FinancialsFeb 10, 2026
Kering Plans Transformation as 2025 Sales Sink 13%MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEO
The organizational change follows Kering’s promise of a transformation after declining sales in 2025.
Kering has appointed Jean-Marc Duplaix as the CEO of its newly created Kering Jewelry group. (Image credit: Carole Bellaiche)
Paris—Kering has created Kering Jewelry, a new division established to accelerate the growth of its jewelry brands.
Jean-Marc Duplaix, who is also Kering’s chief operating officer, has been appointed CEO of Kering Jewelry, effective immediately.
He will retain his role as COO, and the CEOs of the jewelry houses will report to him.
The new entity will combine jewelry brands Boucheron, Pomellato, Dodo, and Qeelin, as well as Kering’s industrial capabilities, including the Raselli Franco Group.
Kering recently acquired a stake in the Italian jewelry manufacturer, and it is currently being integrated into the company.
The manufacturer will play a key role in the new group, said Kering, citing its “exceptional savoir faire and cutting-edge technologies.”
Kering CEO Luca de Meo said: “With Kering Jewelry, we are giving the group a powerful and cohesive platform capable of supporting our houses’ ambitions in an area of expertise where creativity and excellence are inseparable. I am delighted with the appointment of Jean-Marc; his experience will be instrumental in unlocking the group’s full potential in jewelry.”
Kering Jewelry will be an integrated platform that supports the brands’ growth, supporting their creative identities and the development of jewelry lines.
Kering said the structural change also will allow it to capitalize on new opportunities in jewelry, including for its fashion and leather goods houses.
Previously, Kering had grouped its jewelry brands into the “Other Houses” division alongside Alexander McQueen and Balenciaga.
In February, Kering reported a double-digit decline in group revenue in 2025, a performance de Meo said did not reflect the company’s true potential.
Kering announced then that it was preparing for a transformation.
On April 16, during its Capital Markets Day, the company will present a new roadmap to get back to growth, de Meo said, with “well-defined brand strategies, a more effective organization, and strong financial discipline.”
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Jean-Marc Duplaix, who is also Kering’s chief operating officer, has been appointed CEO of Kering Jewelry, effective immediately.
He will retain his role as COO, and the CEOs of the jewelry houses will report to him.
The new entity will combine jewelry brands Boucheron, Pomellato, Dodo, and Qeelin, as well as Kering’s industrial capabilities, including the Raselli Franco Group.
Kering recently acquired a stake in the Italian jewelry manufacturer, and it is currently being integrated into the company.
The manufacturer will play a key role in the new group, said Kering, citing its “exceptional savoir faire and cutting-edge technologies.”
Kering CEO Luca de Meo said: “With Kering Jewelry, we are giving the group a powerful and cohesive platform capable of supporting our houses’ ambitions in an area of expertise where creativity and excellence are inseparable. I am delighted with the appointment of Jean-Marc; his experience will be instrumental in unlocking the group’s full potential in jewelry.”
Kering Jewelry will be an integrated platform that supports the brands’ growth, supporting their creative identities and the development of jewelry lines.
Kering said the structural change also will allow it to capitalize on new opportunities in jewelry, including for its fashion and leather goods houses.
Previously, Kering had grouped its jewelry brands into the “Other Houses” division alongside Alexander McQueen and Balenciaga.
In February, Kering reported a double-digit decline in group revenue in 2025, a performance de Meo said did not reflect the company’s true potential.
Kering announced then that it was preparing for a transformation.
On April 16, during its Capital Markets Day, the company will present a new roadmap to get back to growth, de Meo said, with “well-defined brand strategies, a more effective organization, and strong financial discipline.”
In the meantime, the luxury titan has made other changes to its structure.
Earlier this month, it announced the creation of Industry and Client groups to boost its operational efficiency and support the growth of its brands.
The Industry division will focus on production, including integrating purchasing, manufacturing, supply chain, quality, and research and development.
The Client division will use its expertise and solutions to implement the group’s strategy, overseeing the entire value chain and the functions related to clients, including product and pricing, marketing, distribution channels, sales and operations planning, and data.
Industrial leader Stéphane Noël was appointed chief industrial officer, effective April 1, while Carlo Mocci was appointed chief client officer, effective May 4.
Kering announced a few other appointments as well, including Fedele Usai as chief marketing officer and Daniele Zito as chief commercial officer.
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