Kering reorganises and launches new strategic jewellery division

Kering is reorganising its relaunch. While the group's strategic plan will be unveiled on 16 April, at its Capital Markets Day, some changes to its structure have already been activated: starting in the first quarter of 2026, the brands under Kerign will be divided into new segments: "Fashion & Leather Goods" (which includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen and Brioni), but with Gucci's financial indicators reported separately; the new Kering Jewelry division, which includes Boucheron, Pomellato, Dodo and Qeelin; Kering Eyewear; Corporate & Other, which includes group services and the Ginori 1735 maison. For each business, Kering will report the revenue and trends of the different sales channels and report the total revenue of the two main divisions by regions.

The main news is in any case the birth of the Kering Jewelry division, a new entity dedicated "to structuring and accelerating the growth of the group's activities in the jewellery sector", reads the Kering note. In addition to the aforementioned maisons, the group's industrial capacities will also report to it, including Raselli Franco Group, of which Kering took over 20 per cent last December, with the aim of increasing its stake to 100 per cent by 2032, and which will play a central role within this structure. "This structure will also allow the group to seize new opportunities in this category, including for the benefit of its fashion and leather goods maisons," the note added.

Jean-Marc Duplaix is appointed Chief Executive Officer of Kering Jewelry, effective immediately. The CEOs of the jewellery houses will report to him. Duplaix will also retain his responsibilities as Chief Operating Officer of the group, which include finance, M&A, investor relations,

"With Kering Jewelry, we are providing the group with a solid and coherent platform, capable of supporting the ambitions of our maisons in an area where creativity and excellence are inseparable," says Luca De Meo, CEO of Kering. I am delighted with Jean-Marc's appointment: his experience will be instrumental in unlocking the group's full potential in jewellery".

On 10 February, Kering presented its budget 2025, which ended the year with revenues of EUR 14.675 billion, down 13%, but improving in the fourth quarter (-9%).