Kering Takes 20% Stake in Raselli Franco Group for €115M, Eyes Full Ownership by 2032
Event summary
- Kering has acquired a 20% stake in Raselli Franco Group, a major independent luxury jewelry manufacturer, for €115 million.
- The deal, announced in December 2025, includes a pathway to full ownership by 2032.
- The acquisition aims to accelerate Kering Jewelry's growth and strengthen control over its supply chain.
- Kering generated €14.7 billion in revenue in 2025, employing 44,000 people.
The big picture
Kering's acquisition of a stake in Raselli Franco Group aligns with its strategy to bolster its jewelry segment and secure greater control over its supply chain. This move comes amid broader industry trends of luxury conglomerates consolidating manufacturing capabilities to ensure quality and sustainability. With a deal size of €115 million and a clear pathway to full ownership, Kering is positioning itself for long-term growth in the competitive luxury jewelry market.
What we're watching
- Integration Strategy
- How Kering will integrate Raselli Franco Group's operations to drive long-term growth across its jewelry houses.
- Full Ownership Timeline
- Whether Kering can successfully navigate the pathway to full ownership by 2032 without regulatory or operational hurdles.
- Supply Chain Control
- The pace at which Kering strengthens its control over the luxury jewelry value chain through this acquisition.
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