Yves Saint Laurent: head designer leaves
27/02/2012
Mr Pilati, who had been the creative head of the fashion house for the past seven years, is expected to be replaced by Hedi Slimane, ex-head of design at Dior menswear, according to French news agency Agence France Presse. Mr Pilati was already rumoured to be on his way out last autumn and replaced by Raf Simons, Jil Sander’s designer, prompting YSL to issue a statement in September 2011, denying Mr Pilati was leaving.
Under Mr Pilati’s leadership, particularly in leathergoods, YSL returned to profitability in 2008 but was hit hard by the downturn of 2009. Mr Pilati was “instrumental in the rebuilding and repositioning of an iconic French luxury brand,” YSL said in a statement.
The brand’s sales rose more than 31% in 2011 to EUR353.7 million, helping operating profit increase more than fourfold to EUR41 million.