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. 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. Virtual reality and sports seem like polar opposites. "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. 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. Right now, Bellettini is actively trying to learn French with the goal of becoming an Okay French speaker by the end of 2021. According to the fashion house's CEO, Francesca Bellettini, the Vaccarello era at the fashion house will be a . Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. The established fashion executive spent years at the helm of several Kering brands before being tapped to lead Saint Laurent. This generation doesnt appreciate being considered a target. Elon Musks Twitter is dying a slow and tedious death, Who to fire? It was drastic, said McInnes. Thats when Mr. Pinault noticed her. 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]." CEO Talks: Francesca Bellettini on Saint Laurent's Next Big Goal Will Others Follow? But is it bad? Copyright 2023 Surperformance. When describing why she chose Goldman Sachs International over other companies, she said that the company felt like a family. Despite a heavy workload and "massive" pressure, she said she feels secure in her career. Francesca Anderson, the rich wife of an older millionaire, can't cope with the death of her lover, who is the father of her only son, James. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. This, Bellettini maintains, also translates to improved business from travellers a key strategy given the huge potential of travel retail. 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How Yves Saint Laurent's CEO Worked to Improve Corporate Culture Thats critical: Saint Laurent doesnt give into trends, not even to court the sought-after Gen Z customer. The fired Google engineer who thought its A.I. The decision was to invest. When he bought himself a honey-colored bulldog puppy at Christmas, he bought one in black for her. 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Francesca Le Photos and Premium High Res Pictures - Getty Images View the profiles of people named Francesca Bellettini. 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. 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. 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" FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Francesca Bellettini, Luxury Fashion Leader - Bloomberg Secondly, as a brand, YSL has set a clear strategy dedicated to never making compromises and executing meticulously. 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. 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. (In the third quarter, sales were up 28.1 per cent, while Kering sales were up 12.2 per cent) In 2020, when the pandemic hit, sales were down 13.8 percent while Kering sales were down 16.4 percent. 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. Such was Slimanes influence that many industry analysts predicted his departure would lead to a reversal of Saint Laurents recent growth. 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. Hedi Slimane 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. Bellettini encouraged everyone to always be curious. Please see our privacy policy for more information. 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By Laure Guilbault November 15, 2021 Courtesy of Saint Laurent 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. Anthony Vaccarello has nearly finished giving a tour of the just-opened 140,000-square-foot headquarters of fashion house Yves Saint Laurent in a tony corner of Pariss seventh arrondissement when, heading toward the exit, he says hes saved his favorite part for last. 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. Bellettini recommended her viewers to always be observant of a companys culture before applying for a job. She is determined never to panic or bow to public pressure out of fear. By Roza Kovak. The brand also completely stopped making public markdowns during the pandemic. Francesca was Worldwide Merchandising and Communications director at Bottega Veneta, and Strategic Planning & Associate Worldwide Merchandising Director at Gucci. He gives you autonomy within a framework., Ms. Bellettini relied on her Italian identity to navigate the alien culture of Paris. Con Laetitia Casta, Mathieu Amalric, Pierre Arditi, Nomie Lvovsky. The event ended with this final question: what is the greatest piece of advice you can share to the audience? You can still enjoy your subscription until the end of your current billing period. All Rights Reserved. Chief Executive Officer, Yves Saint Laurent at Kering - View - Kering org chart. 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. Alex Murdaugh Receives Life Sentence: What Happens Now? An Italian woman who had never run a company, lived in Paris or learned the unwritten codes of French society, she was considered a strange choice to become chief executive of Yves Saint Laurent, the ultimate French brand, in 2013. (For example, we would never do gaming simply because its something Generation Z is into. He never frightens you, she said. 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. Miller, who was born in Guyana, says,"I believe that level of abuse means I am doing something right for investors.". She later became the Operations Manager for Helmut Lang where she found out that she was just as much attracted to the create aspect of the fashion industry as the business aspect. 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. As a subscriber, you have 10 gift articles to give each month. PARIS Francesca Bellettini doesnt style her hair. The chef worked in kitchens for over 20 years before buying The French Laundryand has a secret hack for ordering In-N-Out fries. Under Bellettinis leadership and Vaccarellos creative guidance, Saint Laurent has continued its unprecedented rise. 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. And they certainly didnt know her. Francesca Bellettini has achieved the impossible with Saint Laurent. Saint Laurent was the star of the Kering Groups most recent earnings publications. I am very proud because our sales associates feel their efforts can make a difference. A University of East Anglia researcher, Helen Bear, is developing technology to enable computers to read lips. Terms & Conditions. It was a very ironic, very playful way to present stilettos and boots, she said. Bellettini has overseen a radical rebranding, overhauling the company from within Image: Nico. For more information read our Terms & Conditions and Privacy Policy. Comments, questions or feedback? Im obsessed with two things: local customers and comp growth, says Bellettini. This is why we are less vocal. 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. Francesca Bellettini - Biography - MarketScreener.com Though she declined to disclose a more ambitious goal herself, industry sources say it wants to become a 5 billion brand in time. The World's Most Powerful Women: April 26 | Fortune Continuity candidate In his new novel, Tracy Flick Cant Win, author Tom Perrotta asks: Who is Tracy Flick now? Although the virtual platform did not allow us to see the audience members, you could tell by Rosenkranz and Siegals faces that they were thoroughly moved by Bellettinis words. Two Days Mattered Most. 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. Ms. Bellettini said that she received a stream of hate emails, including one calling her a whore. Francesca Bellettini has achieved the impossible with Saint Laurent 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. 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 . She climbed the ladder at Kering starting in 2003, when she joined as strategic planning director and associate worldwide merchandising director of Gucci. organisation Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. You may cancel your subscription at anytime by calling And you have to act as if youre already there., https://www.nytimes.com/2018/02/27/style/francesca-bellettini-yves-saint-laurent-paris.html. 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. What was truly striking, however, was when Bellettini explained her out-look on life: if Plan A fails, Plan B will never be a watered-down version; instead, both paths will take her down something remarkable and exciting. After graduation, she moved to New York for a training program with Goldman Sachs, then to London to work with its Italian mergers and acquisitions team. You will be charged When you are at 2 billion, to think of potential at 3 billion is too easy, she says. This inspired Bellettini to, in 1999, join the Business Planning and Development division of the Prada group. Bellettini says her brand derives its revenue from a range of. Cross selling requires more time. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. Bloody hell!. Reach out to me, at: laura.cohn@gmail.com or @laurascohn. Creative director Hedi Slimane left to take the reins of Celine and she recruited Vaccarello to succeed him. 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. FORTUNE may receive compensation for some links to products and services on this website. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Francesca Bellettini: The Powerhouse Behind the Billion-Dollar Brand In 1999, he offered her a job as part of Pradas then-new business development division. Francesca Bellettini | BoF 500 | The People Shaping the Global Fashion Yves Saint Laurent Names Francesca Bellettini CEO; Hedi Slimane - WSJ In a second, I said, Yes! Then I said, You know I dont speak French, right? and he said, I know that. How Saint Laurent Became a $3 Billion Powerhouse. Customer Service. A record number of women made Britains rich list, Yves Saint Laurents chief exec talks about managing a successful fashion business, and in one area of Silicon Valley, women rule. 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 . This is made possible through a leadership style that is confident, but trusting. While she was working as an investment banker, the fashion industry was flourishing. 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. Why? Board of Directors | Ferrari Corporate Non-Executive Director at Ferrari - View - Ferrari org chart. Francesca Root-Dodson on Instagram: "Thrilled to be part of this When I met him, I was incredibly impressed that he was not at all afraid of the challenge. Got some news on an exceptional woman? All rights reserved. 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. Forging Saint Laurent's Future with Francesca Bellettini Mr. Vaccarello and Ms. Bellettini have since become soul mates. 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. 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. Their go-to expert? With the brands new direction firmly established, Bellettini is now focused on the future. Francesca Bellettini, the chief executive of Yves Saint Laurent, in Paris. Enduring look Bellettini has achieved this global reach through a keen focus on developing local markets. Silicon Valley always seems to be abuzz about the limited number of womenin the tech industry. Moderated by Emma . Francesca Bellettini was appointed president andchief executiveof Saint Laurent in July 2013. Francesca Bellettini is appointed president and chief executive. Search instead in Creative? Flexibility has been another. Bellettini said that rather than trying to craft a personality far from your true self in order to win the interview, authenticity is key. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. YSL continues to grow that number. But in one areapublic relationswomen appear to dominate. It was pissing me off a little bit, she said. CEO and president of Yves Saint Laurent, Francesca Bellettini . Exclusive: Step Inside YSL's New Parisian Headquarters - WSJ Standard Digital includes access to a wealth of global news, analysis and expert opinion. The biggest move to bring clarity back was changing the brand name. Inside out Hear the latest economic, business and market news, as well as global, national, and local news. You can unsubscribe at any time. 29 November 2018. 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. During tumultuous economic periods, purse strings are naturally tightened and non-essential purchases are forgone, including luxuries. 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. 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. Part of establishing Saint Laurents new image has been a focus on permanent collections. Her obsession is paying off. In the luxury group's2018 full-year results, Saint Laurent reached sales1.74 billion, a 16.1 percent increase in reported growth. Saint Laurent wanted to be a billion-dollar company. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Our Q3 performance in China was very strong, with excellent growth in-store and online. 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. 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. He is a good cook; she is not, so he sometimes invites her over for pasta. This has raised the bar for each and every one of us. 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. Renaming a world-famous brand is never advisable. These days, only 19 percent of YSL sales come from ready-to-wear, 59 percent from leather goods, 14 percent from shoes and the rest from miscellaneous items like eyewear. personalising content and ads, providing social media features and to 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. He was Ms. Bellettinis only candidate. Francesca Bellettini, chief exec of fast-growing Yves Saint Laurent, says a crucial part of managing a business is balance. 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. How Anthony Vaccarello and Francesca Bellettini took Saint Laurent to offers FT membership to read for free. From left, Ms. Bellettini; Anthony Vaccarello, creative director for Saint Laurent, and Franois-Henri Pinault, chairman and chief executive of Kering. It hasn't come without a cost. 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. (Personal luxury goods sales dropped 22 per cent at the time, according to a Bain Altagamma study.) Proud to Be Italian: the Most Powerful Italian Women of The Fashion 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. 2023 Fortune Media IP Limited. Bellettini believes having a permanent collection is vital in ensuring brand awareness and recruiting customers. In his place, Bellettini appointed Anthony Vaccarello, a young designer who had previously been successful at Versus Versace. As a luxury brand, you secure the best part of the leather. Luckily, everyone in Bellettinis team did speak English with her. 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 . California Weighs $360,000 in Reparations to Eligible Black Residents. 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. There are 12 older and 7 younger executives at Kering SA. 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. cookies The rue de Bellechasse headquarters was the idea of Francesca Bellettini, president and CEO of Yves Saint Laurent. Smaller categories such as silk, jewellery and eyewear are also booming, contributing to growth. Showing Editorial results for francesca bellettini. Bellettini joined YSL during a crucial time in its development. Francesca Bellettini (FB): Saint Laurent's retail performances in China absolutely surpassed the pre-COVID-19 situation, boosted by Chinese consumers buying locally. Nice to Meet You (Acoustic Live Solo) de Francesca Michielin Another question asked whether it was difficult for Bellettini to take a job in Paris, for a Parisian brand, when not speaking French herself.