Hedi Slimane sued $ 11.5 million from the company Kering
Designer Hedi Slimane continues litigation with fashion-conglomerate Kering, for which he worked from 2012 to 2016 in the position of Creative Director of Saint Laurent. According to the working contract, Hedi Slimane was to receive a portion of the brand’s profit, which increased significantly during his work, but this, he claims, did not happen.
The last session of the court ruled in favor of Hedi Slimane. According to the decision of the French court Kering conglomerate is obliged to pay Hedi Slimane $ 11.5 million (or 9.3 million euros less taxes) for the last year of the designer’s work on the Saint Laurent brand.
According to the contract for the positions of creative director of the fashion house, Slimane was to receive a part of the profit of Saint Laurent, which, with the deduction of all taxes, is no less than 10 million euros per year. However, in 2016 (despite the fact that the brand’s sales tripled due to its participation and the company’s profit exceeded the one billion euro mark for the year), the designer received less than 667,000 euros.
Kering made its decision. The representatives of Kering do not agree with this decision of the court and plan to appeal.
Earlier, Hedi Slimane was the creative director of the men’s line Dior Homme for seven years (from 2000 to 2007), and later worked on women’s collections for Saint Laurent (2012-2016). After two years of rest, Hedi Slimane returns to the big game again. He took the place of Phoebe Faylo as the creative director of Celine and promises not to disappoint the loyal fans of this French brand. At the end of January 2018, it became known that the designer headed Céline. The departure of Phoebe Faylo became the end of an era for the Céline brand. The designer decided to take a break in the work and start a family (as she had done before in her career).
In its place, Christopher Bailey (who left Burberry) and Simon Port Jacques (because the designer works in a similar style) was expected. But the rumors were not justified.
The designer took office on February 1 and his first collection for the brand will be presented next September.
“I’m delighted, an excellent choice,” commented Karl Lagerfeld.