fashion-scoops
fashion-scoops

Diego Maximus: Della Valle Colosseum Plans at Crossroads

After threatening earlier to waive his bid to restore the iconic amphitheater, the executive said that he was holding off on that decision.

fashion-scoops/news
View Slideshow

Diego Della Valle

Photo By Courtesy Photo

DIEGO MAXIMUS: Tod’s chief Diego Della Valle isn’t getting a thumbs-down sign yet.

After threatening earlier on Thursday to cancel his plan to restore the Colosseum, the executive said during an impromptu press conference held in Rome later that day that he was holding off on that decision. Della Valle, who had met with Italy’s minister of cultural assets, Lorenzo Ornaghi, in the morning, said: “We await the result of the inquiries, as per the minister’s request, but we pray the authorities will act quickly and well.”

The entrepreneur’s efforts to restore the iconic amphitheater in Rome with a donation of 25 million euros, or $31.8 million at current exchange, are being thwarted by a series of bureaucratic glitches, and by an investigation by the Court of Auditors and Rome’s public prosecutor.

View Slideshow
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false