Kering is consolidating its jewelry operations into a newly established division
Kering announced yesterday the creation of Kering Jewelry. The new division brings together the brands Boucheron, Pomellato, Dodo, and Qeelin, as well as the Raselli Franco Group, which is currently being integrated into the company.
At the end of last year, Kering announced that it had acquired a 20 percent stake in the jewelry manufacturer Raselli Franco and indicated its intention to complete the acquisition by 2032.
Jean-Marc Duplaix has been appointed CEO of Kering Jewelry, effective immediately. The CEOs of the jewelry houses will report to him, a move intended to strengthen strategic direction and operational coordination. He will retain his responsibilities as the Group’s COO, including finance, M&A, investor relations, real estate, digital, and the general secretariat.
Kering CEO Luca de Meo commented: “With Kering Jewelry, we are creating a powerful and unified platform for the Group that supports the ambitions of our brands in a field where creativity and excellence are inextricably linked. “I am delighted with Jean-Marc’s appointment. His experience will play a key role in helping the Group realize its full potential in the jewelry segment.”
Luca de Meo took over as CEO of Kering just last September. Since then, the luxury goods group has been undergoing a comprehensive restructuring process. This includes the creation of the “Industry” and “Client” centers of excellence.
