Editor’s Note
**Editor’s Note:** Kering signals a strategic shift under new CEO Luca de Meo, announcing its first external acquisition since his September appointment. The group will fully acquire longtime partner Raselli Franco Group by 2032, marking a calculated move to strengthen its jewelry portfolio amid broader cost discipline.
The luxury group has just announced the signing of an agreement to acquire, by 2032, the entire capital of the Italian jewelry manufacturer, its long-standing partner. This is Kering’s first external growth operation since the arrival of its new CEO Luca de Meo in September.
Although Kering has been tightening its belt since Luca de Meo took over as CEO last September, it is also capable of seizing strategic opportunities. The luxury group has just unveiled its first external growth operation of the Luca de Meo era. In a press release dated December 18, it announced
The transaction will take place in several stages. Initially, Kering will pay €115 million to acquire a 20% stake in the Raselli Group in the first quarter of 2026. The agreement then provides for
with the finalization of the transaction remaining subject to customary closing conditions and regulatory approvals.
Featured photo: © Raselli Franco Group