Kering Condemned to Compensate with 13 Million of Dollars to Hedi Slimane

The Paris commercial court sentenced yesterday, Wednesday, June 29, the Group Kering to compensate with $ 13 million to Hedi Slimane, former artistic director of Saint Laurent Paris, by not having respected a clause of the contract they had signed.

The Slimane exit was announced in April after four years of collaboration in a statement in which Kering Group appreciated the work of Hedi Slimane, who along with YSL teams had been able to carry out a holistic reform during the 4 years firm that was managing the creation and the image of the brand. However, it didn’t take long time when Kering policymakers announced that Hedi would be replaced by the Belgian Anthony Vaccarello.

The clause of non competition referred to in Slimane aims to avoid that an employee may make the competition to his former boss When his contract ends. So the person in question can be hired by a company that is the first direct competition or create even an own company is clause must be lifted.

Hedi Slimane was dismissed, but It was not released from this clause, so he decided to claim the compensation linked to it. In addition to the $ 13 million, Kering will also pay the coasts of the trial. Kering announced that he thinks resort.

Hedi Slimane is a gifted fashion that 47-year-old was able to provide a new look for signature Yves Saint Laurent attracts a much younger customer with androgynous looks, cuts slim fit and skinny jeans achieving the turnover of the firm to pass 353 million euros in 2011 974 million in 2015.

Slimane made his first first steps in Saint Laurent between 1996 and 2000, then going on to work for Louis Vuitton y Dior Homme. In 2002 he won the prize of the Council of creators of American fashion, one of the most prestigious.