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. While she was working as an investment banker, the fashion industry was flourishing. First its for the people of the industry and then its for the people that look at the industry. Have a good Tuesday! Over the last few years, this has hit high-end brands hard. 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. Her husband, a businessman who has been in her life for 20 years, lives in Milan. Some people dont believe it, but Anthony was the only one I met for the job.. Indeed, Bellettinis commitment to a balanced approach has made Saint Laurent the star of parent company Kerings vast portfolio of luxury brands. You will be charged (For example, we would never do gaming simply because its something Generation Z is into. Why? When I met him, I was incredibly impressed that he was not at all afraid of the challenge. 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. Bellettini will succeed current chief executive Paul Deneve, who after two years at the head of the luxury fashion label is leaving for a position in the technology industry in California . Please see our privacy policy for more information. Such praise is undoubtedly due, but Bellettinis work behind the scenes has been just as instrumental. 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. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. 2023 Fortune Media IP Limited. 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. Her poise, her elegance, her drive, all with an overwhelming optimism. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. But when BoF founder and editor-in-chief Imran Amed asked Bellettini what she . Our Q3 performance in China was very strong, with excellent growth in-store and online. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. She took it to that level within a three-year period.. Saint Laurent CEO Francesca Bellettini's big ambitions Saint Laurent is the new rising star at Kering. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. Bellettini is a remarkable woman. It earned the brand criticisms. You can unsubscribe at any time. This is why we invested a lot in training. Bellettini joined YSL during a crucial time in its development. Terms & Conditions. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. Bellettini put a significant value on company culture. Apple said Mr. Deneve would be. The oldest executive at Kering SA is Baudouin Prot, 69, who is the Director. She sure is a powerhouse woman running a billion-dollar brand. 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. Bloody hell!. 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. 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. 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. So maybe it makes sense that in this new mothership, the result of three years of work, he prefers a hidden space over all else. We support credit card, debit card and PayPal payments. 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President and Chief Executive Officer, Yves Saint Laurent. Already a member? They are reluctant to be targeted.. 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 joined Kering in 2013. You will be notified in advance of any changes in rate or terms. And though former Creative Director Hedi Slimane was very much a driving force for this transition, it was CEO Francesca Bellettini who ensured the success of such a risky strategy, while also overseeing a radical overhaul of the company from within. Well, it turned out they didnt know much. It isn't easy. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. FRANCESCA BELLETTINI. Elon Musks Twitter is dying a slow and tedious death, Who to fire? 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. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. 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. 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. She doesnt wear hose even in the dead of winter. Proud to Be Italian: the Most Powerful Italian Women of The Fashion 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. This is to ensure the offer is reflecting the current vision of the brand. Speaking of Gen Z, she says the key is to be authentic. He never frightens you, she said. Eileen Fisher is trying to raise the bar for sustainable fashion. 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. She studied economics and business administration at Bocconi University in Milan, spending five months at the University of Chicago as an exchange student in her senior year, which forced her to quickly improve the limited English she had learned at school. Secondly, as a brand, YSL has set a clear strategy dedicated to never making compromises and executing meticulously. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. But in spite of this natural reaction, one brand has defied the trend. 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. 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. One question asked Bellettini what she most enjoyed about her job. In 2019 she was awarded the French Knight of the Legion of Honour, the highest possible distinction for a civilian in the country. 29 November 2018. 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. Francesca Bellettini | Kering 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. This has raised the bar for each and every one of us. Francesca Bellettini is appointed president and chief executive. Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. The only time that there is more women on the set as extras is a swimming pool scene and they're all in bikinisany swimming pool scene and suddenly it's full of women. Francesca Bellettini a star at Saint Laurent | Financial Times Already, as soon as Vaccarello arrived, they had made the decision to always wait one year to mark down the current collection. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. We communicate the brand, and Anthony does it in a way thats very relevant, she says. He was required to sign a confidentiality agreement. Comments, questions or feedback? Saint Laurent is never too skewed vis--vis anything vis--vis a product category, vis--vis a channel because we really believe in balance. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. The news sent shockwaves through the industry, with many interpreting the change as a sign of disrespect to the companys founder and namesake. Francesca Bellettini was appointed president andchief executiveof Saint Laurent in July 2013. By Laure Guilbault November 15, 2021 Courtesy of Saint Laurent Virtual reality and sports seem like polar opposites. Sustainability, another pressing topic for fashion brands to consider alongside growth, is a priority, Bellettini says. And they certainly didnt know her. 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. A great sales force can make a difference, in terms of proposing a silhouette. Biography of Francesca Bellettini - The Official Board Getty. 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. This has been a big strength during the pandemic, when tourism stopped. She later became the Operations Manager for Helmut Lang where she found out that she was just as much attracted to the create aspect of the fashion industry as the business aspect. Email us at feedback@voguebusiness.com. 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. At a time when fashion is all about body positivity, Saint Laurent put thin models on the catwalk of its recent show. She has been the chief executive officer of Yves Saint Laurent since 2013. 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. We are delighted that you'd like to resume your subscription. 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. But there is only one problem, it is half the salary. He told me, In my life I never earned the money you are going to make at Prada. Its effective, also because the name is powerful.. 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. (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. Well keep working on it because for me, the journey in sustainability is never finished. You may change your billing preferences at any time in the Customer Center or call It was brilliant from a marketing standpoint. 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. My Lover, My Son: Dirigido por John Newland. Compare Standard and Premium Digital here. , who was succeeded by Anthony Vacarello in April 2016. Consumers realised it and since the offer was already well-developed, they could find it in stores.. 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. (if applicable) for The Wall Street Journal. (Bellettini has been opening an average of 20 new stores per year globally.). Notable for Saint Laurent under Bellettini is its leather business. For cost savings, you can change your plan at any time online in the Settings & Account section. Saint Laurent was the star of the Kering Groups most recent earnings publications. 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. 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. PARIS Francesca Bellettini is riding high.. 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. When he bought himself a honey-colored bulldog puppy at Christmas, he bought one in black for her. Check if your CEO Talks: Francesca Bellettini on Saint Laurent's Next Big Goal Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking Italian. of Yves Saint Laurent. The ads were displayed on about 250 kiosks in France, mainly in Paris, and in fashion magazines; the open-legged ad was splashed on a large billboard along the route to Paris from Charles de Gaulle airport. He is a good cook; she is not, so he sometimes invites her over for pasta. 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. Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. Showing Editorial results for francesca bellettini. 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. You can still enjoy your subscription until the end of your current billing period. Cross selling requires more time. 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. It was a very ironic, very playful way to present stilettos and boots, she said. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. We focused even more on what we could control, staying focused on the things we could do better, she explains. 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. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. Though she declined to disclose a more ambitious goal herself, industry sources say it wants to become a 5 billion brand in time. 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. 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. Le grand appartement (2006) - IMDb 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. Many observers credit Slimane for Saint Laurents recent success. To win local customers, Saint Laurent invested in sales staff training. 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. Together they weathered a storm of public opprobrium last March, when Frances advertising watchdog asked Saint Laurent to modify two ads created by Mr. Vaccarello after receiving dozens of complaints that they degraded women. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. Good morning, WMPW readers! She had always loved fashion, but the job came with a 50 percent pay cut. 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. Despite a heavy workload and "massive" pressure, she said she feels secure in her career. Subhadra Dravida founded Transcell Biologics, a stem cell technology company, in 2009. . With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. When you are at 2 billion, to think of potential at 3 billion is too easy, she says. analyse how our Sites are used. Showing Editorial results for francesca le. 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. 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. But she did not pull the ads. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Sign In. She climbed the ladder at Kering starting in 2003, when she joined as strategic planning director and associate worldwide merchandising director of Gucci. Hear the latest economic, business and market news, as well as global, national, and local news. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. When she arrived from another Kering brand, Bottega Veneta, in 2013, the. In 1977, following the meeting with her husband Bertelli who is still her right-hand today, Miuccia quickly revolutionized the concept of Haute Couture, introducing the concept of sportiness in a world that previously looked at it as a parallel universe. The luxury house is known for its formalwear and sharp tailoring. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. 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 is an Italian businessperson who has been the head of 8 different companies and currently is Chairman at Yves Saint Laurent of Monaco, Chairman of Yves Saint Laurent Parfums SAS, Chairman & President of Yves Saint Laurent SAS, Chairman at Yves Saint Laurent Logistica SRL, Chairman for SL Luxury Retail SRL, Chairman at Yves Saint Laurent Spain SA, Chairman of Yves Saint . What did they know? Simmenauer adds that the brands handbags in particular are timeless and well priced. The biggest move to bring clarity back was changing the brand name. 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. 2023 The Business of Fashion. 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.. Yves Saint Laurent Names Francesca Bellettini CEO; Hedi Slimane - WSJ You need to take a position sometimes, and you also need to give consumers things they dont even know that they want.. Francesca Bellettini has achieved the impossible with Saint Laurent. 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. Forging Saint Laurent's Future with Francesca Bellettini As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. Nonetheless, the brand attracts luxurys coveted younger consumers. People from her region have a disarming way of speaking that makes them sound playful even when they are dead serious. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. Copyright 2023 Surperformance. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. We dont do it to sell an extra bag. How Saint Laurent Became a $3 Billion Powerhouse. She was a villain, then an icon. Frances advertising watchdog asked Saint Laurent to modify two ads. 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. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) Francesca Le Photos and Premium High Res Pictures - Getty Images Join Facebook to connect with Francesca Bellettini and others you may know. He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking. 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. In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. The chief executive officer of Saint Laurent last year steered the brand's revenues past the barrier of one billion euros, or $1.11 billion at . It was pissing me off a little bit, she said. 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. 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. The Saint Laurent head office is based on Rue de Bellechasse in Paris. 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. Since 2012, Saint Laurent Paris, formerly known as Yves Saint Laurent, has boasted double-digit year-on-year growth. It is only then can we find long-term joy and success. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. university Two Days Mattered Most. The biggest move to bring clarity back was changing the brand name. or 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. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him.