French luxury group Kering has promoted Balenciaga chief Cédric Charbit to Iead Saint Laurent, its second-biggest brand.
The move will allow Francesca Bellettini, Saint Laurent’s CEO since 2013, to be “entirely dedicated” to her role as Kering’s co-deputy CEO, Kering said in a statement Monday.
Gianfranco Gianangeli will replace Charbit at the helm of Balenciaga. The executive joined Kering last year as chief commercial officer at Saint Laurent, following a three-year stint as CEO of Maison Margiela.
Stay tuned to BoF for updates on this developing story.
