Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. FORTUNE may receive compensation for some links to products and services on this website. I could spend all day in here, Vaccarello says. It isn't easy. This was a further step, she says. (For example, we would never do gaming simply because its something Generation Z is into. 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. He was Ms. Bellettinis only candidate. Victoria Beckham and Francesca Bellettini talk creativity and 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. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. If I can be honest, I dont think that today that campaign would even be shot.. She was appointed president and CEO of Yves Saint Laurent in 2013. Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. Its part of the DNA of the brand, Bellettini told Business of Fashion (BoF) in an April 2016 interview. 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. This has been a big strength during the pandemic, when tourism stopped. Francesca Bellettini, chief exec of fast-growing Yves Saint Laurent, Gina Miller, co-founder of investment boutique SCM Private, has campaigned against sneaky chargesin the asset management market. Over the last few years, this has hit high-end brands hard. ", The priority is to make sure the leather I use is sourced correctly. 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. The company broke even two years ago and recently received its firstinvestment from the Indian Angel Network. Thats when Mr. Pinault noticed her. Though she declined to disclose a more ambitious goal herself, industry sources say it wants to become a 5 billion brand in time. All rights reserved. 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. 518 Likes, 6 Comments - Francesca Root-Dodson (@francescajoroot) on Instagram: "Thrilled to be part of this beautiful production of "The Sign in Sidney Brustein's Window" with my" He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking Italian. The biggest move to bring clarity back was changing the brand name. 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. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. Sometimes if you look at one part, you lose the full picture, she says. 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. Francesca Bellettini - Simple English Wikipedia, the free encyclopedia You can unsubscribe at any time. 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. After graduating from high school, Bellettini had two plans. It was brilliant from a marketing standpoint. Francesca Bellettini - Biography - MarketScreener.com Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. Bellettini took it to that level within a three-year period. Saint Laurent is never too skewed vis--vis anything vis--vis a product category, vis--vis a channel because we really believe in balance. It was an anecdote from the early times of her career when she attended a meeting. Good morning, WMPW readers! You may change your billing preferences at any time in the Customer Center or call Apple said Mr. Deneve would be. You may change or cancel your subscription or trial at any time online. Alex Murdaughs Trial Lasted Six Weeks. International Womens Day happened to coincide with the campaign. With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. Her obsession is paying off. Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. The brands glamorous, sleek aesthetic puts the house in a better position than brands betting on short term fashion trends in a pandemic when consumers seek investment pieces, says Mario Ortelli, managing director of Ortelli & Co. In a world of luxury where theres a shift towards more street, more pop culture, more logos and a very instant reading of our time, Saint Laurent remains faithful to its aesthetic and consistent in its vocabulary, says Institut Franais de la Mode professor Benjamin Simmenauer. It earned the brand criticisms. 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. OXFORDSHIRE, United Kingdom These days, Saint Laurent chief executive Francesca Bellettini spends more time fielding questions about her former colleague, current Celine creative director Hedi Slimane, than she would perhaps like. How Saint Laurent Became a $3 Billion Powerhouse | BoF Inside out Enduring look Bellettini notes that tourists and local customers shop differently: tourists are in search of a better price but know what product they want, while locals are more selective. The fundamentals are even stronger, Bellettini says of the luxury houses current business, speaking in an exclusive Vogue Business interview at her marble-clad office in Paris. Thats critical: Saint Laurent doesnt give into trends, not even to court the sought-after Gen Z customer. She has been the chief executive officer of Yves Saint Laurent since 2013. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. A brand without clarity, at the end of the day, becomes just a commodity, said Bellettini at the Financial Times Business of Luxury conference in 2016. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. I knew that she had the qualities needed for the job: first, a strong personality and the ability to dedicate herself entirely to her mission without any hesitation; second, the capability to quickly understand what makes this maison so special and to endorse it and indeed, she adapted very quickly to Saint Laurent in a key moment of its history., Mr. Pinault called me to Paris one Friday afternoon, Ms. Bellettini recalled. This inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. 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 . Showing Editorial results for francesca bellettini. Saint Laurent Paris is consistent throughout, from manufacturing to customer service, with every employee at every level aware of the brand identity and carrying on their jobs with a full understanding of the story they are telling.. Leather goods represents the lions share of Saint Laurents sales (71 per cent of the business in 2020), which puts it in the league of brands with the highest percentage. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Simply log into Settings & Account and select "Cancel" on the right-hand side. Im obsessed with two things: local customers and comp growth, says Bellettini. Francesca Bellettini joined Kering in 2013. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Con Romy Schneider, Donald Houston, Dennis Waterman, Patricia Brake. 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. That means you risk having more leftovers. Power Moves | Francesca Bellettini Named CEO of Yves Saint Laurent 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. In a second, I said, Yes! Then I said, You know I dont speak French, right? and he said, I know that. First of all fashion, in Bellettinis words, can transform you into a dreamer. Subhadra Dravida founded Transcell Biologics, a stem cell technology company, in 2009. She wished for the brand to reach 1 billion dollars in sales -- and well, Bellettini crossed that goal by reaching 2 billion dollars in sales in 2017. 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. For a full comparison of Standard and Premium Digital, click here. Francesca Bellettini (FB): Saint Laurent's retail performances in China absolutely surpassed the pre-COVID-19 situation, boosted by Chinese consumers buying locally. As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. 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. Saint Laurent opened its first flagship in China in 2019 and the network is being expanded in the country. 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. Francesca Bellettini CEO Saint Laurent Future After Hedi Slimane She had always loved fashion, but the job came with a 50 percent pay cut. 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. 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. 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. PARIS Francesca Bellettini is riding high.. Francesca Bellettini is appointed president and chief executive. 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. Well, it turned out they didnt know much. Elon Musks Twitter is dying a slow and tedious death, Who to fire? 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. If you judge everything he has been doing since he has arrived and the inclusivity he has expressed from the first campaigns, I hope people are able to recognise that. . Simmenauer adds that the brands handbags in particular are timeless and well priced. , who was succeeded by Anthony Vacarello in April 2016. and other data for a number of reasons, such as keeping FT Sites reliable and secure, But the largest companies in Silicon Valley are trying to change that, using virtual sports platforms to drive adoption and profit in this new world. But she does believe in learning from mistakes. Francesca Bellettini: The Powerhouse Behind the Billion-Dollar Brand. 25 April 2016. 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. She has what she calls de-stressful activities three mornings a week: running as much as six miles along the Seine or kickboxing with a personal trainer. You need to be careful of not entering into this stress and anxiety of having to change and having to do everything new, every season, because half of the people havent even had the time to look at it and to experience it. We talk a lot about strategy, where we want to go. Ready-to-wear, however, is growing faster at the moment, Bellettini notes, but she adds that the breakdown per category is not meaningful. 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 . A great sales force can make a difference, in terms of proposing a silhouette. 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. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. 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. You need to take a position sometimes, and you also need to give consumers things they dont even know that they want.. 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. Biography of Francesca Bellettini - The Official Board 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. Bellettini shared a particular story about one of the biggest mistakes of her career which put her heart out for the audience; it was vulnerable and so very important. Frances advertising watchdog asked Saint Laurent to modify two ads. 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. Do whatever you like. She took the job. This documentary-style series follows investigative journalists as they uncover the truth. Later, at the investment bank Deutsche Morgan Grenfell in London, she helped pitched deals to luxury fashion houses, and in the process met Patrizio Bertelli, chief executive of the Prada Group. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. (if applicable) for The Wall Street Journal. Showing Editorial results for francesca le. 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. Our Q3 performance in China was very strong, with excellent growth in-store and online. For cost savings, you can change your plan at any time online in the Settings & Account section. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. 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. Cross selling requires more time. We focused even more on what we could control, staying focused on the things we could do better, she explains. That mindset is reflected in what Saint Laurent does as much as what it chooses not to do. Flexibility has been another. Sign In. He met with Ms. Bellettini secretly, and after several interviews, including one with Franois-Henri Pinault, Kerings chairman and chief executive, was offered the job. PARIS Francesca Bellettini doesnt style her hair. Francesca Bellettini Net Worth (2023) | wallmine Renaming a world-famous brand is never advisable. 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. While she was working as an investment banker, the fashion industry was flourishing. 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. Their go-to expert? 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. Balance is also evident in Saint Laurents approach to its clientele and distribution. Sales have just hit the 1.5 billion mark; her ultimate goal is to double it. Even when stores were closed, we did a lot of e-learning about how to sell the different product categories together, she says. Its effective, also because the name is powerful.. But I dont have to do something to please someone or some client.. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. The chef worked in kitchens for over 20 years before buying The French Laundryand has a secret hack for ordering In-N-Out fries. We would do it only if its coherent with the aesthetic of the brand, if it makes sense with the vision of Anthony, notes Bellettini.) Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. Thanks to the law of 1948 and to her grandmother, the nominal tenant who is always absent, Francesca Cigalone and all her tribe (thoughtless husband, orphan sister, self-centered film maker and his mistress of the day, eccentric granny, friends, friends of the friends . Check if your 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. Diversification has been one key to the houses current success. He gives you autonomy within a framework., Ms. Bellettini relied on her Italian identity to navigate the alien culture of Paris. Consumers realised it and since the offer was already well-developed, they could find it in stores.. 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. In 2019 she was awarded the FrenchKnight of the Legion of Honour, the highest possible distinction for a civilian in the country. Francesca Bellettini: The Powerhouse Behind the Billion-Dollar Brand 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. Bellettini explained that she was not afraid: I am Italian, I can speak with my hands, I would figure it out. Bellettini, Rosenkranz, and Siegal shared a laugh at this response. She doesnt wear hose even in the dead of winter. It makes us simpatico. The worst thing you can do with your teams is to create a culture of fear.. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. 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. Bellettini appointed Anthony Vaccarello as creative director in 2016. This is made possible through a leadership style that is confident, but trusting. Moderated by Emma . 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. The Saint Laurent head office is based on Rue de Bellechasse in Paris. The brands sales surged 45 per cent in the first three quarters of 2021, while parent groups Kering sales were up 36.6 per cent. Bellettini recommended her viewers to always be observant of a companys culture before applying for a job. In fact, the Parisian fashion house is doing so well it has become the fastest growing major brand in the competitive luxury fashion space. This is why we invested a lot in training. Continuity candidate I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. Email us at feedback@voguebusiness.com. Comments, questions or feedback? Definitely the sensitivity of people and their ability to speak out is much bigger than before, she said. Rebecca Faria, a 29-year-old Brazilian. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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.