The 39-year-old fashion designer has always been a low-key personality, loath to toot his own horn, even though he has enjoyed double-digit sales growth at Saint Laurent since he was named creative director in April 2016. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Eileen Fisher is trying to raise the bar for sustainable fashion. 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. 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 . 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 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. The Saint Laurent head office is based on Rue de Bellechasse in Paris. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Her husband, a businessman who has been in her life for 20 years, lives in Milan. 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. You can still enjoy your subscription until the end of your current billing period. 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. 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. But I dont have to do something to please someone or some client.. 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. 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. By Roza Kovak. She is resolved to stay true to the brands DNA while pushing to capture new customers and enter new markets. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Despite a heavy workload and "massive" pressure, she said she feels secure in her career. And you have to act as if youre already there., https://www.nytimes.com/2018/02/27/style/francesca-bellettini-yves-saint-laurent-paris.html. Indeed, such a drastic identity change is usually a big no for established brands, but the audacious move came as part of a shake-up intended to give the brand some much-needed clarity. You may change your billing preferences at any time in the Customer Center or call 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. Saint Laurent wanted to be a billion-dollar company. The event ended with this final question: what is the greatest piece of advice you can share to the audience? We are delighted that you'd like to resume your subscription. organisation 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. Can New Bottega Balance Hype, Heritage and Rapid Growth. She is determined never to panic or bow to public pressure out of fear. Parent company Kerings 2016 results, for example, revealed the brands comparable revenue surged by an astonishing 33.9 percent across all product categories and geographic regions. offers FT membership to read for free. With the house on track to end 2021 with sales over 2 billion, CEO Francesca Bellettini believes the brand can rise even further. 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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. Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. All rights reserved. In 2008, she joined Bottega Veneta and became Worldwide Merchandising and Communications Director in 2010. 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. Im obsessed with two things: local customers and comp growth, says Bellettini. Thats when Mr. Pinault noticed her. 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. 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. Saint Laurent wanted to be a billion-dollar company. university We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. Premium access for businesses and educational institutions. 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. All rights reserved. Many observers credit Slimane for Saint Laurents recent success. Sign In. 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. 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. Bellettini has achieved this global reach through a keen focus on developing local markets. All Rights Reserved. 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. of Yves Saint Laurent. You have to know where you want to go, she said. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. Reproduce canciones como "Distratto (I Wonder About You) [Acoustic Live Solo]", "Be My Husband (Acoustic Live Solo)" y mucho ms. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. 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. Bellettini is the kind of person who is goal driven and focusing on pushing forward towards that goal, said McInnes. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. It wasnt her first time in the line of fire, in any case. Working with her is enriching, Mr. Vaccarello said. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. 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 . Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. This has raised the bar for each and every one of us. In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. 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. Apple said Mr. Deneve would be. 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. 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. When the number of Chinese tourists coming to Paris plummeted in the aftermath of terrorist attacks in January and November of 2015, Saint Laurent refocused its Paris stores on attracting France-based clients and ramped up the business in China. It was an anecdote from the early times of her career when she attended a meeting. 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. View the profiles of people named Francesca Bellettini. (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. 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. Search instead in Creative? Miller, who was born in Guyana, says,"I believe that level of abuse means I am doing something right for investors.". 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. We use 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. The rue de Bellechasse headquarters was the idea of Francesca Bellettini, president and CEO of Yves Saint Laurent. And they certainly didnt know her. 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. To receive the Vogue Business newsletter, sign up here. She was there to review a collection for the upcoming season. Bellettini took it to that level within a three-year period. 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. Such praise is undoubtedly due, but Bellettinis work behind the scenes has been just as instrumental. After graduating from high school, Bellettini had two plans. I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. International Womens Day happened to coincide with the campaign. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. We understand what each other wants, she said. Already a member? 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. He never frightens you, she said. 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. As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. 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. According to the fashion house's CEO, Francesca Bellettini, the Vaccarello era at the fashion house will be a . Ms. Bellettini said that she received a stream of hate emails, including one calling her a whore. 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 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. Ready-to-wear, however, is growing faster at the moment, Bellettini notes, but she adds that the breakdown per category is not meaningful. 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.. The biggest move to bring clarity back was changing the brand name. 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. In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. Virtual reality and sports seem like polar opposites. 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. 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. First of all fashion, in Bellettinis words, can transform you into a dreamer. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. Bellettini appointed Anthony Vaccarello as creative director in 2016. 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). But she did not pull the ads. 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. , who was succeeded by Anthony Vacarello in April 2016. For me, this is a balance between creativity, merchandising and business, added Bellettini. Ending with a hopefulness to participate the next time Brown University Fashion Week takes place in person, Bellettini left us in awe. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him. Moreover, Bellettini called for everyone to be ambitious but never impatient; experiences take time to be made. 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. 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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. 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. 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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 . This has been a big strength during the pandemic, when tourism stopped. Its effective, also because the name is powerful.. She has been the chief executive officer of Yves Saint Laurent since 2013. 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. Its a cascade. You may change or cancel your subscription or trial at any time online. Speaking of Gen Z, she says the key is to be authentic. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers. 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. This was a further step, she says. Email us at [email protected]. Bellettini has increased control over distribution, rationalised the number of wholesale doors and put in place a controlled and even more selective product distribution by signing contracts of selected distribution in Europe, converting in concessions some doors with wholesale partners. That, to me, has been what makes her such a wonderful CEO, especially in a creative field like fashion, said McInnes. 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. The company has a remarkably even worldwide geographical coverage in terms of stores and customers. 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. Already, as soon as Vaccarello arrived, they had made the decision to always wait one year to mark down the current collection. 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. We talk a lot about strategy, where we want to go. 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. This generation doesnt appreciate being considered a target. 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. 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. Some mourned the YSL moniker, while others embraced the freshness of the new name and new look. He was Ms. Bellettinis only candidate. 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.
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