Kering Takes 20% Stake in Raselli Franco for €115M

Kering has finalized the first step of its acquisition of Raselli Franco Group by taking an initial 20% participation for 115 millions d'euros. Raselli Franco Group is described as one of Europe’s largest independent luxury jewelry manufacturers.

Under the terms announced on December 18, 2025, Kering’s agreement includes a schedule for complete acquisition by 2032. Kering said the move supports the development of Kering Jewelry, long-term growth of its Houses, and tighter control of its value chain.