Italian entrepreneur and influencer Chiara Ferragni has stepped down as a board member of Tod's Group, as reported by AFP. Di.Vi. Finanziaria, Tod's majority shareholder, recently released a list of nine candidates for the upcoming term of the board of directors, with Ferragni's name notably absent. Ferragni had joined Tod's Group's board of directors in April 2021, with her appointment attributed to her strong connection with the younger demographic.
Upon the announcement of Ferragni's appointment, Tod's stock price experienced a significant increase of 12.19 percent. However, the decision not to retain Ferragni as a board member has raised questions, particularly in light of her involvement in an alleged fraud case with the Italian consumer watchdog.
