Tod's creative director Tamburini exits as revenue falls 7.7%

Tod's creative director Matteo Tamburini will step down, the Italian luxury house confirmed on 10 November, as the brand changes strategic direction and searches for a successor.

The announcement comes with the group under measurable financial pressure. Tod's revenue fell 7.7% to €966 million (£807.5 million) in 2025, down from €1.046 billion (£0.875 billion) a year earlier, while EBITDA dropped to €144.7 million (£120.9 million) from €173.2 million (£144.7 million), and the company attributed the decline mainly to weak demand in Greater China, where revenue fell 15.5%.

What does the departure change?

Tod's framed the move as a decision to "more decisively" communicate the brand's values, the character of its codes, the artisanal quality of its products and the Italian lifestyle. No successor has been named, leaving the creative leadership of both men's and women's collections vacant at a house that has now lost two senior executives this year.

Tamburini led the creative team since 2023 and presented his final collection for Tod's, spring/summer 2027, at Milan Fashion Week in September. Chairman and Chief Executive Diego Della Valle thanked the designer for his "creative and professional contribution throughout his tenure" and wished him success in his future career.

Tamburini said the brand had been "an important chapter in my professional journey and an opportunity to bring my creative vision to the brand."

"I am proud of what we have achieved together and grateful to the Della Valle family for the opportunity they have given me," he said. "Above all, I would like to thank the talented people I have had the pleasure of working with, whose passion and dedication have made this experience so meaningful."

Who is leaving, and who is in charge?

Tod's named Tamburini as creative director for both men's and women's collections in December 2023. He made his runway debut with the autumn/winter 2024/25 womenswear collection in Milan in February 2024. He joined from Bottega Veneta, where he held the position of Head Designer for Ready-to-Wear, with earlier roles at Rochas, Schiaparelli and Emilio Pucci.

His exit is the second senior departure at Tod's this year. Chief Executive John Galantic left at the end of April for personal reasons, having joined in September 2024. Della Valle now holds both the Chairman and Chief Executive titles.

The leadership churn follows a structural shift in ownership. Tod's delisted from the Euronext Milan stock exchange in June 2024, after partnering with private equity firm L Catterton, which is associated with LVMH. In his 2023 shareholder letter, Della Valle linked that move to a plan to strengthen the group's individual brands, which also include Roger Vivier, Hogan and Fay.

What comes next?

The brand has set no timeline for naming a successor, leaving the spring/summer 2027 collection shown in September as Tamburini's final output while the group manages a China-driven revenue decline under consolidated family leadership.