For me, this is a balance between creativity, merchandising and business, added Bellettini. In fact, the Parisian fashion house is doing so well it has become the fastest growing major brand in the competitive luxury fashion space. Sign In. 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. She doesnt wear hose even in the dead of winter. Francesca Bellettini with creative director Anthony Vaccarello and Franois-Henri Pinault, chairman and chief executive of Kering "That is something that you learn in banking," she adds.. Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. In 2013, she became President and Chief Executive Officer of Yves Saint Laurent. Yet, this also meant that they could not hire more people either. Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. Already a member? Simmenauer adds that the brands handbags in particular are timeless and well priced. It was an anecdote from the early times of her career when she attended a meeting. Ms. Bellettini, an executive director at Bottega Veneta, will succeed Paul Deneve, who is leaving to join Apple Inc. after just two years at the fashion label. Its not a problem. , Mr. Pinault set a broad strategic vision and gave her flexibility and freedom in reaching the goals. FORTUNE may receive compensation for some links to products and services on this website. Sales have just hit the 1.5 billion mark; her ultimate goal is to double it. Saint Laurent wanted to be a billion-dollar company. Its part of the DNA of the brand, Bellettini told Business of Fashion (BoF) in an April 2016 interview. Offers may be subject to change without notice. 25 April 2016. 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. You may cancel your subscription at anytime by calling Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. Hear the latest economic, business and market news, as well as global, national, and local news. Speaking of Gen Z, she says the key is to be authentic. 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. Non-Executive Director at Ferrari - View - Ferrari org chart. Inside out For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Getty. To receive the Vogue Business newsletter, sign up here. One Year with Print $8.95 Per month Billed annually at $107.40 Cancel anytime Indeed, the CEO of French fashion house Yves Saint Laurent, Francesca Bellettini, came to realize the storied firm. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. Bellettini, a former investment banker, had stints at Prada group and Helmut Lang. $ + tax And they certainly didnt know her. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) And she doesnt speak French. 2023 Fortune Media IP Limited. Specifically, by handing greater autonomy and authority to local market chiefs, the brand has been able to connect far better with audiences in each region. Two Days Mattered Most. , who was succeeded by Anthony Vacarello in April 2016. Her father, whom she adored, was an accountant at a lumber company; her mother, a school administrator. In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. Such praise is undoubtedly due, but Bellettinis work behind the scenes has been just as instrumental. Search instead in Creative? Speakers like Victoria Beckham, Saint Laurent chief executive Francesca Bellettini, Balenciaga CEO Cdric Charbit and model Bella Hadid engaged with a variety of issues: technological disruption, developing sustainable practices and . 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). Con Laetitia Casta, Mathieu Amalric, Pierre Arditi, Nomie Lvovsky. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Even when stores were closed, we did a lot of e-learning about how to sell the different product categories together, she says. He gives you autonomy within a framework., Ms. Bellettini relied on her Italian identity to navigate the alien culture of Paris. Her extensive managerial experience in the fashion industry precedes her time at Bottega Veneta;she previously was a merchandising director at Gucci, operations manager at Helmut Lang, and has also held various positions at Prada. Renaming a world-famous brand is never advisable. It became modern and sleek, with an homage to the brands history, while elevating it from the image Yves Saint Laurent called to mind at the time it made everyone have an opinion. university 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. I am very proud because our sales associates feel their efforts can make a difference. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Bellettini appointed Anthony Vaccarello as creative director in 2016. 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. 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. Indeed, it is this quality, together with a deep understanding of the importance of balance in all aspects of business, that has propelled Saint Laurent to remarkable heights in todays turbulent economic landscape. We talk a lot about strategy, where we want to go. 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. She was a villain, then an icon. Francesca Bellettini is an Italian businessperson who has been the head of 8 different companies and is Chairman at Yves Saint Laurent of Monaco, Chairman for Yves Saint Laurent Parfums SAS, Chairman & President of Yves Saint Laurent SAS, Chairman at Yves Saint Laurent Logistica SRL, Chairman at SL Luxury Retail SRL, Chairman at Yves Saint Laurent Spain SA, Chairman at Yves Saint Laurent Boutique France SAS and Co-Managing Director at Yves Saint Laurent Germany GmbH. Some white space to reach its new target. 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. Also, focus: In Paris, Ms. Bellettini lives in an apartment close to the 17th-century htel particulier on the Left Bank that serves as the companys creative core. Another question asked whether it was difficult for Bellettini to take a job in Paris, for a Parisian brand, when not speaking French herself. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. (For example, we would never do gaming simply because its something Generation Z is into. Bellettini is the kind of person who is goal driven and focusing on pushing forward towards that goal, said McInnes. Their brand offers an escape to people, which during this unparalleled time in our world, is vital. She sure is a powerhouse woman running a billion-dollar brand. 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. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. After Prada, she jumped to Helmut Lang, to Gucci and then to Bottega Veneta, where she was communication and merchandising director, living comfortably in Lugano, near Milan. Simply log into Settings & Account and select "Cancel" on the right-hand side. Many observers credit Slimane for Saint Laurents recent success. 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. Her husband, a businessman who has been in her life for 20 years, lives in Milan. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Miller, who was born in Guyana, says,"I believe that level of abuse means I am doing something right for investors.". If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Its a cascade. 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. 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. Getty. Despite a heavy workload and "massive" pressure, she said she feels secure in her career. We understand what each other wants, she said. . Thats when Mr. Pinault noticed her. Check if your It isn't easy. Ms. Bellettini, 47, not only has propelled the brand into the exclusive billion-euro club a status unofficially codified last season when the Saint Laurent show was moved to the shadow of the Eiffel Tower but in doing so has also made herself one of the most powerful women in fashion, where there are only a handful of female chief executives. The companys enviable performance can, in large extent, be attributed to a drastic and unexpected rebranding. 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. View the profiles of people named Francesca Bellettini. FRANCESCA BELLETTINI. It hasn't come without a cost. This has raised the bar for each and every one of us. Bellettini decided that experience in finance would bolster her chances of pursuing her dream of running a company -- and so, she dove into a very new universe of Goldmach Sachs International. Nevertheless, Bellettinis success was not easy to achieve. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. 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. Reproduce canciones como "Distratto (I Wonder About You) [Acoustic Live Solo]", "Be My Husband (Acoustic Live Solo)" y mucho ms. When you are at 2 billion, to think of potential at 3 billion is too easy, she says. 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. I didnt know Anthony personally, but I thought, He is the only one who can come here and do Saint Laurent, in the way Anthony sees women, she said. Customer Service. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. This generation doesnt appreciate being considered a target. Sign up to our newsletter for a truly global perspective on the fashion industry. Facebook gives people. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Lauren Sherman. In 2019 she was awarded the FrenchKnight of the Legion of Honour, the highest possible distinction for a civilian in the country. The rue de Bellechasse headquarters was the idea of Francesca Bellettini, president and CEO of Yves Saint Laurent. 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. (if applicable) for The Wall Street Journal. 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. Alex Murdaughs Trial Lasted Six Weeks. 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. Plan A was to study Business Administration at Bocconi University and follow her dream of running a company. 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. 787 Francesca Le Photos and Premium High Res Pictures - Getty Images All Entertainment News Archival Browse 787 francesca le stock photos and images available, or start a new search to explore more stock photos and images. Slimane leaves Saint Laurent, and Anthony Vaccarello is named. With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. Subhadra Dravida founded Transcell Biologics, a stem cell technology company, in 2009. She took it to that level within a three-year period.. He was Ms. Bellettinis only candidate. of Yves Saint Laurent. 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. Impressively, the executive has maintained the house's upward trajectorydespitethe departure of its star creative director Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. The scientific advance could aid people with recent hearing loss. offers FT membership to read for free. In 2019 she was awarded the French Knight of the Legion of Honour, the highest possible distinction for a civilian in the country. Some mourned the YSL moniker, while others embraced the freshness of the new name and new look. President and Chief Executive Officer, Yves Saint Laurent. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him. Our Q3 performance in China was very strong, with excellent growth in-store and online. It wasnt her first time in the line of fire, in any case. She joined the famous Parisian house, replacing Paul Deneuve, at a crucial time in its development. The oldest executive at Kering SA is Baudouin Prot, 69, who is the Director. Bellettini says her brand derives its revenue from a range of. She is resolved to stay true to the brands DNA while pushing to capture new customers and enter new markets. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. Bellettini also shared how she still does not speak French. The company has a remarkably even worldwide geographical coverage in terms of stores and customers. This, Bellettini maintains, also translates to improved business from travellers a key strategy given the huge potential of travel retail. Kering's third-quarter earnings presentation mentions a continued appeal to younger generations. If I can be honest, I dont think that today that campaign would even be shot..
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