Kering to buy jewellry producer Raselli Franco

Core Viewpoint - French luxury group Kering is acquiring family-owned jewelry producer Raselli Franco Group with an initial investment of 115 million euros ($134.76 million) [1] Company Summary - Kering is expanding its portfolio in the luxury sector by purchasing Raselli Franco Group, a family-owned jewelry producer [1] - The acquisition reflects Kering's strategy to enhance its presence in the jewelry market, which is a growing segment within the luxury industry [1] Financial Summary - The initial investment for the acquisition is set at 115 million euros, equivalent to approximately 134.76 million dollars [1]