in

Hedi Slimane Wins $11.5 Million Lawsuit Against Saint Laurent


Hedi Slimane was woefully underpaid his last year at Saint Laurent, so much so that the designer was recently awarded $11.5 million USD following a lawsuit against parent company, Kering.

According to Business of Fashion, Slimane received a (roughly) $816,300 USD salary from Saint Laurent in 2016, after sales at the Yves Saint Laurent SAS division virtually tripled during his four-year tenure as creative director. This in turn prompted the court to award Slimane the aforementioned $11.5 million USD after taxes.

BoF also points out that the fashion stalwart was contracted by Saint Laurent to receive at least €10 million a year (after taxes), in large part due to buying shares in the company and then selling them back at a higher price. In addition to the unpaid dues, Slimane and SL have also had disputes over his photographs in the fashion house’s online archive.

Kering has said that the company plans to appeal the court’s recent decision.

For more on Hedi Slimane’s lawsuit victory, visit Business of Fashion.

In related news, Kylie and Kendall Jenner’s Tupac T-shirt lawsuit has been dropped.



Source link

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Leave a Reply

Your email address will not be published. Required fields are marked *

A Bearded Jim Carrey Dons 'Spank You' Shirt For Last 'Letterman' Show – Part 1

Jim Carrey Spotted With Young New Girlfriend Outside 'Letterman' – Part 3