Kering Reshuffles Ranks With New Saint Laurent, Balenciaga CEOs

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

The French fashion group said Monday that Cedric Charbit, the CEO of Balenciaga, will lead Yves Saint Laurent from January. The move will allow Francesca Bellettini to focus entirely on brand developments in her role as Kering deputy CEO, the company said, confirming an earlier Bloomberg News report.