Hedi Slimane Damages $13 Million

Yves Saint Laurent former creative director Hedi Slimane and former owner

In the group dispute, Hedi Slimane won the lawsuit.

The Paris commercial court said publicly that Hedi Slimane should have the financial information of GG FranceHolding, one of the holding companies of Kai Yun group.

Hedi Slimane's attorney Leon del Forno said her client was quite satisfied with the court's ruling, while the spokesman for Kai Yun group has not yet commented on the court's decision.

The departure of Hedi Slimane was calculated. In June this year, the provisional court ruled that Kai Yun group was asked to pay 13 million US dollars as compensation, but Kai Yun group was not satisfied with the result of the ruling and decided to appeal.

In a statement, Kai Yun group confirmed that there was indeed a regulation on Prohibition of business strife in the contract signed by Hedi Slimane earlier with YSL.

The competition prohibition agreement is usually based on protecting the employer's trade secrets. According to the company's labor contract and confidentiality agreement, employees are prohibited from working with the original company after leaving the original company.

Competing companies include creating the same business scope as the original company.

However, according to Kai Yun group, the group lifted the prohibition clause in April, allowing Hedi Slimane to search for new positions in the competition, but at the same time, it also stopped paying the compensation for the non competition period stipulated in the contract.

Hedi Slimane asked Kai Yun group to continue to pay compensation during the period stipulated in the contract. The person familiar with the matter revealed that the time of prohibition of competition stipulated in the contract was one year.

In view of the rights of Hedi Slimane and the fact that Kai Yun group concealed the facts, the Paris Commercial Court finally ruled that the group's appeal failed, and Hedi Slimane won the lawsuit and received a compensation of $13 million.

Hedi Slimane has been in a dispute with Kai Yun group since he left in April.

Hedi Slimane's design talent has been sought after by the fashion industry. He has designed the costume for the famous rock star David Bowie and the famous actress Brad Pitt.

As for the whereabouts of Hedi Slimane, there have been rumors that Hedi Slimane will succeed Karl Lagerfeld as Chanel creative director, but later Chanel denied the news.

In May of this year, Hedi Slimane's legal consultancy company issued a statement denying that he plans to launch individual.

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