Editor’s Note
Kering’s strategic investment in the Raselli Franco Group marks a significant move into high-end jewelry manufacturing, securing both expertise and future control of a key Italian atelier.
Luxury conglomerate Kering has acquired a 20% stake in Italian jewelry maker Raselli Franco Group, with a plan to take over the latter company by 2032.
The initial stake cost 115 million euros (approximately $135 million), Kering said.
Founded in 1969, the Valenza-based Raselli Franco Group has been family-owned since its inception, and is known for its skill in sourcing, casting, research and development, and design.
Kering CEO Luca de Meo said in a statement.
Kering’s statement said that the three jewelry companies it owns—Boucheron, Pomellato, Dodo, and Qeelin—have “experience[d] strong momentum and significant revenue recurrence that drive long-term resilience.”
(Photo courtesy of Raselli Franco Group)