When I had to replace Paul Deneve as C.E.O. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Customer Service. 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. This is made possible through a leadership style that is confident, but trusting. Please see our privacy policy for more information. We dont do it to sell an extra bag. Francesca Bellettini joined Kering in 2013. We focused even more on what we could control, staying focused on the things we could do better, she explains. She is resolved to stay true to the brands DNA while pushing to capture new customers and enter new markets. 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. Bellettini is the kind of person who is goal driven and focusing on pushing forward towards that goal, said McInnes. 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. Sustainability, another pressing topic for fashion brands to consider alongside growth, is a priority, Bellettini says. All rights reserved. Sign In. 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. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. 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. 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. As a subscriber, you have 10 gift articles to give each month. But she does believe in learning from mistakes. President and Chief Executive Officer, Yves Saint Laurent. Francesca Bellettini (FB): Saint Laurent's retail performances in China absolutely surpassed the pre-COVID-19 situation, boosted by Chinese consumers buying locally. Secondly, as a brand, YSL has set a clear strategy dedicated to never making compromises and executing meticulously. 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. 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. Around 60 per cent of Saint Laurent's clients were locals in 2020, according to Morgan Stanleys estimates. The enshittification of apps is real. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. 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. 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. Our Q3 performance in China was very strong, with excellent growth in-store and online. First its for the people of the industry and then its for the people that look at the industry. offers FT membership to read for free. Sexy concepts However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. It makes us simpatico. The worst thing you can do with your teams is to create a culture of fear.. 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. 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. 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. Alex Murdaughs Trial Lasted Six Weeks. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. 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. 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. Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. 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. I am very proud because our sales associates feel their efforts can make a difference. 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. My Lover, My Son: Dirigido por John Newland. Terms & Conditions. Facebook gives people. Bellettini joined Yves Saint Laurent from Bottega Veneta. Already a member? But she did not pull the ads. 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. 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. Impressively, the executive has maintained the house's upward trajectorydespitethe departure of its star creative director 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. 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. With the brands new direction firmly established, Bellettini is now focused on the future. 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. The company has a remarkably even worldwide geographical coverage in terms of stores and customers. Saint Laurent CEO Francesca Bellettini's big ambitions Saint Laurent is the new rising star at Kering. 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. She has been the chief executive officer of Yves Saint Laurent since 2013. 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.. Indeed, Bellettinis commitment to a balanced approach has made Saint Laurent the star of parent company Kerings vast portfolio of luxury brands. They talk just about every day, share vacations and some weekends, but rarely appear in public together. Their go-to expert? 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. From 2008 to 2013, she worked at Bottega Veneta, eventually as worldwide merchandising and communications director. Bellettini said that rather than trying to craft a personality far from your true self in order to win the interview, authenticity is key. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. university We understand what each other wants, she said. 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. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. In an exclusive interview with Vogue Business, CEO Francesca Bellettini shares her plans to continue growth while sticking to the brand's DNA. 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. Offers may be subject to change without notice. ", Kering CFO Jean-Marc Duplaix said during the earnings call that Saint Laurent had much room to grow further to a higher degree of penetration in certain markets: Globally speaking, the growth is very well balanced as it has always been the case at Saint Laurent between like-for-like growth and space expansion. China is still an important region. Francesca Bellettini was appointed president andchief executiveof Saint Laurent in July 2013. It isn't easy. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Thats when Mr. Pinault noticed her. Her father, whom she adored, was an accountant at a lumber company; her mother, a school administrator. PARIS Francesca Bellettini doesnt style her hair. This is why we are less vocal. Two Days Mattered Most. Bellettini encouraged everyone to always be curious. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. 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. In the summer of 2013, Slimane announced his bold decision to rename a fashion house that had been a fixture of the luxury scene for over half a century. 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. Our duty is to know what's going on in the supply chain and control it in the best possible way. 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 . The decision was to invest. 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. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering. Twenty-nine years old is a little early to do a job for money. Continuity candidate CEO and president of Yves Saint Laurent, Francesca Bellettini . It was an anecdote from the early times of her career when she attended a meeting. View the profiles of people named Francesca Bellettini. Bellettini, a former investment banker, had stints at Prada group and Helmut Lang. At the forefront of this strategy is balance. As a luxury brand, you secure the best part of the leather. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. This massage technique is attracting fans across Hollywood, including Ariana Grande, Kourtney Kardashian and Sean Diddy Combs. What was missing from Saint Laurent in 2012 was not the business or the foundation, but the fashion authority and the clarity of the brand. 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. Bellettini put a significant value on company culture. We support credit card, debit card and PayPal payments. Copyright 2023 Surperformance. Why? Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. 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. Comments, questions or feedback? Francesca Bellettini (born 18 April 1970) is an Italian business woman. But in spite of this natural reaction, one brand has defied the trend. (Bellettini has been opening an average of 20 new stores per year globally.). We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. Compare Standard and Premium Digital here. 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. 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. Bellettini says: The work that Anthony has been doing in terms of diversity of age, sex, gender, color, body type, as judged on a 360 basis, has been quite impressive, still being able to communicate the brand. The scientific advance could aid people with recent hearing loss. Despite this, Bellettini stated that they are stronger than ever as a brand. He asked me did I want to be C.E.O. I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. The news sent shockwaves through the industry, with many interpreting the change as a sign of disrespect to the companys founder and namesake. Due to the extraordinary growth of the company under her leadership, she has been named by the Financial Times as one of the 25 most influential women of 2022. Francesca was Worldwide Merchandising and Communications director at Bottega Veneta, and Strategic Planning & Associate Worldwide Merchandising Director at Gucci. or Over the last few years, this has hit high-end brands hard. How Saint Laurent Became a $3 Billion Powerhouse. Though she declined to disclose a more ambitious goal herself, industry sources say it wants to become a 5 billion brand in time. 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. In the third quarter of 2021, Saint Laurent generated 22 per cent of its sales in Asia Pacific, versus 41 per cent for Gucci and 35 per cent for Bottega Veneta. FORTUNE may receive compensation for some links to products and services on this website. 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. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Moreover, Bellettini called for everyone to be ambitious but never impatient; experiences take time to be made. All rights reserved. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. You can unsubscribe at any time. When he bought himself a honey-colored bulldog puppy at Christmas, he bought one in black for her. This was a further step, she says. 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. 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. Speaking of Gen Z, she says the key is to be authentic. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. You may cancel your subscription at anytime by calling She was appointed president and CEO of Yves Saint Laurent in 2013. The companys enviable performance can, in large extent, be attributed to a drastic and unexpected rebranding. Moderated by Emma . She had always loved fashion, but the job came with a 50 percent pay cut. Valerio Mezzanotti for The New York Times. 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. 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