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Hitch in Tod's Plans to Restore the Colosseum?

On Monday, Italy’s antitrust authority said it agreed with Codacons, which has expressed a negative opinion of the firm's proposed sponsorship.

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ROMAN HITCH: There may be a glitch in Tod’s SpA’s plans to restore the Colosseum. On Monday, Italy’s antitrust authority said it agreed with Codacons, Italy’s consumer protection organization, which that same day expressed a negative opinion of Tod’s proposed sponsorship. The antitrust authority highlighted “a series of distortions” concerning Tod’s bid versus competing ones and a lack of detailed projects.

In December 2010, Tod’s chief Diego Della Valle said he was planning to donate 25 million euros, or almost $31 million at current exchange, for the restoration of the landmark. A Tod’s spokeswoman said the company had no comment.