Saint Laurent Revolution: Cédric Charbit Takes CEO Helm Amid Fashion Shake-Up!

Hold onto your designer hats because Kering is making waves again! Buckle up as we dive into the whirlwind of changes shaking up the world of high fashion. 🚀

In a move that'll leave fashionistas buzzing, Cédric Charbit, the maestro behind Balenciaga's recent triumphs, is stepping into the spotlight as the new CEO of Saint Laurent! Meanwhile, Gianfranco Gianangeli is ready to take the reins at Balenciaga. Talk about a power shift! Both will report directly to none other than Francesca Bellettini, who’s not just resting on her laurels as Kering's deputy CEO, oh no! She's fired up and ready to conquer new horizons in fashion, leather goods, and jewelry.

Mark your calendars, folks, because these changes kick in on January 2, 2025! Yes, just in time to shake off the holiday glitter! This stunning announcement follows hot on the heels of Kering's revelation about Stefano Cantino stepping in as Gucci's new CEO. Check out the full scoop!

Why are these moves so electrifying? Well, Bellettini puts it best, hailing Charbit for his profound understanding of Saint Laurent's unique identity. She's confidence personified as she declares Gianfranco the perfect successor for Charbit at Balenciaga. It's a real game of fashion chess with the stakes higher than ever!

Francesca Bellettini, who has masterfully led Saint Laurent since 2013, has turbocharged the brand's trajectory, transforming sales from a cool €557 million to a jaw-dropping €3.2 billion by 2023. Check out how she’s been crafting her empire under the Yves Saint Laurent banner! Read more

But wait, there's more! This isn’t just a regular shuffle; it’s happening while Kering navigates a challenging period at Gucci and reels from a luxury downturn. Sales at Saint Laurent plunged 9% in the first nine months of 2024, leveling off at €2.11 billion. Yikes!

Fans of Cédric Charbit will be thrilled to see him return to Saint Laurent, where he once ruled as the king of strategic genius. Under his watch, Balenciaga made headlines with the sensational reintroduction of its couture business in 2020. Sales skyrocketed from €410 million in 2016 to a dazzling €2.13 billion in 2022! Get the full buzz here.

So, whether you're a die-hard fashion lover or just here for the corporate drama, stay tuned as these titans of couture gear up for a thrilling new era. Who said fashion was predictable? 🎉