PARIS (Reuters) -French luxury group Kering said on Monday it had named Cedric Charbit as CEO of fashion house Saint Laurent, choosing a leader for its second largest fashion label from within its ranks.

Gianfranco Gianangeli, previously CEO at Maison Margiela and currently chief commercial officer at YSL, is to succeed Charbit at Balenciaga.

The latest appointments at the Gucci owner come as the luxury-goods industry navigates a turbulent time.

Kering has named Cedric Charbit as CEO of Saint Laurent and Gianfranco Gianangeli as CEO of Balenciaga, effective January 2.

Cédric Charbit will return to Saint Laurent as CEO after eight years leading fellow Kering luxury label Balenciaga.

From January 2, 2025, Cédric Charbit will take over as CEO of Yves Saint Laurent and Gianfranco Gianangeli will become CEO of Balenciaga. Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Kering has made significant changes to its leadership with a reshuffle involving Saint Laurent and Balenciaga, impacting future direction. Cédric Charbit returns to Saint Laurent as CEO, after eight years leading Balenciaga within the Kering group.

The changes come amid plummeting revenue at the conglomerate and luxury sector challenges across the industry.

The company named Cedric Charbit as CEO of Yves Saint Laurent, with Gianfranco Gianangeli taking his place at the helm of Balenciaga.

Kering SA is shaking up its top ranks, appointing new chief executive officers for two of its luxury brands, Yves Saint Laurent and Balenciaga.