Kering Reveals Planned Acquisition of Raselli Franco Group, Prominent Jewelry Maker
Acquisition Announcement: Kering has announced a staged acquisition of Raselli Franco Group, a leading European jewelry manufacturer, starting with a 20% stake for €115 million, with plans for full ownership by 2032.
Strategic Importance: This acquisition is a significant move for Kering, enhancing its production capabilities and reinforcing its commitment to excellence and sustainability in the jewelry sector.
Raselli Franco Group's Expertise: Founded in 1969, Raselli Franco Group is recognized for its innovation and craftsmanship in high and fine jewelry, covering the entire value chain from sourcing to quality control.
Leadership Comments: Kering's CEO emphasized the strategic milestone this acquisition represents, while Raselli's CEO expressed enthusiasm for the partnership, highlighting shared values of excellence and innovation.
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