Editor’s Note
Kering has launched Kering Jewelry, a new organization consolidating its jewelry brands and manufacturing operations, signaling a strategic push to capitalize on the sector’s growth potential.
KERING announced on March 16 the establishment of a new organization, Kering Jewelry, to accelerate growth in its jewelry business. The new entity will consolidate the jewelry brands previously under the ‘Other Maisons’ division—Boucheron, Pomellato, Dodo, and Queelin—along with jewelry manufacturing companies, integrating their production systems. Jean-Marc Duplaix, Chief Operating Officer (COO), will also serve as CEO of the new organization, with the CEOs of each maison reporting directly to him.
Alongside the establishment of Kering Jewelry, Kering has reorganized its structure. Starting from the first quarter of 2026 (January-March), the group will report financial results under four divisions: Fashion & Leather Goods, Kering Jewelry, Kering Eyewear, and Corporate & Other.
The Fashion & Leather Goods division will include Gucci, Saint Laurent, and Bottega Veneta, as well as Balenciaga, McQueen, and Brioni, which were previously in the ‘Other Maisons’ division. Only Gucci, the flagship brand, will continue to report its individual performance. The Corporate & Other division will include the tableware brand Ginori 1735 and the group’s management services.
Luca de Meo, who became CEO in September 2025 and is leading Kering’s business turnaround, stated:
When Kering announced its full-year 2025 results, CEO de Meo told analysts in a briefing that he sees ‘significant growth potential in the jewelry sector.’ He noted that a decade ago, Gucci handled about three times the volume of jewelry it does now, and commented that he wants to strengthen jewelry offerings across other fashion brands as well.
Meanwhile, Bernard Arnault, Chairman and CEO of LVMH Moët Hennessy Louis Vuitton, also highlighted jewelry as a sector for further growth during his group’s full-year 2025 results announcement.
J. Front Retailing, Parco, Daimaru Matsuzakaya Department Stores, and J. Front Urban Development held a press conference on March 17 to announce details of the new luxury mall ‘HAERA’ opening in the Sakae district of Nagoya.
The opening date is June 11. It will occupy the basement 2nd floor to the 4th floor of ‘The Landmark Nagoya Sakae’ (41 floors above ground, 4 below), a high-rise building approximately 211 meters tall jointly developed by five companies including Mitsubishi Estate and J. Front Urban Development. With the concept of a ‘public museum,’ the mall will feature 65 stores centered on fashion, food, and art, of which 40 will be first entries in the Tokai region and 16 will be new business formats.
On the first floor facing Otsu-dori, the main street running through Sakae Station, Chanel, Hermès, Louis Vuitton, and Cartier will open street-level boutiques of the largest or among the largest scale in the Chubu region. Chanel will occupy three floors, making it one of the largest in Japan, featuring a care & repair salon and a VIP salon on the top floor, offering a deep experience of the maison’s world. Louis Vuitton, the largest in the Chubu region, will offer a wide range of products including ready-to-wear and shoes, along with an exclusive salon. Hermès, spanning four floors and the largest in the Chubu region, will feature a facade with full glass and braided cords depicting two galloping horses, showcasing collections from fashion to beauty. Cartier’s space will be characterized by a champagne-toned facade and a fusion of different materials such as Nishijin brocade and domestic wood, with a relaxing private space and all categories available across the first and second floors.
In addition to these top maisons, the first to third floors will feature edgy select shops and stores offering high-quality basic wear and fragrances from Japan and abroad.
Tenant List (65 stores total)
Street-level stores (maisonette stores):
CARTIER <1-2F>, CHANEL <1-3F>, HERMÈS
1F: Fashion & Lifestyle
SKIMA, NONFICTION, BYREDO, FUEGUIA 1833, DIPTYQUE
2F: Fashion & Lifestyle
ARC’TERYX, DESCENTE, SNOW PEAK
3F: Fashion & Lifestyle
MIDWEST, AAPE STORE, SAVE THE DUCK, ECCO, AGNÈS B., COS, RINKAN, FOR NINES, GANZO, CLARKS ORIGINALS, SMYTHSON, MACQLO
4F: Restaurants
BRIANZA NAGOYA, SUMIYAKI UNAFUJI, MACAON PINTXOS Y ARROCES, YORONIKU NAGOYA, WAGYU SUGIMOTO SAN, TSUKISHIMA MONJA TAMATOYA, TSUKIJI SUSHI KURO
B1F: Food, Sweets & Cafe
TSUBOTA HANAEN, LOUANGE TOKYO LE CHÂTEAU, PIERRE MARCOLINI, TEAPOND, L’ABEILLE, PATISSERIE GIN NO MORI LUDIQUE, LA MAISON DU R NAGOYA, NATIONAL BAKERY, MEMENTO MORI, AKASAKA OGINO WAGAN, MARUYAMA COFFEE, YONEMURA THE STORE, MR. CHEESECAKE, CARAMEL CAMEL, YUEN, BON ALLURE
B2F: Restaurants & Cafe
STA., ERICK SOUTH, STARBUCKS RESERVE® CAFE, SOLO PIZZA NAPOLETANA DA LUIGI SAKAE, TEMPURA NO HAMAKIN, SNACK PILLARS, KOUGEI, HAKATA MOTSUNABE OOYAMA, MEN TO MAE TAKASAGO, TONKATSU WADAFUKU, KAITENZUSHI GINZA ONODERA, TACHINOMI HIKITE AMATA, PO-TAMA, YAKINIKU STEAK BENTO SEJONG X NORIBEN ICHINOYA, YAKITORI TORIKOKORO, CAFÉ/BISTRO PARISIEN LE BEURRE NOISETTE, NAGOYA COCHIN TORI ODEN SHIMIZU, TACHIGUI SUSHI KIWAMI
HAERA
Location: The Landmark Nagoya Sakae, B2F-4F, 3-25-1 Nishi-ku, Nagoya
Total floor area: approx. 18,776 sqm
Opening date: June 11, 2026 (Thursday)
*Reservation may be required for the first few days
Business hours: Retail/Services 10:00-20:00, Dining 11:00-23:00 max
Closed: Irregular