Kering announces the staged acquisition of Raselli Franco Group, a leading jewelry manufacturer [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
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Source: Yahoo! Finance
RASELLI FRANCO GROUP, A LEADING JEWELRY MANUFACTURER One of the largest global independent luxury jewelry manufacturers in Europe Initial 20% stake, with pathway to full ownership by 2032 A major step for Kering, creating a sizeable platform for future growth in jewelry Kering is pleased to announce the signing of an agreement to acquire Raselli Franco Group, a family-owned company and a key partner renowned for its expertise and excellence in crafting both high jewelry and fine jewelry pieces for leading luxury brands. This transaction is part of Kering's strategy to support its Houses' long-term growth and reinforce control over its value chain. Founded in 1969, Raselli Franco Group is internationally recognized for its exceptional expertise and innovation skills in jewelry prototyping and production. With state-of-the-art manufacturing sites, the company leverages a unique breadth of expertise enabling it to cover the entire value chain – from sourcing raw materials and
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