Wedoany.com Report on Feb 11th, The French luxury group Kering announced on Thursday that it will acquire a partial stake in the family-owned Swiss jewelry manufacturer Raselli Franco Group. According to the statement, Kering will make an initial investment of €115 million in the business, acquiring a 20% stake.

This transaction marks Kering's first acquisition under its new Chief Executive Officer, Luca de Meo. Under the agreement, Kering's shareholding will be gradually increased to full ownership by 2032. This move reflects the group's commitment to expanding into business areas less affected by the cyclical fluctuations of the fashion industry.

De Meo stated in the declaration: "This investment will secure critical manufacturing capabilities for us and accelerate our development in the jewelry sector." Kering owns jewelry brands such as Boucheron and Pomellato. This acquisition of the Swiss jewelry manufacturer aims to strengthen the group's supply chain and specialized production capabilities in the high-end jewelry segment.

Kering's investment action reflects a trend among major luxury groups to consolidate their core category strength by integrating upstream premium manufacturers. Controlling key production stages helps brands enhance their control over product quality and craftsmanship standards.

The group stated that this equity acquisition is part of its established strategy to reinforce its long-term competitiveness in the hard luxury market. Following the completion of the transaction, Raselli Franco's existing management team will continue to oversee operations. Kering plans to achieve full ownership of the manufacturer through subsequent capital increases.