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When I had to replace Paul Deneve as C.E.O. Balance is also evident in Saint Laurents approach to its clientele and distribution. Mr. Vaccarello and Ms. Bellettini have since become soul mates. Bellettini appointed Anthony Vaccarello as creative director in 2016. Bloody hell!. Rebecca Faria, a 29-year-old Brazilian. Indeed, Bellettinis commitment to a balanced approach has made Saint Laurent the star of parent company Kerings vast portfolio of luxury brands. 2023 The Business of Fashion. Francesca Bellettini has achieved the impossible with Saint Laurent Kerings largest brand missed analyst estimates, citing the gradual arrival of the new Aria collection and the decline of traffic in the stores in Asia-Pacific due to Covid restrictions this summer. 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. Due to the extraordinary growth of the company under her leadership, she has been named by the Financial Times as one of the 25 most influential women of 2022. Because in each and every one of them, we offer a balanced collection, from entry level to higher price points, and from different occasions and views. Le grand appartement: Dirigido por Pascal Thomas. But is it bad? Why Barnes & Noble Is Copying Local Bookstores It Once Threatened, What Floridas Dying Oranges Tell Us About How Commodity Markets Work, Watch: Heavy Snowfall Shuts Down Parts of California, Watch: Alex Murdaugh Found Guilty in Murders of His Wife and Son. Mr Saint Laurent himself said in the 70s: Why should we change a product when its already perfect? So, those people who were criticising the fact that some of our products were recurring and that we had a permanent collection probably didnt remember that it was actually part of the DNA of the brand, Bellettini told BoF. The news sent shockwaves through the industry, with many interpreting the change as a sign of disrespect to the companys founder and namesake. Francesca Root-Dodson on Instagram: "Thrilled to be part of this If I can be honest, I dont think that today that campaign would even be shot.. Check if your Getty. Francesca Bellettini, Yves St Laurent SA: Profile and Biography Flexibility has been another. Her husband, a businessman who has been in her life for 20 years, lives in Milan. During the later stages of the conversation, when asked about the secrets of her success, she elaborated on how the relationship between the creative and business parts of a fashion brand is the single most important factor. And they certainly didnt know her. Le grand appartement (2006) - IMDb In 2013, she became President and Chief Executive Officer of Yves Saint Laurent. Francesca Bellettini, Yves St Laurent SA: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Power Players:Chris Robshaw Bloomberg Radio Bloomberg Daybreak Asia. 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. Nevertheless, Bellettinis success was not easy to achieve. One question asked Bellettini what she most enjoyed about her job. Sign In. Under CEO Francesca Bellettini and designer Anthony Vaccarello, Saint Laurent has more than doubled sales in 5 years and is on track to surpass $3 billion in 2022. We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. It hasn't come without a cost. You may change your billing preferences at any time in the Customer Center or call Its one thing to have a strong brand and brand messaging, but that is lost within itself if it isnt carried throughout every level of the business, McInnes explained. In 2008, she joined Bottega Veneta and became Worldwide Merchandising and Communications Director in 2010. Bellettini is a remarkable woman. Their brand offers an escape to people, which during this unparalleled time in our world, is vital. Tall and slim, Ms. Bellettini is always clad head-to-toe in Saint Laurent, which she wears with the throwaway ease of any old thing. 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. 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. Francesca Bellettini Net Worth (2023) | wallmine Whilst at the Italian leather goods and ready-to-wear brand, also owned by Kering, Bellettini oversaw merchandising, visual display and communications and was instrumental in the brands repositioning and popularity in emerging markets. She worked at Prada and Helmut Lang prior to. The biggest move to bring clarity back was changing the brand name. Eileen Fisher is trying to raise the bar for sustainable fashion. 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. She turned to her father for guidance. Powered and implemented by Interactive Data Managed Solutions. Francesca Le Photos and Premium High Res Pictures - Getty Images He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking Italian. Twenty-nine years old is a little early to do a job for money. She lets me be totally free. The reality, however, has proven to be very different. Fashion has never been so competitive. 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. All rights reserved. Bellettini proclaimed herself to be a perfectionist; and although this can be helpful to produce meticulous work, she also recognized how it does not allow for mistakes; and, mistakes are critical on the journey to growth and success. Francesca Anderson, the rich wife of an older millionaire, can't cope with the death of her lover, who is the father of her only son, James. 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. Despite this, Bellettini stated that they are stronger than ever as a brand. All rights reserved. But in spite of this natural reaction, one brand has defied the trend. (For example, we would never do gaming simply because its something Generation Z is into. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. Its effective, also because the name is powerful.. The oldest executive at Kering SA is Baudouin Prot, 69, who is the Director. There are 12 older and 7 younger executives at Kering SA. 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Getty. Power Moves | Francesca Bellettini Named CEO of Yves Saint Laurent The company has a remarkably even worldwide geographical coverage in terms of stores and customers. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering. With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. Well keep working on it because for me, the journey in sustainability is never finished. In fact, the Parisian fashion house is doing so well it has become the fastest growing major brand in the competitive luxury fashion space. Although Bellettini shared that she did not always know she wanted to work in the fashion industry, she was certain her dream was to run a company. 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. Francesca Bellettini is appointed president and chief executive. Mr. Vaccarello and Ms. Bellettini have since become soul mates. Francesca Bellettini CEO Saint Laurent Future After Hedi Slimane You will be notified in advance of any changes in rate or terms. The Italian executive, who took over the Kering -owned brand in 2013 and has since overseen a tripling of its sales, was joined by family, colleagues and members of the Saint Laurent galaxy at the. Today, the collections may not be identical, but the fact equal importance is placed on menswear and womenswear is something quite uncommon in the world of high fashion. 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. Part of establishing Saint Laurents new image has been a focus on permanent collections. Bellettini encouraged everyone to always be curious. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. Some mourned the YSL moniker, while others embraced the freshness of the new name and new look. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Francesca Bellettini is 50, she's been the President and Chief Executive Officer of Yves Saint Laurent and Member of the Executive Committee of Kering SA since 2015. We support credit card, debit card and PayPal payments. 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. 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. It was a very ironic, very playful way to present stilettos and boots, she said. Bellettini took it to that level within a three-year period. Got some news on an exceptional woman? Smaller categories such as silk, jewellery and eyewear are also booming, contributing to growth. Francesca Bellettini | Kering As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. And she doesnt speak French. Anyone can read what you share. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. She was a villain, then an icon. (Bellettini has been opening an average of 20 new stores per year globally.). Good morning, WMPW readers! At a time when other Kering brands including Alexander McQueen and Gucci dabble in resale, Saint Laurent stays away from it; at a time when gaming takes fashion by storm, Saint Laurent doesnt jump on the bandwagon. Francesca Bellettini Photos and Premium High Res Pictures - Getty Images Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. personalising content and ads, providing social media features and to Such praise is undoubtedly due, but Bellettinis work behind the scenes has been just as instrumental. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? And she had done it all while navigating the departure of Saint Laurents star designer, Hedi Slimane, and the transition to a relatively low-key unknown, Anthony Vaccarello, a change of creative leadership that had the industry predicting disaster for the brand. Yet five years later, Kering, the Paris-based luxury group that owns Saint Laurent, Gucci and Bottega Veneta, among other brands, reported that 2017 was its most profitable year on record; YSL announced a 25.3 percent increase in revenue over 2016, the second-largest growth in the group, following Gucci. The fired Google engineer who thought its A.I. Similarly, all e-tailers moved from a wholesale model to e-concessions (except for the websites of some US department stores, where Saint Laurent is still sold wholesale). It is only then can we find long-term joy and success. He was Ms. Bellettinis only candidate. She was appointed president and CEO of Yves Saint Laurent in 2013. Do whatever you like. She took the job. Its no longer about brand loyalty so much as in being at the forefront of peoples minds, said Gail McInnes, fashion industry expert and CEO of Stylist Box. Simmenauer adds that the brands handbags in particular are timeless and well priced. Francesca Bellettini Receives France's Legion of Honor - WWD The World's Most Powerful Women: April 26 | Fortune Not long after the name change, the company continued its transformation by appointing Bellettini as its new CEO, replacing Paul Deneuve, who changed industries to work under Apple CEO Tim Cook. The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. But I dont have to do something to please someone or some client.. Bellettinis leadership has fueled the Houses expansion and enabled Saint Laurents identity to emerge, pushing boundaries forward, yet remaining true to the Houses core values. All Rights Reserved. PARIS Francesca Bellettini doesnt style her hair. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. Notable for Saint Laurent under Bellettini is its leather business. of Saint Laurent, she was the first name on my list, Mr. Pinault said. Bellettini said that rather than trying to craft a personality far from your true self in order to win the interview, authenticity is key. Plan B was to study Mechanical Engineering at Bologna University and work for Ferrari; she had a bright laugh when describing how she aspired to be on the side-lines of the track changing the racing wheels of the cars. Indeed, Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers, particularly given around 70 percent of customers each year are new. Some people dont believe it, but Anthony was the only one I met for the job.. 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. When it became clear Mr. Slimane was leaving, Mr. Vaccarello was approached for a possible job with a big fashion brand but not told which one. , who was succeeded by Anthony Vacarello in April 2016. 25 April 2016. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. Saint Laurent CEO Francesca Bellettini's big ambitions In the third quarter of 2021, Saint Laurent generated 22 per cent of its sales in Asia Pacific, versus 41 per cent for Gucci and 35 per cent for Bottega Veneta. Cathy Chai left her steady job in financeat a UN agencyin Beijing for a finance gig at Medecins San Frontieres (Doctors Without Borders) in war-torn South Sudan. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. Virtual reality and sports seem like polar opposites. According to the fashion house's CEO, Francesca Bellettini, the Vaccarello era at the fashion house will be a . It was pissing me off a little bit, she said. The event ended with this final question: what is the greatest piece of advice you can share to the audience? As she explained on Monday at the Financial Times Business of Luxury Summit in San Francisco in conversation with the paper's Fashion Editor Jo Ellison, Bellettini believes strongly in giving a. How Anthony Vaccarello and Francesca Bellettini took Saint Laurent to Comedienne Amy Schumer makes the cover of Vanity Fair, Trump supporters sell 'Trump That Bitch' t-shirts depicting Hillary Clinton as the businessman candidatestruggles to attract female voters, Women will grace 5 pound and 10 pound notes in Scotland, Howa woman rose to senior product manager from customer support at Etsy, Fire departments in the U.S. turn to women volunteers, Designer Christine Kendall sues Alexander McQueen over Duchess of Cambridge's wedding dress, actress Helen Mirren, reflecting on a lack of roles for women in movies. Moderated by Emma Rosenkranz 23, vice-president of Fashion@Brown, and Dani Siegal 24, social media coordinator, Ms. Bellettini gave an inspiring talk which spoke to her courage, integrity, and drive. He never frightens you, she said. Bellettini noted how, guided by YSLs commitment to its team, they managed to not fire anyone during the COVID-19 pandemic. Nice to Meet You (Acoustic Live Solo) de Francesca Michielin This inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. What did they know? We work a lot on conversion.. The actor and comedian also discusses her new childrens book and writing a diary in the sauna, Tracy Flick Is Back: Older, Wiser, Still in High School, Chef Thomas Keller on Finding Professional Success After 40, Hailey Biebers Lymphatic Massage Provider Has a 2,300-Person Waitlist, Tiffany Haddish Reveals Her Secret Calendar Productivity Hack, The Tax Play That Saves Some Couples Big Bucks, How Gas From Texas Becomes Cooking Fuel in France, Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters, Rep. Alexandria Ocasio-Cortez Under Scrutiny for Met Gala Participation. Bellettini was non-hesitant to her reply: That is easy, my team. You could feel the powerful connection Bellettini shares with her team; We work a lot and we also have a lot of fun, she said noting how important this is when working endless hours together. Around 60 per cent of Saint Laurent's clients were locals in 2020, according to Morgan Stanleys estimates. Why? YSL continues to grow that number. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. In early 2016, Slimane shocked the fashion world by announcing his decision to leave Saint Laurent, in spite of the success and influence he enjoyed in his role. Previously, she worked in Compass Partners International, UK from 1998 to 1999, in Deutsche Morgan Grenfell, UK from 1996 to 1998 and in Goldman Sachs . It was her fathers kind wisdom to follow her dreams at the young age of 29 that drove her to push away her fears and pursue a more uncertain path. For a full comparison of Standard and Premium Digital, click here. $ + tax He was required to sign a confidentiality agreement. This business model is something Bellettini argues helps the brand to get back to its core essence as a fashion house. What was missing from Saint Laurent in 2012 was not the business or the foundation, but the fashion authority and the clarity of the brand. (Bellettini, as she speaks, is dressed in a head-to-toe Saint Laurent: a floral blouse and mustard slacks.) With the brands new direction firmly established, Bellettini is now focused on the future. Bellettini started Bocconi University and completed her education with a year abroad at the University of Chicago where she was introduced to the world of investment banking. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Francesca Bellettini is also on the board of Technogym SpA, Yves Saint Laurent UK Ltd. and Ferrari NV. You may change or cancel your subscription or trial at any time online. Compare Standard and Premium Digital here. This is to ensure the offer is reflecting the current vision of the brand. She joined the famous Parisian house, replacing Paul Deneuve, at a crucial time in its development. Francesca Bellettini Profiles | Facebook Two Days Mattered Most. Renaming a world-famous brand is never advisable. Our Q3 performance in China was very strong, with excellent growth in-store and online. International Womens Day happened to coincide with the campaign. This is made possible through a leadership style that is confident, but trusting. She allots 90 minutes every Monday morning for a lesson with a French tutor and sometimes stays up to midnight studying grammar. I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. 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. She took it to that level within a three-year period.. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. An Italian woman who had never run a company, lived in Paris or learned the unwritten codes of French society, she was considered a strange choice to become chief executive of Yves Saint Laurent, the ultimate French brand, in 2013. That, to me, has been what makes her such a wonderful CEO, especially in a creative field like fashion, said McInnes. However, along with creative director Anthony Vaccarello, who she recruited in 2016, Bellettini has steered Saint Laurent to new heights without deviating from the brands DNA. Already a member? However, Bellettini also expressed that delving into the fashion industry was not an easy decision; it would cut her salary in half compared to her work as an investment banker. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. After looping across the vast courtyard of the former 18th-century abbey, through the showrooms, we pass through the front gate at the rue de Bellechasse. On March 10th, hundreds of excited audience members watched the zoom stage open to reveal a sneak peek of the Yves Saint Laurent headquarters in Paris; sitting in her chic pantsuit and shining a wide smile was Francesca Bellettini, CEO of YSL. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. When asked about how the COVID-19 pandemic has impacted YSL, Bellettini mentioned on a personal level she feels her team is working around the clock, yet are lacking the energy of social interaction due to various restrictions including a 6PM curfew. One featured a model in a fur jacket and fishnet tights reclining with her legs spread wide open; the other, a model in a leotard and roller-skate stilettos bending over a stool. These days, only 19 percent of YSL sales come from ready-to-wear, 59 percent from leather goods, 14 percent from shoes and the rest from miscellaneous items like eyewear. Moderated by Emma . Saint Laurent is the second largest Kering house (representing 13 per cent of the group sales) behind Gucci. Im obsessed with two things: local customers and comp growth, says Bellettini. In 2019 she was awarded the FrenchKnight of the Legion of Honour, the highest possible distinction for a civilian in the country. PARIS Francesca Bellettini is riding high.. 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. When I met him, I was incredibly impressed that he was not at all afraid of the challenge. Speaking of Gen Z, she says the key is to be authentic. The name Yves Saint Laurent is iconic within the fashion realm, and the client base is loyal, but having to stay relevant and to attract the next generation of customers is why the rebranding was so drastic and became so controversial. Enduring look This has raised the bar for each and every one of us. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. Now Dravida, also the firm's chief executive, is conducting research trials to treat a number of debilitatingconditions, including rheumatoid arthritis, muscular dystrophy, and stroke. (In the third quarter, sales were up 28.1 per cent, while Kering sales were up 12.2 per cent) In 2020, when the pandemic hit, sales were down 13.8 percent while Kering sales were down 16.4 percent. Not everybody understood, because we are not very talkative; the more you explain, the less sexy a concept becomes. The change to Saint Laurent also reflected a decisive shift towards modernity, helping the brand reach young people who do not share the same connection to the original name as older generations. She has that rare leadership quality which allows her team members to do the work they were hired to do with little or no interference. When she saw an article of clothing she really liked, she could not hold herself from saying I really liked that, without thinking about what her comments impact could be. Biography of Francesca Bellettini - The Official Board Francesca Bellettini - Biography - MarketScreener.com The decision was to invest.

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