The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. What was truly striking, however, was when Bellettini explained her out-look on life: if Plan A fails, Plan B will never be a watered-down version; instead, both paths will take her down something remarkable and exciting. Rosenkranz and Siegal moved on to the audience Q&A section of the talk, where they noted that Fashion@Brown had received pages and pages and pages of submitted questions. Their go-to expert? Bellettini noted how, guided by YSLs commitment to its team, they managed to not fire anyone during the COVID-19 pandemic. Enduring look There are 12 older and 7 younger executives at Kering SA. Kering's third-quarter earnings presentation mentions a continued appeal to younger generations. Non-Executive Director at Ferrari - View - Ferrari org chart. Bellettini, a former investment banker, had stints at Prada group and Helmut Lang. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering. It hasn't come without a cost. Ready-to-wear, however, is growing faster at the moment, Bellettini notes, but she adds that the breakdown per category is not meaningful. Lauren Sherman. You may change your billing preferences at any time in the Customer Center or call Definitely the sensitivity of people and their ability to speak out is much bigger than before, she said. Many observers credit Slimane for Saint Laurents recent success. When I had to replace Paul Deneve as C.E.O. Good morning, WMPW readers! Even though some opportunities can appear to be boring or insignificant on the surface level, there is always some sort of adventure to be found in the work. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Daniel Lee's surprise exit from Bottega Veneta, The Long View by Vogue Business: The fashion CEOs take on resale, LVMH fashion sales climb despite concerns in China, Saint Laurent is the new rising star at Kering. 2023 The Business of Fashion. Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. Despite this, Bellettini stated that they are stronger than ever as a brand. It helps that were open, that we tend to smile, that we have this funny accent, she said, smiling. personalising content and ads, providing social media features and to Le grand appartement: Dirigido por Pascal Thomas. At a time when fashion is all about body positivity, Saint Laurent put thin models on the catwalk of its recent show. Her major renovation of the companys organisation not only consolidated the brands new image, but also allowed Saint Laurent to reach a whole new audience. Even before Mr. Slimane decided not to renew his contract after slightly less than four years at the house, Ms. Bellettini had noticed an interesting trend in fashion magazines and shops like Colette in Paris and Bergdorfs in New York: Mr. Vaccarellos ready-to-wear was being matched up with Saint Laurents accessories. This massage technique is attracting fans across Hollywood, including Ariana Grande, Kourtney Kardashian and Sean Diddy Combs. It was a very ironic, very playful way to present stilettos and boots, she said. All Rights Reserved. Quick to smile at everyone, even in a smile-stingy city like Paris, she is also famously calm and loath to second-guess herself or her team. We communicate in a context thats not related to marketing, such as conferences and internal communication. She says that being a Kering brand is a benefit in terms of sustainability compliances. With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. View the profiles of people named Francesca Bellettini. We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. Bellettinis first major decision as CEO was to give Slimane more autonomy in deciding the labels creative direction a move that would firmly establish Saint Laurent as a refreshed brand, while also marking Bellettinis preference for allowing people the freedom to do what they do best. Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. Customer Service. A dust-up occurred in 2015 during Mr. Slimanes tenure, when an ad featuring the young Dutch model Kiki Willems was censured and called irresponsible by Britains advertising watchdog agency because she looked excruciatingly thin. Notable for Saint Laurent under Bellettini is its leather business. Francesca Bellettini is also on the board of Technogym SpA, Yves Saint Laurent UK Ltd. and Ferrari NV. At the time Pinault, chairman of parent company Kering, wasopen about his wish that the house reach $1 billion dollars in sales and Bellettini played an integral role in achieving thatgoal. Moderated by Emma . Search instead in Creative? There, on the driveway at the edge of the sidewalk, the cobblestones under our feet rumble as we slowly start to descend: It turns out to be a platform elevator that takes us down, Bond-villain style, to a small parking lot. After graduation, she moved to New York for a training program with Goldman Sachs, then to London to work with its Italian mergers and acquisitions team. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Luckily, everyone in Bellettinis team did speak English with her. As her son is somehow part of her dead lover, she falls in love with him and tries to seduce him, but he has a girlfriend named Julie. She established a company culture that fosters creativity, authenticity and agility, driving the consistent dynamism of the House and ensuring an outstanding and sustained growth trajectory, built on solid foundations. Bellettini says her brand derives its revenue from a range of. Our Q3 performance in China was very strong, with excellent growth in-store and online. It was this confidence that led her to choose Mr. Vaccarello, 38, to replace Mr. Slimane, the designer who turned around the struggling Saint Laurent while changing the name of its ready-to-wear line, its store dcor, ad campaigns and every product. This required their team members to take on unique responsibilities, for instance, those who work at the stores as sales assistants were trained to become sales assistants over the phone. Sign In. He never frightens you, she said. Bellettini says: Anthony always created a very compelling and complete collection and the show in March 2020, featuring colored tailoring jackets and latex pants, gave visibility to its offer variety. Francesca Bellettini, chief exec of fast-growing Yves Saint Laurent, says a crucial part of managing a business is balance. FORTUNE may receive compensation for some links to products and services on this website. It got everyone talking about Saint Laurent again, and also increased brand awareness with a younger audience those future loyal customers the key to brand longevity., As well as it eventually turned out for the brand, at the time few could have predicted the success Saint Laurent would enjoy as a result of the overhaul. Londons Investment Appeal Is Unraveling as Arm Heads to the US, UN report: Modern weapons being smuggled to Haiti from US, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation. Yet, what was most eye-opening was when Bellettini explained that, in fact, we must focus on choosing a job that suits us the most; we must focus on finding work that ignites a spark. . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Do whatever you like. She took the job. Parent company Kerings 2016 results, for example, revealed the brands comparable revenue surged by an astonishing 33.9 percent across all product categories and geographic regions. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. Bellettinis laser focus and operational skills helped Saint Laurent thrive during the pandemic period that could have even should have left it vulnerable, as the world shifted to staying home and wearing sweats. From 1999 until 2002, Ms. Bellettini worked in the Prada Group, Italy, first in the Planning and New Business Development Division of Prada and, in 2002, as Operations Manager of Helmut Lang. Bellettini encouraged everyone to always be curious. We are delighted that you'd like to resume your subscription. She sure is a powerhouse woman running a billion-dollar brand. Anyone can read what you share. After an internal study of YSL, Ms. Bellettini concluded that the company either had to invest substantially and spark growth or begin dismantling operations and shrink to half its size. could be sentient says Microsofts chatbot feels like watching the Shark Tank investor Kevin OLeary says a new generation of employee has never worked in an officeand its totally I cant afford to sell because I dont want to lose that rate: 3% mortgage rates will loom large over the U.S. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Their brand offers an escape to people, which during this unparalleled time in our world, is vital. This inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. Bellettini holds a degree from Bocconi University in Milan and began her career as an investment banker in London, working for Goldman Sachs, Compass Partners and others. Saint Laurent CEO Francesca Bellettini's big ambitions Saint Laurent is the new rising star at Kering. She joined the famous Parisian house, replacing Paul Deneuve, at a crucial time in its development. university Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers. He is a good cook; she is not, so he sometimes invites her over for pasta. She is resolved to stay true to the brands DNA while pushing to capture new customers and enter new markets. This is to ensure the offer is reflecting the current vision of the brand. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Standard Digital includes access to a wealth of global news, analysis and expert opinion. We communicate the brand, and Anthony does it in a way thats very relevant, she says. Sexy concepts All rights reserved. While she was working as an investment banker, the fashion industry was flourishing. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Anthony Vaccarello has nearly finished giving a tour of the just-opened 140,000-square-foot headquarters of fashion house Yves Saint Laurent in a tony corner of Pariss seventh arrondissement when, heading toward the exit, he says hes saved his favorite part for last. Saint Laurent opened its first flagship in China in 2019 and the network is being expanded in the country. A record number of women made Britains rich list, Yves Saint Laurents chief exec talks about managing a successful fashion business, and in one area of Silicon Valley, women rule. Although she may not be a fluent French speaker yet, she was awarded the French Knight of the Legion of Honour, the highest possible distinction for a civilian in the country, serves on the executive committee of France's Fdration de la Haute Couture et de la Mode, and in 2019 was elected president of the Chambre Syndicale de la Mode Fminine, the country's governing body for womenswear. Bellettini stressed the importance of finding those special people along who you can trust. Balance is also evident in Saint Laurents approach to its clientele and distribution. Investing veterans Deborah Jackson and Andrea Turner Moffitt connectfemale entrepreneurs with investors in a creative way with their firm, Plum Alley Investments. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. We dont do it to sell an extra bag. Although the virtual platform did not allow us to see the audience members, you could tell by Rosenkranz and Siegals faces that they were thoroughly moved by Bellettinis words. In 2008, she joined Bottega Veneta and became Worldwide Merchandising and Communications Director in 2010. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. Yet, this also meant that they could not hire more people either. Its a cascade. Continuity candidate In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. We knew that this was a super-healthy girl who had been working with us forever and we didnt see anything bad, Ms. Bellettini said. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. The brand has had an inflection, according to Morgan Stanley analyst Edouard Aubin, with less black and white and more color, thus catering to a broader audience, he wrote in a note. Opinion: No Country for Alzheimers Patients, Opinion: Common Sense Points to a Lab Leak, Opinion: A Nikki Haley and Vivek Ramaswamy Victory, Opinion: Overruling the District of Columbia on Crime. Ms. Bellettini attributes her calm demeanor to her upbringing in the town of Cesena, near the Adriatic, the youngest of three daughters; her sisters are much older. She joined Kering in 2003 as Strategic Planning Director and Associate Worldwide Merchandising Director of Gucci. organisation Painted black lacquer with gleaming white markers, its more appropriate for an upscale bondage club than a place to stash the companys off-duty town cars. The creative director responded to Bellettini with, So you did not like the rest? Bellettini drew attention to how important it is to respect designers and understand the pressure they have on their shoulders. Bellettini became the Strategic Planning Director and Associate Worldwide Merchandising Director of Gucci in 2003, the Worldwide Merchandising and Communications Director of Bottega Veneta in 2010, and the President and Chief Executive Officer of Yves Saint Laurent in 2013. Rosenkranz asked about hurdles and bumps faced along the way, and Bellettini shared how her biggest mistake was allowing fear to get in her way. Nonetheless, the brand attracts luxurys coveted younger consumers. Nevertheless, Bellettinis success was not easy to achieve. They talk just about every day, share vacations and some weekends, but rarely appear in public together. As a luxury brand, you secure the best part of the leather. Bellettini is a remarkable woman. Plan A was to study Business Administration at Bocconi University and follow her dream of running a company. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. Cross selling requires more time. At present, 15 percent of Saint Laurents global customer base is in Europe, 20 percent is in China, 15 percent is in Japan, 20 percent is in the rest of Asia, and 17 percent is in the US, with the remainder spread throughout the rest of the world. Bellettini joined Yves Saint Laurent from Bottega Veneta. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) Her father, whom she adored, was an accountant at a lumber company; her mother, a school administrator. Frances advertising watchdog asked Saint Laurent to modify two ads. Indeed, this focus on gender parity has been a key element of the brand since the very start, with Saint Laurent himself believing men and women should wear the same clothes.
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