Editor’s Note
**Editor’s Note:** Kering has agreed to acquire a 20% stake in Italian jeweler Raselli Franco Group, with a phased investment plan starting at €115 million in Q1 2026 and full ownership targeted by 2032. The deal underscores Kering’s strategy to deepen control over its luxury supply chain.
Kering has signed an agreement to buy a 20% stake in Italian-headquartered jewelry manufacturer Raselli Franco Group.
The purchase will take place over multiple phases, Kering said last week. The initial investment of EUR 115 million ($135 million) will occur in the first quarter of 2026, with a plan to take on full ownership by 2032. Completion of the deal is subject to customary conditions and regulatory approvals.
Raselli Franco specializes in jewelry prototyping and production. Its operations span the entire value chain, including sourcing precious stones and raw materials, design, component production and quality control. It has been a strategic partner for Kering over the past decades, the luxury group said.
Kering’s jewelry houses — Boucheron, Pomellato, Dodo and Qeelin — have shown strong momentum and high revenue performance in recent quarters. The acquisition will strengthen Kering’s production capabilities and craftmanship, supporting its strategic ambitions in jewelry, it said.
Image: Jewelry Manufacturing. (Raselli Franco)
