Kering to Acquire Italian Jewelry Manufacturer [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
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Source: Yahoo! Finance
stages, starting with a 20 percent stake for 115 million euros, slated for completion in the first quarter of 2026. “The agreement includes a clear pathway to full ownership by 2032,” the French luxury group said in a statement Thursday evening. More from WWD EXCLUSIVE: Roxanne Assoulin Opens First Pop-up on Upper East Side Kering Sells 60% Stake in Fifth Avenue Property Lady Glenconner, Nancy Astor Jewels Fly Out of Bonhams at London Sale Kering 's jewelry houses are Boucheron, Pomellato, Dodo and Qeelin, which “experience strong momentum and significant revenue recurrence that drive long-term resilience,” it said. “By securing critical manufacturing capabilities for our jewelry activity, this partnership will strengthen our value chain and accelerate the growth of our houses,” Luca de Meo, chief executive officer of Kering, commented in the release. “Raselli Franco Group brings exceptional savoir-faire and innovation, anchored in a rich heritage and a strong commitment
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