Wednesday 22 June 2016

Hedi Slimane takes Kering to court over non-compete agreement

Cara Delevingne for Saint Laurent Paris' Le Collection de Paris

Cara Delevingne for Saint Laurent Paris’ Le Collection de Paris

Hedi Slimane, the former creative and image director of Yves Saint Laurent, is attempting to extend the non-compete agreement he signed with the label’s parent company Kering four years ago.

According to a statement from Kering given to WWD, the non-compete clause in Mr. Slimane’s contract, which would have prevented the designer from working for a competitor for a year, was lifted when he exited the company. Now, he is asking that this agreement be renewed with legal action in Paris’ commercial court.

Contract competition
Mr. Slimane ended his nearly four-year tenure as creative and image director of Saint Laurent Paris in April. At the start of the year, rumors regarding a contractual disagreement between brand and designer suggested his exit (see story).

Kering chose Anthony Vaccarello, then the creative director at Versus Versace, to be Mr. Slimane’s successor (see story).

Non-compete clauses are customary in the fashion industry for the top executives and creative directors, preventing talent from working for a business rival.

YSL couture ad 2

Saint Laurent ad campaign

For instance, rumors have suggested that Raf Simons will eventually land at Calvin Klein when his non-compete clause with Dior ends in July. The rumor was furthered by the departure of the brand’s menswear and women’s wear directors Francisco Costa and Italo Zucchelli in April (see story).

According to Kering, Mr. Slimane’s legal action is fueled by a desire to receive the financial support he would be given if still under contract. The group opened the door for Mr. Slimane to take on a new role, so this desire to extend the non-compete clause may mean that the designer does not intend to seek another fashion job at the moment.



from Apparel and accessories – Luxury Daily https://www.luxurydaily.com/hedi-slimane-takes-kering-to-court-over-non-compete-agreement/
via Your #1 Source to Finding Luxury & Designer Goods, Handbags & Clothes at or Below Wholesale: Click Here.

No comments:

Post a Comment