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Kering to Buy Italian Jewelry Company Raselli Franco

Provided by Dow Jones Dec 18, 2025, 6:54:00 PM

By Katherine Hamilton

Kering has agreed to acquire jewelry company Raselli Franco Group.

Luxury conglomerate Kering, which owns brands such as Gucci and Balenciaga, plans to buy a 20% stake in Italy's Raselli Franco first, with a pathway to full ownership by 2032.

Kering said it would pay 115 million euros, equal to about $135 million, for the 20% stake in the first quarter of 2026.

Raselli Franco will bring new manufacturing capabilities to Kering, which the company hopes will help grow its jewelry offerings, the Paris company said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 18, 2025 13:54 ET (18:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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