari director Lapo Elkann attacked Della Valle in a series of posts including the common accusation that Tod's flagship gommino shoe (launched in 1979) was an imitation of The Original Car Shoe (founded in 1963, now owned by Prada), declaring “Car Shoe founded in 1963…The original!"[https://wwd.com/feature/lapo-elkann-confronts-diego-della-valle-on-facebook-8035258-980190/ Lapo Elkann Confronts Diego Della Valle on Facebook][https://lookdavip.tgcom24.it/lapo-elkann-prende-a-scarpate-diego-della-valle/ Lapo prende a scarpate Diego Della Valle]

In 2023, luxury handbag brand Tribe of Two sued Tod's for trademark infringement after it introduced a "double-T" logo that was confusingly similar to Tribe of Two's logo which had been registered with the United States Patent and Trademark Office since 2013.[https://www.thefashionlaw.com/tods-hit-with-trademark-infringement-lawsuit-over-knock-off-logo/ TOD’S Hit With Trademark Infringement Lawsuit Over “Knock-Off” Logo][https://sourcingjournal.com/topics/business-news/tods-lawsuit-tribe-of-two-handbag-trademark-infringement-logo-chiara-ferragni-432639/ Brand Popularized on ‘Scandal’ Sues Tod’s Over ‘Confusingly Similar’ Logo] According to the lawsuit, Della Valle had been “looking for a logo-based T that could represent TOD’S, much as Louis Vuitton and its LV, or Gucci and its GG” but did not have such a logo until he began infringing Tribe of Two's logo.

In 2024, Della Valle lost a long-running battle with French tax authorities who had investigated the company's odd accounting practices during its controversial acquisition of Roger Vivier resulting in "ambiguous dealing with shareholders" amidst accusations that the family had personally enriched themselves at the expense of shareholders.[https://www.glitz.paris/en/houses/2024/12/19/french-taxman-brings-roger-vivier-to-heel-over-tod-s-odd-accounting,110353893-art French taxman brings Roger Vivier to heel over Tod's odd accounting] Between 2003 and 2015, Roger Vivier was owned by the Della Valle family via holding companies in Portugal and then Luxembourg, but that the licence was held by Tod's, which was controlled by the same family (with a stake of more than 50%). Despite opposition from Tod's minority shareholders, the company paid royalties to the Della Valles amounting to €52m from 2004 to 2015, personally enriching the executives.[https://wwd.com/feature/tods-roger-vivier-10284645/ Tod’s Acquires Roger Vivier Trademark]

In 2002, Della Valle bought the Tuscan football club ACF Fiorentina. His ownership was engulfed in the Calciopoli match-fixing scandal with Della Valle personally accused of match fixing.{{Cite web |date=2015-03-23 |title=Goal.com Calciopoli Debate: It Is About Time Juventus Questioned Why Were They Relegated & Stripped Of Two Scudetti {{!}} Goal.com |url=https://www.goal.com/en/news/calciopoli-debate-it-is-about-time-juventus-questioned-why/bltf095dc835c6abf21 |access-date=2025-03-08 |website=www.goal.com |language=en}}{{Cite news |date=December 14, 2007 |title=Italy sighs ahead of match-fixing hearing |url=https://www.reuters.com/article/sports/italy-sighs-ahead-of-match-fixing-hearing-idUSL14386388/ |work=Reuters}} Fiorentina was initially to be relegated to Serie B as punishment but the punishment was changed to 30 penalty points in the 2005–06 Serie A resulting in a final placement of sixth instead of third.{{cite news |date=14 July 2006 |title=Testo della decisione relativa al Comm. Uff. N. 1/C – Riunione del 29 giugno / 3 - 4 - 5 - 6 - 7 luglio 2006 |url=http://download.ju29ro.com/sentenze/Calciopoli_-_Sentenza_Caf_(14_luglio_2006).pdf |access-date=8 August 2015 |publisher=Commissione d'Appello Federale – Federazione Italiana Giuoco Calcio |page=152 |language=it }}{{sfn|La Gazzetta dello Sport, 12 December 2006}}{{fcn|date=March 2025}} As part of the Calciopoli trials, Della Valle was criminally convicted of sports fraud with prosecutors seeking a 5 year prison sentence and permanent ban from sports management.{{Cite news |last=Kiefer |first=Peter |date=2006-07-15 |title=4 Teams Punished in Italian Scandal |url=https://www.nytimes.com/2006/07/15/sports/soccer/4-teams-punished-in-italian-scandal.html |access-date=2025-03-08 |work=The New York Times |language=en-US |issn=0362-4331}}

Della Valle was found guilty in November 2011 and sentenced to 15-month prison sentence.{{Cite web |last=Zargani |first=Luisa |date=2013-10-16 |title=Diego Della Valle's Sports Fraud Saga Continues |url=https://wwd.com/fashion-news/fashion-scoops/diego-della-valle-sports-fraud-saga-continues-7230274/ |access-date=2025-03-08 |website=WWD |language=en-US}} {{Cite web |title=Calciopoli: 5 anni e 4 mesi per Moggi. Colpevoli anche Lotito, i Della Valle, Bergamo e Pairetto |url=https://st.ilsole24ore.com/art/notizie/2011-11-08/moggi-condannato-anni-mesi-200241.shtml |access-date=2025-03-08 |website=Il Sole 24 ORE |language=it}} In December 2013, his appeals were rejected and the conviction was upheld but he was not required serve his prison sentence due to the statute of limitations expiring during his appeals.{{Cite web |title=Calciopoli e la prescrizione che salva i Della Valle - Panorama |url=https://www.panorama.it/lifestyle/calciopoli-della_valle-prescrizione-napoli-moratti |access-date=2025-03-08 |website=www.panorama.it |language=it}} He was also suspended for three years and nine months.{{Cite news |last=Kiefer |first=Peter |date=2006-07-26 |title=Court Reduces Penalties in Italian Match-Fixing Scandal |url=https://www.nytimes.com/2006/07/26/sports/soccer/26italy.html |access-date=2025-03-08 |work=The New York Times |language=en-US |issn=0362-4331}} He subsequently exited his ownership of ACF Fiorentina with Rocco Commisso buying the club.{{Cite news |last=Panja |first=Tariq |date=2019-06-06 |title=Rocco Commisso, Cosmos Owner, Buys Italy's Fiorentina |url=https://www.nytimes.com/2019/06/06/sports/rocco-commisso-fiorentina-cosmos.html |access-date=2025-03-08 |work=The New York Times |language=en-US |issn=0362-4331}} In February 2022, Della Valle was among those ordered to pay over 200,000€ in compensation to the Federazione Italiana Giuoco Calcio for legal costs due to their culpability in the scandal.{{Cite web |date=2022-02-18 |title=Calciopoli: Lotito, Della Valle e Moggi condannati a risarcire la Figc |url=https://www.ilmattino.it/sport/calcio/calciopoli_moggi_figc_lotito_della_valle-6512498.html |access-date=2025-03-08 |website=www.ilmattino.it |language=it}}

• Maserati, Member of the Board of Directors
• Banca Nazionale del Lavoro, Member of the Board of Directors
• Assicurazioni Generali, Member of the Board of Directors (–2012)[https://www.generali.com/media/press-releases/all/2012/Resignation-of-Diego-Della-Valle Resignation of Diego Della Valle] Assicurazioni Generali, press release of 5 June 2012.
• Ferrari, Member of the Board of Directors (–2012)John Arlidge (30 September 2012), [https://www.thetimes.com/travel/destinations/europe-travel/italy/tycoon-roars-off-ferrari-board-tz7pxcbtrzp Tycoon roars off Ferrari board] The Times.
• LVMH, Member of the Board of Directors (since 2002)

• General Confederation of Italian Industry, Member of the Executive Committee (–2006)Eric Sylvers (21 March 2006), [https://www.nytimes.com/2006/03/21/world/europe/an-old-ally-of-berlusconi-becomes-a-foe.html An old ally of Berlusconi becomes a foe] New York Times.Amanda Kaiser (6 April 2006), [https://wwd.com/feature/diego-della-valle-s-political-profile-539522-1993980/ Diego Della Valle’s Political Profile] Women's Wear Daily.

• 1996: Order of Merit for Labour
• 2024: Honorary citizen, Arquata del TrontoMartino Carrera (31 May 2024), [https://wwd.com/business-news/government-trade/tods-diego-andrea-della-valle-receive-arquata-del-tronto-honorary-citizenship-1236408895/ Tod’s Diego and Andrea Della Valle Receive Arquata del Tronto Honorary Citizenship] Women's Wear Daily.

In 1993, Della Valle supported and financed Silvio Berlusconi’s populist Pole of Freedoms coalition, but soon bowed out, citing differences in values.Andrea Lee (1 September 2011), [https://www.wmagazine.com/story/diego-della-valle-tods The Tycoon Next Door] W. Della Valle describes himself as a political moderate and publicly attacked Berlusconi for the over-taxing of big business and his failure to support smaller Italian businesses. In return, Berlusconi talked of suing Della Valle for defamation. Della Valle is close friends with centrist politician Clemente Mastella.

In the run-up to the 2013 elections, Della Valle financially supported Mario Monti's campaign.Andrea Cuomo (18 January 2013), [https://www.ilgiornale.it/news/interni/prof-ha-deluso-i-suoi-sponsor-i-grandi-capitali-lasciano-876147.html Il Prof ha deluso i suoi sponsor: i grandi capitali lo lasciano solo] Il Giornale. In 2015, Italian weekly newsmagazine L'Espresso reported that Della Valle had registered a logo proclaiming “Noi italiani [We Italians]” to the trademark office of the country’s Ministry of Economic Development, for categories related to a political party.Alexander Fury (23 September 2016), [https://www.nytimes.com/2016/09/23/t-magazine/fashion/diego-della-valle-tods-interview-milan-fashion-week.html Diego Della Valle of Tod’s on Design, Politics — and Tattoos] T: The New York Times Style Magazine.

In 2005, Della Valle bought a 52-foot mahogany Marlin yacht formerly owned by John F. Kennedy at a Christie’s auction.Liz Alderman (8 October 2010), [https://www.nytimes.com/2010/10/10/business/global/10tods.html A Shoemaker That Walks but Never Runs] New York Times. For his travels, he owns a helicopter (first a Eurocopter AS365 Dauphin, later replaced with a AgustaWestland AW139)James Reginato (9 March 2018), [https://www.vanityfair.com/style/2018/03/diego-della-valle-tods-leather-fashion-brand How Diego Della Valle Took Tod’s from Small-Town Cobbler to Global Success] Vanity Fair. and a private jet (first a Dassault Falcon 2000, later replaced with a Gulfstream G550).

Della Valle lives in Sant'Elpidio a Mare, where he owns the 370-acre Villa Palombarone. He also has residences in Milan, Paris, New York, La Gorce Island,[https://www.forbes.com/sites/trulia/2013/06/11/billy-joel-sells-miami-mansion-to-italian-billionaire-diego-della-valle/ Billy Joel Sells Miami Mansion To Italian Billionaire Diego Della Valle] Forbes, 12 June 2013. and a 12-acre compound in Capri.Peter Aspden (12 August 2011), [https://www.ft.com/content/84721c1c-c33f-11e0-9109-00144feabdc0 Lunch with the FT: Diego Della Valle] Financial Times.

In 2023, Della Valle suffered a decisive legal defeat with the Consiglio di Stato affirming a 2018 decision that upheld the municipality of Anacapri's 2012 order requiring that Della Valle halt and undo unauthorized expansions including a wellness centre, solarium enlargement, and structural renovations to his Capri residence, a property bound by strict environmental and cultural constraints.{{Cite web |last= |date=2023-06-15 |title=Lavori illegittimi a Villa Materita: Diego Della Valle perde la sua battaglia |url=https://www.stylo24.it/lavori-illegittimi-a-villa-materita-diego-della-valle-perde-la-sua-battaglia/ |access-date=2025-01-23 |website=Stylo24 - Ultime Notizie su Napoli e la Campania |language=it-IT}} Della Valle’s defences was dismissed as baseless.

In 2006, The Daily Mail reported that Diego Della Valle had given the EU Trade Commissioner, Peter Mandelson, a free yacht holiday and lavish meals as Mandelson imposed tariffs on Chinese shoes that benefitted him.{{Cite web |date=2025-02-04 |title=Lord Mandelson faces fresh questioning over his integrity after new allegations |url=https://www.telegraph.co.uk/news/politics/labour/3227110/Lord-Mandelson-faces-fresh-questioning-over-his-integrity-after-new-allegations.html |access-date=2025-02-04 |website=Telegraph|archive-url=https://web.archive.org/web/20250204221342/https://www.telegraph.co.uk/news/politics/labour/3227110/Lord-Mandelson-faces-fresh-questioning-over-his-integrity-after-new-allegations.html |archive-date=4 February 2025 }}{{Cite web |date=2025-02-04 |title=Lord Mandelson attacks 'innuendo' over Russian oligarch |url=https://www.thetimes.com/article/lord-mandelson-attacks-innuendo-over-russian-oligarch-s07kzg7l69k |access-date=2025-02-04 |website=The Times|archive-url=https://web.archive.org/web/20250204221858/https://www.thetimes.com/article/lord-mandelson-attacks-innuendo-over-russian-oligarch-s07kzg7l69k |archive-date=4 February 2025 }}{{cite web |date=2018-06-12 |title=Memo Pad: Friends in High Places… Testino Shoots Chace Crawford… Snapshot… – WWD |url=https://wwd.com/business-news/media/friends-in-high-places-chace-ing-winter-snapshot-1840215/ |access-date=2025-02-04 |website=WWD|archive-url=https://web.archive.org/web/20180612055544/https://wwd.com/business-news/media/friends-in-high-places-chace-ing-winter-snapshot-1840215/ |archive-date=12 June 2018 }}{{Cite web |date=2025-02-04 |title=The Corfu controversy: How the world really works {{!}} The Independent |url=https://www.the-independent.com/news/uk/politics/the-corfu-controversy-how-the-world-really-works-973817.html |access-date=2025-02-04 |website=The Independent|archive-url=https://web.archive.org/web/20250204221853/https://www.the-independent.com/news/uk/politics/the-corfu-controversy-how-the-world-really-works-973817.html |archive-date=4 February 2025 }} The appearance of corruption given the suspicious timing was widely reported in the British media.

Della Valle is married to architect Barbara Pistilli, his third wife.{{Cite web |title=Biografia di Diego Della Valle |url=https://www.cinquantamila.it/storyTellerArticolo.php?storyId=4fc5822aebab1 |access-date=2025-01-15 |website=www.cinquantamila.it |language=it}} Described as a "familial philanderer", he was previously married to her older sister, Simona.{{Cite web |date=2011-09-01 |title=The Tycoon Next Door |url=https://www.wmagazine.com/story/diego-della-valle-tods |access-date=2025-01-08 |website=W Magazine |language=en}} He has a son with both sisters making his sons simultaneously half brothers and cousins.{{Cite web |last=Rao |first=Venessa Lau,Priya |date=2010-04-21 |title=All In the Family: Notorious Familial Philanderers |url=https://wwd.com/feature/all-in-the-family-3046878-1327126/ |access-date=2025-01-08 |website=WWD |language=en-US}}

He is known as a womanizer.{{Cite web |last= |first= |title=Adusbef - MA QUANTE BELLE AMICHE, SIGNOR DELLA VALLE: LA CAPRI DELLO SCARPARO E' TUTTA UN BACIO |url=https://www.adusbef.it/articoli-e-studi/ma-quante-belle-amiche-signor-della-valle-la-capri-dello-scarparo |access-date=2025-01-15 |website=www.adusbef.it |language=en}} He also has a child with the journalist Barbara Parodi Delfino.{{Cite web |date=2017-03-24 |title=montezemolo visto da perna: la sciantosa dell'industria nazionale. presidente da sempre di qualcosa |url=https://www.dagospia.com/business/montezemolo-visto-perna-sciantosa-dell-industria-nazionale-presidente-144349 |access-date=2025-01-15 |website=Dagospia |language=it-IT}}

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