- Slice of Retail
- Posts
- Kering Appoints New CEOs for Saint Laurent and Balenciaga
Kering Appoints New CEOs for Saint Laurent and Balenciaga
Slice of Retail Team
December 02, 2024
Key Highlights:
Cédric Charbit appointed CEO of Saint Laurent, effective January 2, 2025.
Gianfranco Gianangeli named CEO of Balenciaga, effective the same date.
Both leaders will report to Francesca Bellettini, Kering Deputy CEO in charge of Brand Development.
Source: Direct
Notable Quotes:
"Cédric is exceptionally prepared to drive the continued growth and success of Saint Laurent. Equally, I am confident that Gianfranco is the ideal leader to succeed Cédric as CEO of Balenciaga."
"These evolutions further reinforce our organization. We have the right leadership team in place to address current industry challenges and set the pace for long-term growth."
Our Take:
This leadership reshuffle at Kering signals a strategic push for sustained growth and innovation across its iconic brands. Cédric Charbit’s successful tenure at Balenciaga, marked by expansion and a Haute Couture relaunch, makes him a natural choice for Saint Laurent. Similarly, Gianfranco Gianangeli’s proven expertise in merchandising and retail, coupled with his leadership at Maison Margiela, positions him well to further elevate Balenciaga. With Francesca Bellettini now fully focused on brand development across Kering’s portfolio, the group appears well-equipped to navigate evolving luxury industry dynamics.