Yves Saint Laurent SAS[3], also known as Saint Laurent and YSL, is a French luxury fashion house founded in 1961 by Yves Saint Laurent and his partner, Pierre Bergé. The company specializes in couture, ready-to-wear, leather accessories, and footwear.[4] Its cosmetics line, YSL Beauty, is owned by L'Oréal.[5][6] Cédric Charbit has been CEO of Yves Saint Laurent since 2024,[7] and Anthony Vaccarello creative director since 2016. In 2024, Yves Saint Laurent reported 2.9 billion euros in sales.[8]
History
The eponymous brand was established in 1962 by designer Yves Saint Laurent and his partner, Pierre Bergé. The brand's logos were designed in 1963 by A. M. Cassandre.[9] During the 1960s and 1970s, YSL popularized the beatnik look, safari jackets, tight pants, and thigh-high boots. In 1966, YSL debuted Le Smoking, a tuxedo suit for women. In an attempt to democratize fashion, YSL began producing ready-to-wear in 1966 with the launch of Rive Gauche and is considered the first to popularize the concept.[10] YSL's designs often featured designs influenced from traditional Chinese clothing, as well as themes from Pop Art, Ballets Russes, and Picasso. Saint Laurent is credited with initiating the broad, shoulder-padded style in 1978, which would go on to characterize 1980s fashion.[11] Saint Laurent's muses included Loulou de La Falaise, Betty Catroux, Talitha Pol-Getty, Catherine Deneuve and Laetitia Casta.[12]
Governance
Financial results
Advertising and criticism
In June 2015, the company was criticized for an advertisement published in the Elle UK magazine that was banned by the UK advertising regulator, which ruled that the model featured in it was "unhealthily thin".[43][44][45][46] On March 8, 2017, a new advertisement for the Fall 2017 collection offended internet users who saw it as a "degrading vision of women" and again the use of anorexic models.[47] The company was ordered to remove two posters from this campaign by the French Advertising Standards Authority (ARPP),[48][49]
Tax evasion
According to an investigation by Mediapart and the European Investigative Collaborations (EIC) network, the company Yves Saint Laurent evaded approximately €180 million in taxes in France between 2009 and 2017, through an offshore scheme organized by its parent company Kering.[53] Between 2009 and 2017, the journalists detail, €550 million in profits were thus returned to a Swiss subsidiary of Kering, called Luxury Goods International (LGI), whose profits were taxed at around 8% by the canton of Ticino with the help of a tax agreement (while the corporate tax rate is 33% in France), while the company officially only realized €7 million in cumulative profits in France between 2009 and 2016 (resulting in an imposition of €430,000).[54][55]
External links
References
- Saint Laurent store directory.^
- Kering: 2024 Annual Results 11 February 2025^
- Yves Saint Laurent SAS: Private Company Information www.bloomberg.com, retrieved 2018-01-01^