Editor’s Note
Kering’s phased acquisition of Raselli Franco Group signals a strategic push into high-end jewelry manufacturing, aiming for full ownership by 2032. This move underscores the luxury conglomerate’s focus on vertical integration and securing supply chains in a competitive market.
Kering, the parent company of brands including Gucci, has announced a phased acquisition of Raselli Franco Group, a leading European jewelry manufacturer. The plan involves acquiring a 20% stake for €115 million (approximately ¥21 billion) in the first quarter of 2026, with the aim of making it a wholly-owned subsidiary by 2032.
Founded in 1969, the Raselli Franco Group possesses state-of-the-art manufacturing facilities and extensive in-house expertise covering the entire value chain, from sourcing raw materials and gemstones to R&D, design, component production, assembly, and quality control. Its proficiency in jewelry prototyping and manufacturing is internationally recognized. Its unique mastery of both casting and CNC (Computer Numerical Control) machining is considered a critical asset for high jewelry and fine jewelry production.
The group has been a strategic partner to Kering for decades, supporting its jewelry maisons such as Boucheron, Pomellato, Dodo, and Qeelin. This acquisition is intended to strengthen Kering’s production capacity and further enhance its craftsmanship excellence.
Kering CEO Luca de Meo described the acquisition as a “strategic milestone” for the group.
Andrea Raselli, CEO of the Raselli Franco Group, commented: