Editor’s Note
Kering signals a strategic shift back to acquisitions with a major investment in jewelry, beginning with a €115 million stake in Raselli Franco in early 2026.

Kering Returns to Acquisitions and Bets on Jewelry
The group will initially acquire a 20% stake in the company Raselli Franco during the first quarter of 2026 for an amount of 115 million euros in cash, and is then expected to gradually buy out the entire company.