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Flavio Cereda

Flavio Cereda - Investment Manager

Flavio Cereda, Investment Manager, co-manages GAM’s Luxury Brands investment strategy and is part of the European Equity team led by Niall Gallagher.

Prior to joining GAM, Flavio had been Head of Luxury Goods Research at Jefferies International for six years. His previous experience also includes 11 years at Bank of America Merrill Lynch where he was Managing Director EMEA Equity Research, and five years at Lazard Capital Markets where he was Director of Research. He has deep knowledge of the brands, their supply chains, distributors and retailers across all markets as well as insights into the sector informed by multi-year social media trend tracking. Flavio holds an MSc from the London School of Economics & Political Science (LSE). He is based in London.

Flavio Cereda

My Insights

Active Thinking
Active Thinking: Top of the Luxury Pyramid
26 April 2024

Flavio Cereda, Investment Manager, Luxury Equities, highlights the polarisation within the luxury sector, defines what he calls the ‘luxury pyramid’ and discusses two of the stocks that he feels exemplify the top of the pyramid.

Investment Opinions
LVMH 2023 results: What could they mean for the luxury sector?
05 February 2024

While LVMH’s latest results spark hope for a sales recovery across the luxury sector, Flavio Cereda, Investment Manager, Luxury Equities, discusses their implications and the growth normalisation.

Outlook 2024
Outlook 2024: Flavio Cereda (Luxury Brands)
December 2023

Luxury Brands – Stock picking in 2024 will be more important than at any time since 2016

Active Thinking
Active Thinking: The Luxury Sector in the Post-Covid Era – Polarisation
13 November 2023

Flavio Cereda, Investment Manager, Luxury Equities, explores the post-Covid transformations in the luxury sector and how the top brands have adapted. He also discusses the future implications and opportunities.