Kering to Acquire Stake in Jewelry Manufacturer Raselli Franco

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.

“This acquisition marks a strategic milestone for Kering, embodying our ambition in jewelry,” Kering CEO Luca de Meo commented. “Raselli Franco Group brings exceptional savoir-faire and innovation, anchored in a rich heritage and a strong commitment to sustainability. By securing critical manufacturing capabilities for our jewelry activity, this partnership will strengthen our value chain and accelerate the growth of our houses.”

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)