This is why we are less vocal. 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. 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. Im obsessed with two things: local customers and comp growth, says Bellettini. 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. Its part of the DNA of the brand, Bellettini told Business of Fashion (BoF) in an April 2016 interview. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. Twenty-nine years old is a little early to do a job for money. It was pissing me off a little bit, she said. She has that rare leadership quality which allows her team members to do the work they were hired to do with little or no interference. Getty. Yet, this also meant that they could not hire more people either. 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.
Francesca Bellettini a star at Saint Laurent | Financial Times 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. We communicate the brand, and Anthony does it in a way thats very relevant, she says. We understand what each other wants, she said. 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. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) The rue de Bellechasse headquarters was the idea of Francesca Bellettini, president and CEO of Yves Saint Laurent. 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. Since 2012, Saint Laurent Paris, formerly known as Yves Saint Laurent, has boasted double-digit year-on-year growth.
Francesca Bellettini: The Powerhouse Behind the Billion-Dollar Brand What did they know? 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 . Consumers realised it and since the offer was already well-developed, they could find it in stores.. We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. Cathy Chai left her steady job in financeat a UN agencyin Beijing for a finance gig at Medecins San Frontieres (Doctors Without Borders) in war-torn South Sudan. 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. 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. Comments, questions or feedback? We focused even more on what we could control, staying focused on the things we could do better, she explains. This inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. 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. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. 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. 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. Ending with a hopefulness to participate the next time Brown University Fashion Week takes place in person, Bellettini left us in awe. 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. Although Bellettini shared that she did not always know she wanted to work in the fashion industry, she was certain her dream was to run a company. 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.
Reach out to me, at: laura.cohn@gmail.com or @laurascohn.
Exclusive: Step Inside YSL's New Parisian Headquarters - WSJ 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 .
Proud to Be Italian: the Most Powerful Italian Women of The Fashion By Roza Kovak. YSL continues to grow that number. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. Alex Murdaughs Trial Lasted Six Weeks. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. Bellettini is a remarkable woman. You may change or cancel your subscription or trial at any time online. 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. Smaller categories such as silk, jewellery and eyewear are also booming, contributing to growth. Francesca Bellettini was appointed president andchief executiveof Saint Laurent in July 2013. 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. Nevertheless, Bellettinis success was not easy to achieve. 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. 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. With the brands new direction firmly established, Bellettini is now focused on the future. Mr. Vaccarello and Ms. Bellettini have since become soul mates. 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, as she speaks, is dressed in a head-to-toe Saint Laurent: a floral blouse and mustard slacks.) Eileen Fisher is trying to raise the bar for sustainable fashion. (if applicable) for The Wall Street Journal. "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.
How Anthony Vaccarello and Francesca Bellettini took Saint Laurent to Bellettini stressed the importance of finding those special people along who you can trust. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. The news sent shockwaves through the industry, with many interpreting the change as a sign of disrespect to the companys founder and namesake. But she did not pull the ads. This has raised the bar for each and every one of us. For more information read our Terms & Conditions and Privacy Policy. Enduring look Copyright 2023 Surperformance. When I had to replace Paul Deneve as C.E.O. Virtual reality and sports seem like polar opposites. But in one areapublic relationswomen appear to dominate. You can unsubscribe at any time. Bloody hell!. Bellettini recommended her viewers to always be observant of a companys culture before applying for a job. 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.. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. She sure is a powerhouse woman running a billion-dollar brand. 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 use While attending a recent industry function, she said a man told her she was a"disgrace" and that her campaign"would bring down the entire City [London's financial district]." Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Over the last few years, this has hit high-end brands hard. Join Facebook to connect with Francesca Bellettini and others you may know. Terms & Conditions. Bellettini appointed Anthony Vaccarello as creative director in 2016. Francesca Bellettini (born 18 April 1970) is an Italian business woman. Our duty is to know what's going on in the supply chain and control it in the best possible way. California Weighs $360,000 in Reparations to Eligible Black Residents.
All rights reserved. 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. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. We work a lot on conversion.. We talk a lot about strategy, where we want to go. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him. of Yves Saint Laurent.
Saint Laurent CEO Francesca Bellettini's big ambitions The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. We dont do it to sell an extra bag. In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. We are delighted that you'd like to resume your subscription. It wasnt her first time in the line of fire, in any case. In 1999, he offered her a job as part of Pradas then-new business development division. Ms. Bellettini said that she received a stream of hate emails, including one calling her a whore. 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. We support credit card, debit card and PayPal payments. 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.