Francesca Bellettini was considered an odd choice for the heritage house but shes led it into the billion-euro club. Francesca Bellettini began her career in London as an investment banker, working at Goldman Sachs International, Deutsche Morgan Grenfell and Compass Partners International. Virtual reality and sports seem like polar opposites. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. We talk a lot about strategy, where we want to go. We dont do it to sell an extra bag. 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. 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. Some mourned the YSL moniker, while others embraced the freshness of the new name and new look. Slimane leaves Saint Laurent, and Anthony Vaccarello is named. 29 November 2018. 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. The decision was to invest. 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. As a luxury brand, you secure the best part of the leather. Bellettini is a remarkable woman. Saint Laurent wanted to be a billion-dollar company. Thats when Mr. Pinault noticed her. 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. Escucha 'Nice to Meet You (Acoustic Live Solo)' de Francesca Michielin en Apple Music. The ad campaign had almost run its course, and Saint Laurent did not respond to the criticism. Twenty-nine years old is a little early to do a job for money. 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. 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. Well, it turned out they didnt know much. This is why we are less vocal. She lets me be totally free. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Plan B was to study Mechanical Engineering at Bologna University and work for Ferrari; she had a bright laugh when describing how she aspired to be on the side-lines of the track changing the racing wheels of the cars. 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. 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. offers FT membership to read for free. Francesca Bellettini is appointed president and chief executive. Bellettini joined YSL during a crucial time in its development. When you are at 2 billion, to think of potential at 3 billion is too easy, she says. analyse how our Sites are used. 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 2008, she joined Bottega Veneta and became Worldwide Merchandising and Communications Director in 2010. Francesca Bellettini (born 18 April 1970) is an Italian business woman. cookies PARIS Francesca Bellettini doesnt style her hair. I didnt know Anthony personally, but I thought, He is the only one who can come here and do Saint Laurent, in the way Anthony sees women, she said. She climbed the ladder at Kering starting in 2003, when she joined as strategic planning director and associate worldwide merchandising director of Gucci. This was a further step, she says. of Yves Saint Laurent. 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. Indeed, Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers, particularly given around 70 percent of customers each year are new. As a subscriber, you have 10 gift articles to give each month. 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. Because in each and every one of them, we offer a balanced collection, from entry level to higher price points, and from different occasions and views. Thanks to the law of 1948 and to her grandmother, the nominal tenant who is always absent, Francesca Cigalone and all her tribe (thoughtless husband, orphan sister, self-centered film maker and his mistress of the day, eccentric granny, friends, friends of the friends . Facebook gives people. OXFORDSHIRE, United Kingdom These days, Saint Laurent chief executive Francesca Bellettini spends more time fielding questions about her former colleague, current Celine creative director Hedi Slimane, than she would perhaps like. Her poise, her elegance, her drive, all with an overwhelming optimism. 2013 - Present, 2008 - 2013, Buying & Merchandising Director, Selfridges, Creative Director, Tom Ford & Chairman, CFDA, Former Chairman & Chief Executive, Yoox Net-a-Porter Group. 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. 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. 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, a former investment banker, had stints at Prada group and Helmut Lang. He asked me did I want to be C.E.O. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. View the profiles of people named Francesca Bellettini. 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. 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. You may change your billing preferences at any time in the Customer Center or call Why? 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. 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. Bellettini took it to that level within a three-year period. Bellettini has increased control over distribution, rationalised the number of wholesale doors and put in place a controlled and even more selective product distribution by signing contracts of selected distribution in Europe, converting in concessions some doors with wholesale partners. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. She joined the famous Parisian house, replacing Paul Deneuve, at a crucial time in its development. If I can be honest, I dont think that today that campaign would even be shot.. One question asked Bellettini what she most enjoyed about her job. Luckily, everyone in Bellettinis team did speak English with her. Nowadays, I see that the consumer approaches Saint Laurent from every product category depending on what they want, said Bellettini to BoF. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Showing Editorial results for francesca le. Ending with a hopefulness to participate the next time Brown University Fashion Week takes place in person, Bellettini left us in awe. 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. 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. While she was working as an investment banker, the fashion industry was flourishing. 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. Search instead in Creative? Bellettini also believes that no job is a waste of time, even if we have to deal with bosses that we do not like. Bellettini said that rather than trying to craft a personality far from your true self in order to win the interview, authenticity is key. could be sentient says Microsofts chatbot feels like watching the Shark Tank investor Kevin OLeary says a new generation of employee has never worked in an officeand its totally I cant afford to sell because I dont want to lose that rate: 3% mortgage rates will loom large over the U.S. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Gucci became the first brand to go public, attracting business administrators to the sector. 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. . 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. We work a lot on conversion.. When I had to replace Paul Deneve as C.E.O. That, to me, has been what makes her such a wonderful CEO, especially in a creative field like fashion, said McInnes. Definitely the sensitivity of people and their ability to speak out is much bigger than before, she said. 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. 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. Its a cascade. Notable for Saint Laurent under Bellettini is its leather business. PARIS The Vogue Paris Fashion Festival gathered industry voices from heritage brands to startups; traditional retail to digital; casting agents to supermodels. Bellettini encouraged everyone to always be curious. Our Q3 performance in China was very strong, with excellent growth in-store and online. Bellettini also shared how she still does not speak French. Powered and implemented by Interactive Data Managed Solutions. For me, this is a balance between creativity, merchandising and business, added Bellettini. You can still enjoy your subscription until the end of your current billing period. 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. Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers. Terms & Conditions. Join Facebook to connect with Francesca Bellettini and others you may know. Saint Laurent still has white space to open stores, develop in Asia and reinforce cross-selling across product categories, says Ortelli. Valerio Mezzanotti for The New York Times. Non-Executive Director at Ferrari - View - Ferrari org chart. Comedienne Amy Schumer makes the cover of Vanity Fair, Trump supporters sell 'Trump That Bitch' t-shirts depicting Hillary Clinton as the businessman candidatestruggles to attract female voters, Women will grace 5 pound and 10 pound notes in Scotland, Howa woman rose to senior product manager from customer support at Etsy, Fire departments in the U.S. turn to women volunteers, Designer Christine Kendall sues Alexander McQueen over Duchess of Cambridge's wedding dress, actress Helen Mirren, reflecting on a lack of roles for women in movies. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. You may change or cancel your subscription or trial at any time online. This is to ensure the offer is reflecting the current vision of the brand. Saint Laurent CEO Francesca Bellettini's big ambitions Saint Laurent is the new rising star at Kering. 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. He is Belgian-born, and his first language is French, but his parents come from Agrigento in Sicily, and he grew up speaking. You can unsubscribe at any time. It was brilliant from a marketing standpoint. 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. 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 . But in spite of this natural reaction, one brand has defied the trend. Francesca Bellettini was appointed president andchief executiveof Saint Laurent in July 2013. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Now, we have arrived at a level of quality that is so high that we can use them for trimmings of some products. Two Days Mattered Most. 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. 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. 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. She sure is a powerhouse woman running a billion-dollar brand. 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. Can New Bottega Balance Hype, Heritage and Rapid Growth. 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. 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. Bloody hell!. 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. Saint Laurent is the second largest Kering house (representing 13 per cent of the group sales) behind Gucci. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering.