Further Iconic Fashion Houses added to the Portfolio

There are few fashion houses more iconic than Gucci, Saint Laurent and Balenciaga - all of them have left an indelible impact on fashion from the mid-20th Century till today. One unlikely company owns all these iconic houses: Kering S.A. The company began life as a timber trading company in 1963, and has since become a luxury conglomerate. Investors in the Elevation Capital Global Shares Fund hold an investment in Kering. We once again added Kering to the portfolio during the market sell-off in February 2022, as we believe it is deeply undervalued relative to its intrinsic value and luxury peers. To learn more, please read our Investment Summary Report by clicking the link below.