Press Release - Kering completes first step in the acquisition of Raselli Franco Group
Globenewswire·2026-03-30 15:45
Group 1 - Kering has completed the initial acquisition of a 20% stake in Raselli Franco Group for €115 million, with a pathway to full ownership by 2032 [2][3] - This acquisition aligns with Kering's strategy to accelerate the development of Kering Jewelry and enhance long-term growth across its Houses [3] - Kering is a global luxury group with a diverse portfolio, including brands such as Gucci, Saint Laurent, and Bottega Veneta, generating €14.7 billion in revenue in 2025 [4]