Editor’s Note
Kering is strategically expanding its fine jewelry capabilities with a phased acquisition of Italy’s Raselli Franco Group, aiming for full ownership by 2032. This move strengthens the luxury group’s supply chain for its portfolio of jewelry houses.
Signaling its strong ambitions in fine and high jewelry, Kering said it will acquire family-owned Italian manufacturer Raselli Franco Group in stages, starting with a 20 percent stake for 115 million euros, slated for completion in the first quarter of 2026.
“The agreement includes a clear pathway to full ownership by 2032,” the French luxury group said in a statement.
Kering’s jewelry houses are Boucheron, Pomellato, Dodo and Qeelin, which “experience strong momentum and significant revenue recurrence that drive long-term resilience,” it said.
Founded in 1969, Raselli Franco Group does jewelry prototyping and end-to-end production.
According to Kering, it boasts state-of-the-art manufacturing sites and handles everything from sourcing raw materials and precious stones to R&D, design, component production, assembly, and quality control.
“Its long-standing commitment to the highest quality, innovation, and traceability standards has made it a strategic partner for Kering over the last decades,” the French group said. “This transaction is part of Kering’s strategy to support its houses’ long-term growth and reinforce control over its value chain.”
According to its website, Raselli Franco Group employs more than 500 people and produces more than 300,000 pieces annually.
