Kering Appoints New CEO Amid Jewellery Division Launch

Global luxury group Kering has announced plans to launch Kering Jewelry, with Jean-Marc Duplaix brought on to act as division CEO.

The new entity is designed to house and accelerate the growth of Kering’s jewellery brands.

Jean-Marc will oversee all of Kering’s jewellery houses while retaining his responsibilities as the group’s COO, which include managing company finance, investor relations and real estate.

Speaking about the new division, Luca de Meo, CEO of Kering, says: “With Kering Jewelry we equip 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.” 

Enhancing structure and efficiency

The creation of Kering Jewellery follows a company-wide restructuring effort to boost brand growth, with the company establishing two additional organisational wings within the group platform – Industry and Client.

The industry wing focuses on strengthening the structure and efficiency of production by integrating areas such as manufacturing and research and development. The Client wing monitors value and functions related to clients like product and pricing, marketing and data.

Kering owns several global jewellery brands such as Boucheron, Poemellato, DoDo and Qeelin and plans to group them under one dedicated entity, with the division acting as an integrated platform to support the growth of each house.

The group will also house manufacturing capabilities, including Raselli Franco Group, a Paris-based jewellery manufacturer acquired by Kering in December 2025 for €115m (US$132m).

The implementation of the Kering Jewelry entity serves as a new strategy to boost growth and increase revenue, following the company’s third consecutive year of falling sales.

“This revenue level reflects the low point of the cycle and the starting point of our rebound,” Luca adds. “We will see growth in 2026 and increasing margin for all the brands.”

With Jean-Marc’s appointment as CEO, effective immediately, the CEOs under the Kering Jewelry house will report to him directly, enhancing the division’s strategic alignment and operation coordination.

Jean-Marc has worked for Kering since 2012, initially acting as CFO and later as a Deputy CEO of Operations and Finance.

Speaking about Jean-Marc’s promotion, Luca says: “I am very pleased with Jean-Marc’s appointment: his experience will be instrumental in unlocking the group’s full potential in jewellery.”

Kering’s roadmap for 2026

The group’s strategy will be announced in further detail on 16 April 2026 at Kering’s Capital Markets Day, where Luca will present a roadmap to guide the next phase of the company’s transformation.

Several changes to the group’s structure have already been announced, with Kering announcing a new segmentation structure to improve clarity of the company’s strategic model.

Starting from the first quarter of 2026, the brands under Kering will be divided into new segments: Fashion and Leather Goods, Kering Jewelry, Kering Eyewear and Corporate and Other. The Beauty division is no longer included following the €4bn (US$4.7bn) sale of Kering’s beauty business to L'Oréal.

Within the Fashion and Leather Goods branch, Kering will continue to report on Gucci’s performance indicators separately, given its substantial weight within the group.

Discussing Kering’s achievements in 2025 and the outlook going forward, Jean-Marc says: “2025 was a year of disciplined strengthening, from the real estate transactions that reinforced our balance sheet to the Kering Beauté deal and the Raselli acquisition that sharpened our strategic focus.

“I’m deeply appreciative of what we achieved together and confident in the foundations we’ve built for sustainable and profitable growth to resume.”