Kering to Gradually Acquire Raselli Franco Group, a Jewelry Manufacturer

Initial Acquisition Details

According to the press release, Kering will initially acquire a 20% stake in Raselli Franco Group during the first quarter of 2026 for an amount of 115 million euros. The agreement outlines a staggered acquisition path leading to full ownership by 2032. The completion of the transaction remains subject to customary closing conditions and necessary regulatory approvals. This operation is part of the group's strategy to strengthen control over its value chain and support the long-term growth of its jewelry houses.

Background of Raselli Franco Group

Founded in 1969, Raselli Franco Group is described by Kering as one of the largest independent luxury jewelry manufacturers in Europe. The family-owned business, a long-standing partner of the group, reportedly has state-of-the-art manufacturing facilities and covers the entire value chain from sourcing raw materials and precious stones to design, assembly, and quality control. The group notes that Raselli has particular expertise in CNC casting and machining, allowing for high-precision work with precious materials. This technical mastery is presented as a unique skill in the industry.

Strategic Implications of the Acquisition

This acquisition aims to consolidate the production capabilities of the group's jewelry houses, namely Boucheron, Pomellato, Dodo, and Qeelin. According to Kering, these brands demonstrate growth dynamics and significant revenue recurrence, providing them with long-term resilience. CEO Luca de Meo described this move as a strategic step that illustrates the group's ambition in the jewelry field. Andrea Raselli, leader of Raselli Franco Group, emphasized that this agreement will allow the company to continue its collaboration with luxury partner houses, while sharing common values of excellence and innovation.