Slimane Awarded €13 Million

Saint Laurent owner Kering has been ordered to pay former creative director Hedi Slimane €13 million following Slimane's legal application to have the non-compete clause in his former contract with the fashion house honoured.

When Slimane departed Saint Laurent after four years at the helm in April, Kering decided to lift the clause, meaning that while Slimane would be free to work for a competing label, he would not receieve the financial lump sum that usually comes as standard with such contracts.

Last month, Kering issued a statement clarifying its position, saying: "Kering lifted this clause at the end of Hedi Slimane's contract, thus freeing Hedi Slimane from this potential constraint. Hedi Slimane is requesting that this clause be applied still, along with the effective payment of the financial compensation that goes with it."

This morning it announced that it would be appealing the latest ruling: "The decision that was just made public is an interim decision. Kering intends to appeal the decision. The procedure is still going on."

Slimane was replaced at the fashion house by Anthony Vaccarrello, who previously worked under Donatella Versace at Versus.