French luxury group Kering will buy family-owned jewellry producer Raselli Franco Group, it said on Thursday, announcing an initial 115 million euro ($134.76 million) investment into the business.
The 20% stake will be further expanded to full ownership by 2032, Kering said in a statement.
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The acquisition, the first made by the highly-indebted luxury group under new Chief Executive Luca De Meo, highlights the group’s efforts to e… [340 chars]
Source: Reuters | Published: 2025-12-18T18:34:55Z
Credit: Reuters
