of Saint Laurent, she was the first name on my list, Mr. Pinault said. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him. 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. During the later stages of the conversation, when asked about the secrets of her success, she elaborated on how the relationship between the creative and business parts of a fashion brand is the single most important factor. 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. One question asked Bellettini what she most enjoyed about her job. 29 November 2018. 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. Francesca Bellettini is appointed president and chief executive. 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. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. 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. We communicate the brand, and Anthony does it in a way thats very relevant, she says. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. Showing Editorial results for francesca le. Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. You need to be careful of not entering into this stress and anxiety of having to change and having to do everything new, every season, because half of the people havent even had the time to look at it and to experience it. 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 . According to the fashion house's CEO, Francesca Bellettini, the Vaccarello era at the fashion house will be a . This is made possible through a leadership style that is confident, but trusting. Diversification has been one key to the houses current success. Saint Laurent CEO Francesca Bellettini's big ambitions Saint Laurent is the new rising star at Kering. ", The priority is to make sure the leather I use is sourced correctly. President and Chief Executive Officer, Yves Saint Laurent. Luckily, everyone in Bellettinis team did speak English with her. Francesca Bellettini joined Kering in 2013. One of the few female CEOs leading a fashion brand, Francesca Bellettini started her career as an investment banker before switching industries. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. Rosenkranz and Siegal moved on to the audience Q&A section of the talk, where they noted that Fashion@Brown had received pages and pages and pages of submitted questions. We work a lot on conversion.. 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. This is to ensure the offer is reflecting the current vision of the brand. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. Bellettini joined YSL during a crucial time in its development. Some mourned the YSL moniker, while others embraced the freshness of the new name and new look. 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. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. It makes us simpatico. The worst thing you can do with your teams is to create a culture of fear.. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. 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. In 2013, she became President and Chief Executive Officer of Yves Saint Laurent. 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 was appointed president andchief executiveof Saint Laurent in July 2013. In 2019 she was awarded the French Knight of the Legion of Honour, the highest possible distinction for a civilian in the country. Im obsessed with two things: local customers and comp growth, says Bellettini. The enshittification of apps is real. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) , who was succeeded by Anthony Vacarello in April 2016. 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. Such praise is undoubtedly due, but Bellettinis work behind the scenes has been just as instrumental. Yet, this also meant that they could not hire more people either. You will be notified in advance of any changes in rate or terms. He was Ms. Bellettinis only candidate. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Notable for Saint Laurent under Bellettini is its leather business. She turned to her father for guidance. 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. The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. For a full comparison of Standard and Premium Digital, click here. Its one thing to have a strong brand and brand messaging, but that is lost within itself if it isnt carried throughout every level of the business, McInnes explained. Browse 110 francesca bellettini stock photos and images available, or start a new search to explore more stock photos and images. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. They are reluctant to be targeted.. 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. Definitely the sensitivity of people and their ability to speak out is much bigger than before, she said. Its not a problem. , Mr. Pinault set a broad strategic vision and gave her flexibility and freedom in reaching the goals. This has raised the bar for each and every one of us. When I met him, I was incredibly impressed that he was not at all afraid of the challenge. Many observers credit Slimane for Saint Laurents recent success. You will be charged Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. 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. While she was working as an investment banker, the fashion industry was flourishing. We see with the store reopening worldwide, we have a lot of younger customers coming, people in their 20s, buying gifts, etc., she says. 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. First its for the people of the industry and then its for the people that look at the industry. This documentary-style series follows investigative journalists as they uncover the truth. 2023 The Business of Fashion. 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. 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. 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 hasn't come without a cost. From 2008 to 2013, she worked at Bottega Veneta, eventually as worldwide merchandising and communications director. This is why we are less vocal. The fired Google engineer who thought its A.I. A seasonless strategy favouring evolution over revolution has hammered home the brand's message to consumers. 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For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. and other data for a number of reasons, such as keeping FT Sites reliable and secure, In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. She joined Kering in 2003 as Strategic Planning Director and Associate Worldwide Merchandising Director of Gucci. 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After looping across the vast courtyard of the former 18th-century abbey, through the showrooms, we pass through the front gate at the rue de Bellechasse. 518 Likes, 6 Comments - Francesca Root-Dodson (@francescajoroot) on Instagram: "Thrilled to be part of this beautiful production of "The Sign in Sidney Brustein's Window" with my" I said, I met Mr. Bertelli and he offered me the job of my life, and I can leave banking, she recalled. Customer Service. of Yves Saint Laurent. FOR those predicting another seismic shift in brand identity at Saint Laurent - following the departure of Hedi Slimane last month and the appointment of Anthony Vaccarello - you will be in for a surprise. Flexibility has been another. 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. Le grand appartement: Dirigido por Pascal Thomas. Con Laetitia Casta, Mathieu Amalric, Pierre Arditi, Nomie Lvovsky. Indeed, it is this quality, together with a deep understanding of the importance of balance in all aspects of business, that has propelled Saint Laurent to remarkable heights in todays turbulent economic landscape. Their brand offers an escape to people, which during this unparalleled time in our world, is vital. But there is only one problem, it is half the salary. He told me, In my life I never earned the money you are going to make at Prada. This has been a big strength during the pandemic, when tourism stopped. This, Bellettini maintains, also translates to improved business from travellers a key strategy given the huge potential of travel retail. But I dont have to do something to please someone or some client.. That, to me, has been what makes her such a wonderful CEO, especially in a creative field like fashion, said McInnes. "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. But is it bad? Con Romy Schneider, Donald Houston, Dennis Waterman, Patricia Brake. Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. We are the only French couture house to be relevant in both menswear and womenswear. Francesca Bellettini (born 18 April 1970) is an Italian business woman. 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. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. 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. 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. Email us at feedback@voguebusiness.com. Alex Murdaughs Trial Lasted Six Weeks. Her obsession is paying off. 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. It isn't easy. We support credit card, debit card and PayPal payments. Check if your 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. 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. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International.
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