Kering Creates Dedicated Jewelry Division to Power Growth

Core Insights - Kering is establishing a dedicated jewelry unit to enhance the growth of its brands Boucheron, Pomellato, Dodo, and Qeelin, which collectively generate nearly 1 billion euros in annual revenue [1][3] Group 1: Organizational Changes - Jean-Marc Duplaix has been appointed as the CEO of the new Kering Jewelry unit while continuing his role as group COO, with the CEOs of the jewelry brands reporting to him [2] - Kering will implement a new business segmentation starting Q1 2026, reporting results for four segments: fashion and leather goods, Kering jewelry, Kering eyewear, and corporate and other [4] Group 2: Strategic Focus - The Kering Jewelry unit will function as an integrated platform to support the growth of its jewelry houses, focusing on their creative identities and high jewelry collections, while also exploring new opportunities in this category [3] - Kering plans to disclose revenue breakdowns and performance by distribution channel for each division, along with regional sales data for fashion and leather goods and jewelry segments [5] Group 3: Market Position and Future Outlook - The creation of the jewelry unit is part of CEO Luca de Meo's strategy to revitalize Kering, which has faced three consecutive years of declining sales [7] - Kering's acquisition of the Italian manufacturer Raselli Franco Group is expected to enhance the new jewelry division with its expertise and advanced technologies [8] - De Meo has identified strong growth potential in the jewelry sector and aims to increase the jewelry offerings of Kering's fashion brands, noting that Gucci's jewelry business was three times larger a decade ago [9]