Editor’s Note
Kering’s move to acquire a stake in the Raselli Franco Group marks a significant strategic investment in the high-end jewellery sector. This initial €115 million deal underscores the luxury conglomerate’s ambition to diversify and strengthen its portfolio beyond fashion and leather goods.
French luxury group Kering announced on Thursday that it will acquire the family-owned jewellery producer Raselli Franco Group, with an initial investment of €115 million ($134.76 million) for a 20 percent stake.
Kering stated that this 20 percent stake will be progressively expanded to achieve full ownership of the business by 2032.
This acquisition, the first major move by the heavily indebted luxury group under its new Chief Executive Luca de Meo, underscores the group’s strategy to diversify into product categories that are less susceptible to the cyclical downturns of the fashion industry.
said de Meo. Kering’s existing jewellery portfolio includes brands such as Boucheron and Pomellato.
As leather goods face challenges from rising prices and quality concerns, fine jewellery is increasingly seen as a resilient and high-growth star within the luxury sector.