Kering Unveils Leadership Changes at Saint Laurent and Balenciaga

Kering Unveils Leadership Changes at Saint Laurent and Balenciaga

Kering has recently announced significant leadership changes within two of its prestigious fashion houses, Saint Laurent and Balenciaga. The appointments of Cédric Charbit and Gianfranco Gianangeli as CEOs mark a new chapter aimed at driving innovation and growth for each brand.

Cédric Charbit Takes the Lead at Saint Laurent

Effective January 2, 2025, Cédric Charbit will step into the role of CEO for Saint Laurent. A veteran of the luxury industry, Cédric has been with Kering since 2012, where he initially served as the Product Strategy Director for the iconic house. He became the CEO of Balenciaga in 2016 and has been instrumental in refreshing its image and expanding its global footprint.

Vision for Saint Laurent

As he transitions to this new role, Cédric will leverage his extensive knowledge of the brand's heritage and identity to elevate Saint Laurent’s prestigious position in the luxury market. His unique ability to blend traditional craftsmanship with modern innovation is expected to further solidify the house's reputation as a leader in the fashion industry.

Gianfranco Gianangeli's New Role at Balenciaga

Assuming the position of CEO at Balenciaga is Gianfranco Gianangeli, who has a rich background in luxury merchandising, retail, and brand management. He previously served as Chief Commercial Officer at Saint Laurent and has held pivotal roles at various esteemed fashion houses, including Maison Margiela.

Expanding Balenciaga’s Reach

In his new capacity, Gianfranco will focus on continuing to expand Balenciaga’s global reach and enhancing its brand prestige. His strategic vision is expected to play a crucial role in reinforcing the house’s innovative approach while ensuring its adherence to luxury standards.

Leadership Dedication and Future Goals

Kering’s Deputy CEO in charge of Brand Development, Francesca Bellettini, expressed her confidence in both leaders' abilities to drive their respective brands forward. She highlighted their individual strengths and extensive industry experience as vital to the overall success of Kering’s luxury portfolio.

Francesca’s own transition to a more hands-on role in overseeing all of Kering’s fashion, leather goods, and jewelry brands showcases the company's commitment to strategic growth and adaptability in a competitive marketplace.

Support from Kering's Leadership

François-Henri Pinault, Chairman & CEO of Kering, reinforced the importance of strong leadership within the organization. He stated that these changes are designed to strengthen the company’s capabilities to tackle today’s challenges while remaining focused on long-term growth objectives.

A Look at Kering’s Vision

Kering stands as a global luxury powerhouse, managing an array of renowned brands such as Gucci, Bottega Veneta, and Alexander McQueen, in addition to the newly appointed leadership at Saint Laurent and Balenciaga. The company thrives on creativity and innovation, constantly pushing the envelope in the luxury sector.

With approximately 49,000 employees and revenues reaching €19.6 billion, Kering's commitment to sustainability and responsible luxury continues to be at the forefront of its operations, shaping the future of its fashion houses.

Frequently Asked Questions

Who are the new CEOs announced by Kering?

Cédric Charbit will be the CEO of Saint Laurent, while Gianfranco Gianangeli has been appointed as CEO of Balenciaga.

When will the new CEOs officially take their roles?

The new appointments will take effect on January 2, 2025.

What is Cédric Charbit known for within Kering?

Cédric has extensive experience in the luxury fashion industry and has been a part of Kering's team since 2012, previously leading Balenciaga.

What previous roles did Gianfranco Gianangeli hold?

Before becoming CEO of Balenciaga, Gianfranco served in leadership positions at prominent luxury brands, including his recent role as Chief Commercial Officer at Saint Laurent.

How does Kering view its future in the luxury market?

Kering is dedicated to enhancing its brand portfolio through creativity and strategic leadership to navigate industry challenges and support long-term growth.

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