The chairman of upscale shoe and leather goods group Tod's on Monday said his firm sees huge profit growth for the next couple of years and plans to boost its presence in Asia.

Diego Della Valle told shareholders "in the next two or three years we will grow at such a pace you would think we had made an acquisition" before adding he does not plan any buy-outs.

His company, which recently posted a 14 per cent climb in pre-tax profit and owns the Hogan footwear and Fay apparel brands, also plans to add to its network of 71 stores and will focus on Japan in particular.

"Since we plan no acquisitions and so won't have to bear those sorts of costs, we will have excellent profit growth for the sector," he added.