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. In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. You will be notified in advance of any changes in rate or terms. Smaller categories such as silk, jewellery and eyewear are also booming, contributing to growth. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Moderated by Emma . In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. Mr. Vaccarello and Ms. Bellettini have since become soul mates.
Can New Bottega Balance Hype, Heritage and Rapid Growth. Mr. Vaccarello and Ms. Bellettini have since become soul mates. It is Bellettinis commitment to balance in this regard, as much as the brands DNA, that has pushed Saint Laurent to excel in both collections, achieving double-digit growth in a sluggish market. Search instead in Creative? university or Francesca Bellettini has achieved the impossible with Saint Laurent. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International.
Sales have just hit the 1.5 billion mark; her ultimate goal is to double it. 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. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The reality, however, has proven to be very different. Sometimes if you look at one part, you lose the full picture, she says. We understand what each other wants, she said. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. 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. Still, she acknowledged, It is sometimes true you dont consider the circumstances in which things happen.. 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. 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. 25 April 2016. Yet, this also meant that they could not hire more people either. 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. View the profiles of people named Francesca Bellettini. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. From 2008 to 2013, she worked at Bottega Veneta, eventually as worldwide merchandising and communications director. 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. It was a very ironic, very playful way to present stilettos and boots, she said. Bellettini also shared how she still does not speak French. 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. When he bought himself a honey-colored bulldog puppy at Christmas, he bought one in black for her. After graduating from high school, Bellettini had two plans. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. 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.) Bellettini says her brand derives its revenue from a range of. Inside out (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. You may change or cancel your subscription or trial at any time online. The fired Google engineer who thought its A.I. But when BoF founder and editor-in-chief Imran Amed asked Bellettini what she . Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. Despite this, Bellettini stated that they are stronger than ever as a brand.
Yves Saint Laurent Names Francesca Bellettini CEO; Hedi Slimane - WSJ Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Bellettini put a significant value on company culture. Leather in particular is a material the brand is paying attention to, in terms of avoiding waste. Miller, who was born in Guyana, says,"I believe that level of abuse means I am doing something right for investors.". 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. 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. Belletini also serves on the executive committee of France's Fdration de la Haute Couture et de la Mode and in July 2019 was elected president of theChambre Syndicale de la Mode Fminine, the country's governing body for womenswear.
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. Markdowns are now limited to controlled environments meaning few private sales dedicated to selected clients and outlets, which she calls a legitimate channel with very small overlap of clientele with stores.
Saint Laurent CEO Francesca Bellettini Reveals the Brand's Secrets to Customer Service.
Victoria Beckham and Francesca Bellettini talk creativity and Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. All rights reserved. Quick to smile at everyone, even in a smile-stingy city like Paris, she is also famously calm and loath to second-guess herself or her team. Nonetheless, the brand attracts luxurys coveted younger consumers. Please see our privacy policy for more information. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. Saint Laurent opened its first flagship in China in 2019 and the network is being expanded in the country. "I most often work in places that are torn by war, natural disasters or epidemic, but I'm incredibly at peace amid the chaos," she said. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. 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. Saint Laurent is the second largest Kering house (representing 13 per cent of the group sales) behind Gucci. 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. She was a villain, then an icon. The companys enviable performance can, in large extent, be attributed to a drastic and unexpected rebranding. 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 . (For example, we would never do gaming simply because its something Generation Z is into. 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. Saint Laurent is never too skewed vis--vis anything vis--vis a product category, vis--vis a channel because we really believe in balance. 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. The event ended with this final question: what is the greatest piece of advice you can share to the audience? She doesnt use mascara or foundation. 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. Compare Standard and Premium Digital here. Customer Service. By Roza Kovak. Saint Laurent wanted to be a billion-dollar company. In an exclusive interview with, Ganni, Patagonia and Reformation join pilot to decarbonise fashion, US retailers prepare for new normal in 2023 after rocky year, Chanel names Whitney Peak as new face of Coco Mademoiselle, Victoria Beckham and Francesca Bellettini talk creativity and sustainability in Paris, The Long View by Vogue Business: Bracing for a summer without Americans, Enter your email to receive editorial updates, special offers and breaking news alerts from, Gucci stumbles as Asia-Pacific growth slows. That means you risk having more leftovers. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. Fashion has never been so competitive. offers FT membership to read for free. analyse how our Sites are used. Premium access for businesses and educational institutions. He was required to sign a confidentiality agreement. This is made possible through a leadership style that is confident, but trusting.
Francesca Bellettini | Kering 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. (if applicable) for The Wall Street Journal. People from her region have a disarming way of speaking that makes them sound playful even when they are dead serious. Renaming a world-famous brand is never advisable. She allots 90 minutes every Monday morning for a lesson with a French tutor and sometimes stays up to midnight studying grammar. CEO and president of Yves Saint Laurent, Francesca Bellettini . Con Romy Schneider, Donald Houston, Dennis Waterman, Patricia Brake.
Francesca Root-Dodson on Instagram: "Thrilled to be part of this Sustainability, another pressing topic for fashion brands to consider alongside growth, is a priority, Bellettini says. 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. It helps that were open, that we tend to smile, that we have this funny accent, she said, smiling. 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. Ms. Bellettini said that she received a stream of hate emails, including one calling her a whore. 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.
Francesca Bellettini | BoF 500 | The People Shaping the Global Fashion Our duty is to know what's going on in the supply chain and control it in the best possible way. As a subscriber, you have 10 gift articles to give each month.
Francesca Bellettini - Biography - MarketScreener.com What did they know? 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. Alex Murdaughs Trial Lasted Six Weeks. Simply log into Settings & Account and select "Cancel" on the right-hand side.
Francesca Bellettini Receives France's Legion of Honor - WWD of Yves Saint Laurent. 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. This generation doesnt appreciate being considered a target. 29 November 2018.
Francesca Bellettini: The Powerhouse Behind the Billion-Dollar Brand You can unsubscribe at any time. 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. 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.
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. She sure is a powerhouse woman running a billion-dollar brand. We support credit card, debit card and PayPal payments. Flexibility has been another. 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 . Check if your Getty. 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. To win local customers, Saint Laurent invested in sales staff training. Anyone can read what you share. 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.
Board of Directors | Ferrari Corporate PARIS Francesca Bellettini doesnt style her hair. She took it to that level within a three-year period.. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. 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.. Bellettini, a former investment banker, had stints at Prada group and Helmut Lang. Even before Mr. Slimane decided not to renew his contract after slightly less than four years at the house, Ms. Bellettini had noticed an interesting trend in fashion magazines and shops like Colette in Paris and Bergdorfs in New York: Mr. Vaccarellos ready-to-wear was being matched up with Saint Laurents accessories. 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. 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. 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 . 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. How Saint Laurent Became a $3 Billion Powerhouse. At the forefront of this strategy is balance. Life & Arts Saint Laurent CEO Francesca Bellettini on the making of a $1bn brand At the FT's Business of Luxury conference in San Francisco this week, the head of the French house with 26 per. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. 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. It was an anecdote from the early times of her career when she attended a meeting. Under Bellettinis leadership and Vaccarellos creative guidance, Saint Laurent has continued its unprecedented rise. 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. All rights reserved. In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. 2016 Saint Laurent achieves 26 per cent year-on-year growth. 2023 Fortune Media IP Limited. Subhadra Dravida founded Transcell Biologics, a stem cell technology company, in 2009. In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. He is a good cook; she is not, so he sometimes invites her over for pasta.
Francesca Bellettini a star at Saint Laurent | Financial Times Francesca Bellettini is appointed president and chief executive. 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. The biggest move to bring clarity back was changing the brand name. 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. 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.