Elevation Capital Value Fund: Investors in the Fund own a share of Tod’s SpA. Tod’s is one of the leading global players that produces and sells shoes, luxury leather goods and casual wear. It is 60.66% owned by Diego Della Valle. Tod’s has underperformed in recent years due to Management’s poor execution and a failed change in strategic direction that sought to increase the fashion component of Tod’s business. We expect margins to improve as Management refocuses its efforts on creating products that truly reflect Tod’s core proposition: Made in Italy, Italian quality and Italian lifestyle. We believe the stock is significantly undervalued
Learn more about Tod’s SpA and why we are invested in the business by reading our presentation here.