Kering has taken a significant step in expanding its jewellery ambitions by acquiring a 20% stake in Italy-based Raselli Franco Group for €115 million. The move is part of a phased plan that will see the luxury conglomerate gradually assume full ownership by 2032.
Founded in 1969, Raselli Franco Group is regarded as one of Europe’s leading independent jewellery manufacturers, offering end-to-end expertise across sourcing, design, development, and production.
This investment aligns with Kering’s broader strategy to strengthen its jewellery division while gaining greater control over its manufacturing processes. By integrating capabilities more closely, the group aims to support the growth of its jewellery Houses, including Boucheron, Pomellato, DoDo, and Qeelin.
The deal also reflects a larger industry shift toward vertical integration, as luxury players look to reduce dependence on external suppliers and build more resilient, scalable operations. With jewellery continuing to emerge as a high-growth segment, Kering is positioning it as a central pillar within its evolving portfolio.