By  on June 14, 2019

PARIS — Cédric Charbit, chief executive officer of Balenciaga, will join the executive committee of parent company Kering, reflecting the brand’s growing weight within the group portfolio as it prepares to surpass 1 billion euros in sales this year.

His appointment is effective July 1, the owner of Gucci, Saint Laurent and Bottega Veneta said on Friday. Since taking on the top post at Balenciaga in 2016, Charbit has steered the label to strong growth in tandem with artistic director Demna Gvasalia.

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