PARIS — Kering is signaling its ambitions in the jewelry segment with the creation of a dedicated entity designed to structure and accelerate the growth of its Boucheron, Pomellato, Dodo and Qeelin brands, which collectively generate almost 1 billion euros a year in revenues.

The French luxury group said on Monday it was appointing Jean-Marc Duplaix as chief executive officer of the new Kering Jewelry unit, effective immediately, alongside his ongoing duties as group chief operating officer. The CEOs of the jewelry houses will report to him.

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“Kering Jewelry will operate as an integrated platform designed to support the growth of the houses, building on their creative identities and the development of their iconic and high jewelry collections. This structure will also enable the group to capitalize on new opportunities in this category, including for its fashion and leather goods houses,” Kering said.

As a result of the reorganization, Kering announced a new segmentation of its businesses.

Starting from the first quarter of 2026, it will report results for four operating segments: fashion and leather goods, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen and Brioni, of which only Gucci will be broken out separately; Kering jewelry; Kering eyewear, and corporate and other, which includes group services and porcelain manufacturer Ginori 1735.

For each division, Kering will disclose the revenue breakdown and the performance by distribution channel. It will also provide regional sales data for the fashion and leather goods and jewelry segments.

The creation of the jewelry unit is the latest move by Kering CEO Luca de Meo to turn around the fortunes of the ailing group, which last year reported its third consecutive year of falling sales.

It follows Kering’s staged acquisition of family-owned Italian manufacturer Raselli Franco Group, which will also integrate the new division and is expected to play a key role within the structure thanks to its “exceptional savoir-faire and cutting-edge technologies,” the group said.

Speaking after Kering announced its annual results in February, de Meo said he sees strong growth potential in jewelry, and also wants to ramp up the jewelry offering of the fashion brands, noting that 10 years ago, Gucci was doing three times the business in that category.

“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,” de Meo said on Monday.

The former Renault chief is due to present his strategic roadmap at a Capital Markets Day in Florence on April 16.

According to Kering’s restated quarterly revenues for 2025, fashion and leather goods sales fell 11 percent in the fourth quarter to 3.32 billion euros, with Gucci sliding 16 percent. In comparable terms, they were down 5 percent in the quarter, with Gucci declining 10 percent.

The Kering jewelry division saw sales rise 10 percent in the fourth quarter to 266 million euros, representing a 17 percent jump in organic terms. For the full year, the unit generated revenues of 935 million euros, versus 12.2 billion euros for the fashion and leather goods segment, signaling a large potential upside.

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