Hedi Slimane has won $13 million in legal compensation from his former company, Kering.
Kering, which owns the Yves Saint Laurent brand, and Slimane were involved in a lawsuit that ended on Wednesday, Reuters reports.
The dispute was regarding Slimane's contract with Kering, which contained a standard non-compete clause. In the event that the designer left YSL before his contract ended, Slimane wasn't supposed to be able to work with any other designers for a set amount of time. But when the designer did move on from the company in April, Kering says it lifted the clause.
Things got ugly on Instagram, and eventually Slimane went back and sued.
“We won,” said Hervé Temime, Slimane's lawyer, in a statement. “I’m happy because this is a natural outcome. The contract terms were absolutely clear.”
Kering says it plans to appeal, and rumor has it that Slimane will be taking a break from fashion again, as he did when he left Dior Homme in 2007.
But other sources are speculating that Slimane's next in line to succeed to Karl Lagerfeld at Chanel when the latter decides to retire. -