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Kering Buys into Italian Jewellery Craftsmanship
20 Dec
Summary
- Kering secures 20% stake in Italian jewellery maker Raselli Franco Group.
- The acquisition could lead to Kering's full ownership by 2032.
- Initial purchase for €115m ($134.78m) is expected in Q1 2026.
Kering has announced an agreement to acquire Raselli Franco Group, an esteemed Italian manufacturer specializing in luxury jewellery. The deal involves an initial acquisition of 20% of the family-owned business, with provisions for Kering to potentially achieve full ownership by 2032. This strategic move is anticipated to finalize in the first quarter of 2026, with an initial investment of €115 million ($134.78 million), subject to regulatory approvals.
The acquisition marks a significant step in Kering's ambition within the jewellery market, bringing Raselli Franco Group's exceptional savoir-faire and innovative capabilities under its umbrella. Established in 1969, Raselli Franco Group manages the entire jewellery production cycle, from sourcing materials to final assembly, and has a long-standing relationship with Kering's existing jewellery houses.
This partnership is designed to reinforce Kering's value chain and accelerate the growth of its jewellery brands, including Boucheron and Pomellato. Raselli Franco Group's CEO expressed delight at the agreement, highlighting the strengthening of the company and its continued ability to serve its long-term Maison partners effectively.
