Kering announces staged acquisition of Raselli Franco Group
French luxury goods conglomerate Kering has announced the acqusition of Italian jewelry manufacturer Raselli Franco Group.
Starting with an initial 20 percent stake in the first quarter of 2026 for 115 million Euros, the acquisition will be completed in several stages, with a clear pathway to full ownership by 2032 and is subject to customary closing conditions and regulatory approvals.
Founded in 1969, Raselli Franco Group is one of the largest global independent luxury jewelry manufacturers in Europe. The family-owned company is renowned for its expertise and excellence in crafting both high jewelry and fine jewelry pieces for leading luxury brands. Over the last decades, it has been a strategic partner for Kering due to its longstanding commitment to the highest quality, innovation, and traceability standards.
‘This acquisition marks a strategic milestone for Kering, embodying our ambition in jewelry. Raselli Franco Group brings exceptional savoir-faire and innovation, anchored in a rich heritage and a strong commitment to sustainability. By securing critical manufacturing capabilities for our jewelry activity, this partnership will strengthen our value chain and accelerate the growth of our Houses. It reflects our unwavering commitment to excellence and our determination to shape the future of jewelry,’ Luca de Meo, CEO of Kering stated in a press release.
‘I am delighted of this agreement with Kering. It will reinforce us and allow us to continue to serve to the best of our abilities the Maisons with whom we have been proud to collaborate for so many years. As a family-owned company, we share the same values of excellence, innovation, and agility, as well as the same ambition to contribute to the future of jewelry,’ Andrea Raselli, CEO of Raselli Franco Group added.
Kering’s acquisition of Raselli Franco Group will strengthen its production capabilities, and reinforce its excellence in craftsmanship. It will further support the conglomerates’ strong ambitions of its Jewelry Houses – Boucheron, Pomellato, Dodo and Qeelin in the jewelry segment.
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