Tod's shares soar on $90.5m deal with French group LVMH

FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker. Shares in the Italian luxury fashion group Tod’s jumped by more than 10%, to 39.02 euros, Friday on news of the 75-million-euro deal. (AP Photo/Thibault Camus, File)