Under CEO Francesca Bellettini and designer Anthony Vaccarello, Saint Laurent has more than doubled sales in 5 years and is on track to surpass $3 billion in 2022.Since De Meo’s appointment last month, shares of Kering have rebounded by almost a quarter on hopes he’ll succeed in turning around the luxury group as he did Renault. The stock is still down about 11 percent this year. Kering’s first-half recurring operating income fell 39 percent to €969 million. Analysts were expecting €934.9 million. To access this article on Beauty, become a BoF Professional member. Already a member?Sign InKeep reading — for only $1Experience BoF Professional with a 14-day trial, then $25 / month for your first year, billed annually. Cancel anytime. START TRIALDiscover BoF ProfessionalAgenda setting intelligence, analysis and advice for the global fashion and beauty community. Stay ahead of daily news in fashion and beautyRead expert insight & advice from our editorsUnlock member-only newsletter briefingsJoin digital live events & masterclassesExplore 50+ industry case studies for strategic insightEXPLORE MOREExplore our other memberships Post navigation The Business of Beauty Global Awards Are Back – Apply Now for 2026 Nike Stores in South Africa Reopen Following Backlash Over Racist Video