Francesca Bellettini | BoF 500 | The People Shaping the Global Fashion The decision was to invest. All rights reserved. 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. Her husband, a businessman who has been in her life for 20 years, lives in Milan. One Year with Print $8.95 Per month Billed annually at $107.40 Cancel anytime Indeed, the CEO of French fashion house Yves Saint Laurent, Francesca Bellettini, came to realize the storied firm. But I dont have to do something to please someone or some client.. 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. One question asked Bellettini what she most enjoyed about her job. Bellettini recommended her viewers to always be observant of a companys culture before applying for a job. Secondly, as a brand, YSL has set a clear strategy dedicated to never making compromises and executing meticulously. of Yves Saint Laurent. PARIS Francesca Bellettini is riding high.. Their go-to expert? Francesca Bellettini | Kering 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. Moreover, Bellettini called for everyone to be ambitious but never impatient; experiences take time to be made. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Its part of the DNA of the brand, Bellettini told Business of Fashion (BoF) in an April 2016 interview. Proud to Be Italian: the Most Powerful Italian Women of The Fashion So maybe it makes sense that in this new mothership, the result of three years of work, he prefers a hidden space over all else. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering. We communicate the brand, and Anthony does it in a way thats very relevant, she says. I could spend all day in here, Vaccarello says. As an Italian national, Bellettini grew up loving fashion and beauty, noting how her hometown, an influential street fashion hub, was inspiring. 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 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. The World's Most Powerful Women: April 26 | Fortune Moderated by Emma . 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. That, to me, has been what makes her such a wonderful CEO, especially in a creative field like fashion, said McInnes. Investing veterans Deborah Jackson and Andrea Turner Moffitt connectfemale entrepreneurs with investors in a creative way with their firm, Plum Alley Investments. Its not a problem. , Mr. Pinault set a broad strategic vision and gave her flexibility and freedom in reaching the goals. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. Do whatever you like. She took the job. 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. 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 . Fashion has never been so competitive. Plan A was to study Business Administration at Bocconi University and follow her dream of running a company. Will Others Follow? Reach out to me, at: laura.cohn@gmail.com or @laurascohn. Email us at feedback@voguebusiness.com. Under CEO Francesca Bellettini and designer Anthony Vaccarello, Saint Laurent has more than doubled sales in 5 years and is on track to surpass $3 billion in 2022. Its a cascade. Eileen Fisher is trying to raise the bar for sustainable fashion. Saint Laurent opened its first flagship in China in 2019 and the network is being expanded in the country. Virtual reality and sports seem like polar opposites. She joined the famous Parisian house, replacing Paul Deneuve, at a crucial time in its development. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) As her son is somehow part of her dead lover, she falls in love with him and tries to seduce him, but he has a girlfriend named Julie. It is Bellettinis commitment to balance in this regard, as much as the brands DNA, that has pushed Saint Laurent to excel in both collections, achieving double-digit growth in a sluggish market. For cost savings, you can change your plan at any time online in the Settings & Account section. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. 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. He is a good cook; she is not, so he sometimes invites her over for pasta. Sexy concepts He was Ms. Bellettinis only candidate. offers FT membership to read for free. (For example, we would never do gaming simply because its something Generation Z is into. This generation doesnt appreciate being considered a target. 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. 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. Bellettini explained that she was not afraid: I am Italian, I can speak with my hands, I would figure it out. Bellettini, Rosenkranz, and Siegal shared a laugh at this response. Two Days Mattered Most. FRANCESCA BELLETTINI. It makes us simpatico. The worst thing you can do with your teams is to create a culture of fear.. Rebecca Faria, a 29-year-old Brazilian. 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. A dust-up occurred in 2015 during Mr. Slimanes tenure, when an ad featuring the young Dutch model Kiki Willems was censured and called irresponsible by Britains advertising watchdog agency because she looked excruciatingly thin. 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, 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. She lets me be totally free. 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. 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. Bellettini said that rather than trying to craft a personality far from your true self in order to win the interview, authenticity is key. However, under Francesca Bellettini's guidance, the rebadged Saint Laurent has been remarkably successful. This mistake turned into an important lesson, contributing to Bellettinis success in balancing the creative and business parts of the fashion brands she worked with based on mutual trust and respect. Got some news on an exceptional woman? (Bellettini has been opening an average of 20 new stores per year globally.). This business model is something Bellettini argues helps the brand to get back to its core essence as a fashion house. Hear the latest economic, business and market news, as well as global, national, and local news. She turned to her father for guidance. Mr. Vaccarello and Ms. Bellettini have since become soul mates. Francesca Bellettini Receives France's Legion of Honor - WWD As a subscriber, you have 10 gift articles to give each month. As a luxury brand, you secure the best part of the leather. Definitely the sensitivity of people and their ability to speak out is much bigger than before, she said. Saint Laurent wanted to be a billion-dollar company. 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 enshittification of apps is real. 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. 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. You can unsubscribe at any time. or 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. But when BoF founder and editor-in-chief Imran Amed asked Bellettini what she . California Weighs $360,000 in Reparations to Eligible Black Residents. 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). 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 . 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. Bellettini has achieved this global reach through a keen focus on developing local markets. The news sent shockwaves through the industry, with many interpreting the change as a sign of disrespect to the companys founder and namesake. YSL continues to grow that number. My Lover, My Son (1970) - IMDb 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]." Quick to smile at everyone, even in a smile-stingy city like Paris, she is also famously calm and loath to second-guess herself or her team. Bellettini appointed Anthony Vaccarello as creative director in 2016. Mr. Vaccarello and Ms. Bellettini have since become soul mates. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris.CreditMarco Cella for The New York Times. But she did not pull the ads. 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. 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. Over the last few years, this has hit high-end brands hard. 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.) It became modern and sleek, with an homage to the brands history, while elevating it from the image Yves Saint Laurent called to mind at the time it made everyone have an opinion. Bellettini says her brand derives its revenue from a range of. Premium access for businesses and educational institutions. 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. In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. Impressively, the executive has maintained the house's upward trajectorydespitethe departure of its star creative director Diversification has been one key to the houses current success. 2016 Saint Laurent achieves 26 per cent year-on-year growth. 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. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. Please see our privacy policy for more information. 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. In fact, the Parisian fashion house is doing so well it has become the fastest growing major brand in the competitive luxury fashion space. 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. Indeed, Bellettinis commitment to a balanced approach has made Saint Laurent the star of parent company Kerings vast portfolio of luxury brands. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. 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. 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. It was this confidence that led her to choose Mr. Vaccarello, 38, to replace Mr. Slimane, the designer who turned around the struggling Saint Laurent while changing the name of its ready-to-wear line, its store dcor, ad campaigns and every product. Francesca Bellettini Net Worth (2023) | wallmine 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. All rights reserved. He and Ms. Bellettini speak to each other in English but sometimes send text messages in Italian. Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. Offers may be subject to change without notice. Saint Laurent is never too skewed vis--vis anything vis--vis a product category, vis--vis a channel because we really believe in balance. To receive the Vogue Business newsletter, sign up here. 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. Certainly, Bellettini deserves to be recognised as one of the most influential leaders in fashion today. At a time when fashion is all about body positivity, Saint Laurent put thin models on the catwalk of its recent show. Bellettini joined YSL during a crucial time in its development. He never frightens you, she said. 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. Some people dont believe it, but Anthony was the only one I met for the job.. We dont do it to sell an extra bag. Another question asked whether it was difficult for Bellettini to take a job in Paris, for a Parisian brand, when not speaking French herself. Copyright 2023 Surperformance. Francesca Bellettini - Simple English Wikipedia, the free encyclopedia Inside out 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.
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