Changes in top management of Yves Saint Laurent
Kering SA (formerly PPR SA, the Pinault Group) the French luxury company and owner of the Yves Saint Laurent brand has altered its top management
Longtime fashion executive Francesca Bellettini is appointed as new CEO of the brand as of September 2013. Bellettini is executive director at Bottega Veneta (belonging also to Kering SA), before she woked for Guuc (also Kering) and held positions at Prada Group SpA. She is succeeding Paul Deneve who served as CEO only for two years. Deneve accepted the position of CEO on condition of being able to change the label’s designer and replace former creative director during eight years, Stefano Pilati, he was free to choose the exact time and he replaced him around one year after his arrival and appointed Hedi Slimane. Since his appointment, he was the key in breathing new life into the label making less than 5 % of kering’s revenue in 2012. In late October the brand unveiled a new store concept designed by Slimane, the brand launched the new website also redesigned by him. Outgoing CEO will take up a new career opportunity in the high tech industry communicated Kering.
Creative director Hedi Slimane will newly supervise all strategic projects for Yves Saint Laurent in addition to his current responsibility for the brand image and creations.
In 2012 Yves Saint Laurent’s sales rose by 34 % to EUR 472.8 million, however Somane’s first designs arrived at the stores only in January 2013.
Bernard Arnault promotes his daughter at LVMH
Late June, Delphine Arnault, daughter of Bernard Arnault was elected to become number two at the Louis Vuitton brand of the LVMH group
Delphine Arnault (38) was promoted to executive vice president as of coming September. It is the second major appointment in less than a year at the top of LVMH’s largest fashion label, and comes as the brand seeks to revive its business in the face of increasingly sluggish sales growth. Delphine works for the group and at Christian Dior Couture since 2003. In 2008, she was named deputy managing director. She was instrumental in recruiting Dior’s new designer, Raf Simons, whose collections have been hotly anticipated at recent seasons of Paris Fashion Week. Her brother Antoine is currently and since 2005 heading LVMH’S men’s brand Berluti.
It is foreseeable that Bernard Arnault will also install in the future more family members, such as the children of his second marriage. Actually these children are too young yet.