Introducing Salvatore Ferragamo

Investors in the Elevation Capital Global Shares Fund own a share of Salvatore Ferragamo (BIT:SFER), an iconic brand globally renowned for its finely crafted fashion products and accessories. Rising to fame as a shoemaker for movie stars in Hollywood such as Marilyn Monroe,  Salvatore Ferragamo has grown from a small presence in Florence, Italy to become one of the most respected fashion brands in the world.  Ferragamo has a strong heritage in the art of craftsmanship, with the founder leaving behind 20,000 models and 350 patents. While performance in recent times has been sluggish, we believe the appointment of former Burberry CEO, Marco Gobbetti, represents an inflection point in the revitalisation of the brand and its valuable archive. 

The Elevation Capital Global Shares Fund has owned Salvatore Ferragamo since July 2021 when the stock was trading at an attractive discount to our valuation range of €25.40 to €31.57, offering potential upside of +49.65% to +86.04% from the Elevation Capital Global Shares Fund’s historical cost basis as at 22 November 2021, and +27.49% to +58.49% potential upside from the current market price of €19.92 as at 22 November 2021. To learn more please read our Investment Summary Report by clicking the button below.