Kering to Pay $13 Million to Hedi Slimane

Last week, Hedi Slimane was reported to be suing Kering over a non-compete agreement he had with the company during his employment at Yves Saint Laurent. Now, Slimane has reportedly won the lawsuit and Kering has been order to pay Slimane $13 million.

According to an article on The Fashion Law, Kering, Yves Saint Laurent’s parent company, has been order to pay Hedi Slimane $13 million in a provisional court ruling on Wednesday.

Slimane filed a lawsuit against Kering last week over a non-compete agreement he had with the company during his employment at Yves Saint Laurent. Slimane alleged that Kering did not apply a non-compete clause that was in a contract he had with the company when he resigned as creative director of Saint Laurent in April.

Kering confirmed the lawsuit last week in a statement in which the company said it did not apply the non-compete clause when Slimane resigned.

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Slimane requested that the clause still be applied as well as the payment that goes with it.

A non-compete agreement would keep an employee from getting a job that is in competition with the company with whom the agreement was made until the contract was up.

Now that Slimane has won the lawsuit, he will not be able to become the creative director of any luxury brand until his contract with Kering is up.

It was previously rumored that Slimane may be replacing Karl Lagerfeld at Chanel but now it seems he won’t.

Slimane resigned as creative director of Saint Laurent a couple of months ago and was quickly replaced by Anthony Vaccarello the next week.

So, what do you think? Should Hedi Slimane still have a non-compete agreement with Kering? Let me know in the comments below. Also, don’t forget to subscribe to get new posts sent directly to your inbox and follow me on Facebook, Instagram, and Snapchat.


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