Editor’s Note
This article details Kering’s strategic investment in the Raselli Franco Group, marking its first major acquisition under new CEO Luca De Meo. The move signals a clear push by the luxury conglomerate to expand and diversify its portfolio into the high-margin jewelry sector.
Kering’s Strategic Move into Jewelry
PARIS, December 18 (Reuters) – Kering announced on Thursday a 20% stake acquisition in jewelry manufacturer Raselli Franco Group for an amount of 115 million euros.
The French luxury group plans to acquire all shares of the company by 2032.
This is the first acquisition made by Kering since Luca De Meo took over as Chief Executive Officer, highlighting the group’s desire to diversify its activities.
“This acquisition marks a strategic step for Kering and illustrates our ambition in the field of jewelry,” said Luca De Meo in a statement. “By securing essential production capabilities for our jewelry business, this partnership will strengthen our value chain and accelerate the growth of our houses.”