Kering will have to pay 13 million dollars to Hedi Slimane for non-competition clause – FashionMag.com

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News & gt; Luxury

30 June 2016

The commercial court in Paris convicted Kering group to pay 13 million dollars to Hedi Slimane, former artistic director of the brand Saint Laurent, who called for the application of a non-competition clause, according to Hervé told AFP Témime, lawyer designer.

Hedi Slimane, Los Angeles, April 2016 – Hedi Slimane Twitter @hedislimanetwit

brand of ready-to-wear luxury Yves Saint Laurent had announced last April 1 output Hedi Slimane who retired from the position of creative director and image were provided without further details. The appointment of Belgian designer Anthony Vaccarello as his replacement was announced a few days later.
In May, the designer launched an appeal against Kering. The group said that “the procedure was associated with normal non-compete obligations linked to Hedi Slimane collaboration with Yves Saint Laurent brand”.
The luxury group said it had “raised this clause to terminate the contract, thereby releasing to Hedi Slimane of any possible obligation “, stating that the designer requested that the clause was applied and, therefore, payment by Kering of the compensation.

on Wednesday, the commercial court ordered Kering pay 13 million dollars to Slimane, said Hervé Témime, who said he was very “happy with this decision, which is perfectly natural and that contractual obligations were not necessarily respected “.
the Kering group, however, he appealed the decision.

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