on KERING (EPA:KER)
Kering to Acquire Raselli Franco Group in Strategic Jewelry Expansion
Kering has announced a strategic agreement to acquire Raselli Franco Group, a renowned family-owned jewelry manufacturer. The deal begins with an initial acquisition of a 20% stake for €115 million, aiming for full ownership by 2032, subject to regulatory approval.
Founded in 1969, Raselli Franco Group is celebrated for its mastery in jewelry prototyping and production. The company's expertise spans the entire value chain, including raw material sourcing, design, and quality control, leveraging advanced techniques like CNC machining.
This acquisition aligns with Kering's strategy to enhance its luxury offerings and strengthen its jewelry segment. Luca de Meo, CEO of Kering, emphasized the acquisition as a critical step in securing manufacturing capabilities and reinforcing value chain excellence.
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