Luxury group Kering has announced the signing of an agreement to acquire Raselli Franco Group, a family-owned company widely regarded as one of Europe’s largest independent luxury jewellery manufacturers. The transaction will be completed in stages, beginning with the acquisition of an initial 20% stake in the first quarter of 2026 for €115 million, and includes a clearly defined pathway to full ownership by 2032, subject to customary regulatory approvals.
Founded in 1969, Raselli Franco Group has built a strong international reputation for its expertise in high jewellery and fine jewellery manufacturing. The company operates state-of-the-art production facilities and offers end-to-end capabilities across the entire value chain, from sourcing precious metals and stones to R&D, design, prototyping, component production, assembly and quality control. Its advanced mastery of both casting and CNC machining enables exceptional precision in carving, engraving and shaping precious materials, a capability considered rare within the industry.
A long-standing strategic partner to Kering, Raselli Franco Group has played a key role in supporting the development of the group’s jewellery maisons. Kering said the acquisition will reinforce its control over critical manufacturing capabilities, strengthen craftsmanship standards and support the strong growth momentum of its jewellery Houses, including Boucheron, Pomellato, Dodo and Qeelin.
Commenting on the deal, Kering CEO Luca de Meo described it as a strategic milestone that strengthens the group’s jewellery ambitions, while Andrea Raselli, CEO of Raselli Franco Group, said the partnership would allow the company to build on its heritage while continuing to serve luxury maisons at the highest level.