Strategic restructuring of Gucci's parent company Kering continues

Kering has announced the phased acquisition of the Raselli Franco Group. The Italian company is one of the largest independent manufacturers of luxury jewelry in Europe.

The Kering Group, which owns the luxury brand Gucci, has been struggling for some time now with Sales declines across all divisions and markets away. On September 15, 2025, it took over. Luca de Meo He relinquished the CEO position and didn't hesitate long with strategic decisions, selling the company in October. Beauty division at L'Oréal. Now they themselves went on a buying spree and expanded the group's jewelry segment.

Complete takeover of the Raselli Franco Group as an option

The acquisition of the Raselli Franco Group will take place in several stages, beginning with an initial 20 percent stake in the first quarter of 2026 for €115 million. This includes an option for a full takeover by 2032. The luxury goods group describes this transaction as part of its strategy to support the long-term growth of its brands and strengthen its control over the value chain.

Founded in 1969, the Raselli Franco Group has modern production facilities and extensive know-how covering the entire value chain in jewelry manufacturing – from the procurement of raw materials and gemstones to research and development, design, component manufacturing and assembly, and quality control.

Luca de Meo (CEO Kering) and Andrea Raselli (CEO Raselli Franco Group) emphasize commonalities

Luca de Meo, CEO of Kering, commented: „This acquisition is a strategic milestone for Kering and underlines our ambitions in the jewelry sector. The Raselli Franco Group brings exceptional expertise and innovative strength, based on a rich tradition and a strong commitment to sustainability. By securing key production capacity for our jewelry business, this partnership strengthens our value chain and accelerates the growth of our brands. It reflects our unwavering pursuit of excellence and our determination to actively shape the future of jewelry.“

Andrea Raselli, CEO of the Raselli Franco Group, adds: „I am delighted about this agreement with Kering. It strengthens our position and allows us to continue providing the best possible support to the houses with whom we have proudly collaborated for so many years. As a family business, we share the same values of excellence, innovation, and agility, as well as the same ambition to contribute to the future of jewelry.“

kering.com