Getty. Bellettini encouraged everyone to always be curious. 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. 2023 Fortune Media IP Limited. You have to know where you want to go, she said. offers FT membership to read for free. Showing Editorial results for francesca bellettini. Proud to Be Italian: the Most Powerful Italian Women of The Fashion It isn't easy. Fashion has never been so competitive. CEO and president of Yves Saint Laurent, Francesca Bellettini . 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. The fired Google engineer who thought its A.I. FORTUNE may receive compensation for some links to products and services on this website. Francesca Bellettini | Kering Sustainability, another pressing topic for fashion brands to consider alongside growth, is a priority, Bellettini says. 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. 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. At the time Pinault, chairman of parent company Kering, wasopen about his wish that the house reach $1 billion dollars in sales and Bellettini played an integral role in achieving thatgoal. When I met him, I was incredibly impressed that he was not at all afraid of the challenge. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. 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. Victoria Beckham and Francesca Bellettini talk creativity and In 1999, she joined the Business Planning and Development division of the Prada group, and later became Operations Manager for Helmut Lang. Apple said Mr. Deneve would be. 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 . Bellettini is a remarkable woman. Francesca Bellettini Profiles | Facebook Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. It earned the brand criticisms. You need to take a position sometimes, and you also need to give consumers things they dont even know that they want.. Bellettini has achieved this global reach through a keen focus on developing local markets. 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 inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. 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. Its a cascade. Premium access for businesses and educational institutions. 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. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. Bellettini appointed Anthony Vaccarello as creative director in 2016. Got some news on an exceptional woman? When describing why she chose Goldman Sachs International over other companies, she said that the company felt like a family. Please see our privacy policy for more information. Showing Editorial results for francesca le. He was required to sign a confidentiality agreement. Compare Standard and Premium Digital here. When you are at 2 billion, to think of potential at 3 billion is too easy, she says. 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. He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking. According to the fashion house's CEO, Francesca Bellettini, the Vaccarello era at the fashion house will be a . 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. All rights reserved. Francesca Bellettini (FB): Saint Laurent's retail performances in China absolutely surpassed the pre-COVID-19 situation, boosted by Chinese consumers buying locally. Sign up to our newsletter for a truly global perspective on the fashion industry. Renaming a world-famous brand is never advisable. 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. 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. 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. As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. 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 . Le grand appartement: Dirigido por Pascal Thomas. I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. 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. 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. The World's Most Powerful Women: April 26 | Fortune 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. Two Days Mattered Most. Check if your 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. This documentary-style series follows investigative journalists as they uncover the truth. 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. YSL continues to grow that number. We work a lot on conversion.. 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. ", The priority is to make sure the leather I use is sourced correctly. She sure is a powerhouse woman running a billion-dollar brand. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. She worked at Prada and Helmut Lang prior to. She doesnt use mascara or foundation. 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. Francesca Bellettini has achieved the impossible with Saint Laurent. 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. 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]." How Yves Saint Laurent's CEO Worked to Improve Corporate Culture Elon Musks Twitter is dying a slow and tedious death, Who to fire? 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. To win local customers, Saint Laurent invested in sales staff training. He was Ms. Bellettinis only candidate. Saint Laurent is the second largest Kering house (representing 13 per cent of the group sales) behind Gucci. Having crossed the $1 billion in sales threshold in 2017, the brand isa star performer in parent companyKerings luxury portfolio. Bellettini proclaimed herself to be a perfectionist; and although this can be helpful to produce meticulous work, she also recognized how it does not allow for mistakes; and, mistakes are critical on the journey to growth and success. International Womens Day happened to coincide with the campaign. 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. Le grand appartement (2006) - IMDb There are 12 older and 7 younger executives at Kering SA. 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. Our duty is to know what's going on in the supply chain and control it in the best possible way. 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. 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. Facebook gives people. Luckily, everyone in Bellettinis team did speak English with her. California Weighs $360,000 in Reparations to Eligible Black Residents. The reality, however, has proven to be very different. All rights reserved. Saint Laurent CEO Francesca Bellettini Reveals the Brand's Secrets to Enduring look 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. 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. Bellettini, a former investment banker, had stints at Prada group and Helmut Lang. 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. 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. The Saint Laurent head office is based on Rue de Bellechasse 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. He asked me did I want to be C.E.O. 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. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. 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. Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. The creative director responded to Bellettini with, So you did not like the rest? Bellettini drew attention to how important it is to respect designers and understand the pressure they have on their shoulders. This has raised the bar for each and every one of us. Francesca Bellettini, Luxury Fashion Leader - Bloomberg Around 60 per cent of Saint Laurent's clients were locals in 2020, according to Morgan Stanleys estimates. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. In 1999, he offered her a job as part of Pradas then-new business development division. In fact, the Parisian fashion house is doing so well it has become the fastest growing major brand in the competitive luxury fashion space. 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.) 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. She joined Kering in 2003 as Strategic Planning Director and Associate Worldwide Merchandising Director of Gucci. Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. Slimane leaves Saint Laurent, and Anthony Vaccarello is named. She lets me be totally free. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. Indeed, Bellettinis commitment to a balanced approach has made Saint Laurent the star of parent company Kerings vast portfolio of luxury brands. 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. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. 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. You will be notified in advance of any changes in rate or terms. Londons Investment Appeal Is Unraveling as Arm Heads to the US, UN report: Modern weapons being smuggled to Haiti from US, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation. While she was working as an investment banker, the fashion industry was flourishing. 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. Board of Directors | Ferrari Corporate After graduating from high school, Bellettini had two plans. We focused even more on what we could control, staying focused on the things we could do better, she explains. 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. You may cancel your subscription at anytime by calling I never have the feeling that we should do something different.. Twenty-nine years old is a little early to do a job for money. 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. Francesca Bellettini | BoF 500 | The People Shaping the Global Fashion Yves Saint Laurent Names Francesca Bellettini CEO; Hedi Slimane - WSJ She had always loved fashion, but the job came with a 50 percent pay cut. All rights reserved. Thats when Mr. Pinault noticed her. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. 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. 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. She took it to that level within a three-year period.. 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. 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. Terms & Conditions. It was brilliant from a marketing standpoint. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. Alex Murdaugh Receives Life Sentence: What Happens Now? Her poise, her elegance, her drive, all with an overwhelming optimism. View the profiles of people named Francesca Bellettini. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 29 November 2018. Bellettinis first major decision as CEO was to give Slimane more autonomy in deciding the labels creative direction a move that would firmly establish Saint Laurent as a refreshed brand, while also marking Bellettinis preference for allowing people the freedom to do what they do best. She is determined never to panic or bow to public pressure out of fear. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. For me, this is a balance between creativity, merchandising and business, added Bellettini. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. 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. We communicate the brand, and Anthony does it in a way thats very relevant, she says. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. and other data for a number of reasons, such as keeping FT Sites reliable and secure, He never frightens you, she said. One featured a model in a fur jacket and fishnet tights reclining with her legs spread wide open; the other, a model in a leotard and roller-skate stilettos bending over a stool. 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. We are the only French couture house to be relevant in both menswear and womenswear. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. Now, we have arrived at a level of quality that is so high that we can use them for trimmings of some products. university The oldest executive at Kering SA is Baudouin Prot, 69, who is the Director. How Saint Laurent Became a $3 Billion Powerhouse | BoF When I had to replace Paul Deneve as C.E.O. You can still enjoy your subscription until the end of your current billing period. Search instead in Creative? Her husband, a businessman who has been in her life for 20 years, lives in Milan. When she saw an article of clothing she really liked, she could not hold herself from saying I really liked that, without thinking about what her comments impact could be. 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.