After months of speculation, Kering Group has confirmed that Hedi Slimane will be leaving his post at Saint Laurent.
“What Yves Saint Laurent has achieved over the past four years represents a unique chapter in the history of the house,” said François-Henri Pinault, chairman and CEO of Kering, Saint Laurent’s owners. “I am very grateful to Hedi Slimane, and the whole Yves Saint Laurent team, for having set the path that the house has successfully embraced, and which will grant longevity to this legendary brand.”
To say Slimane was a success at the Parisian house would be an understatement. Despite the designer’s controversial renaming of the brand formerly known as Yves Saint Laurent, sales rocketed upward of 200% (reaching $1bn last year), while the house became the go-to brand for celebrities, musicians and tastemakers of all stripes, largely thanks to Slimane’s highly accessible, rock ‘n’ roll-tinged aesthetic.
Word on the street is that Antony Vaccarello is set replace Slimane. Stay tuned for further news as it comes to light.
For more high fashion news, take a look at Givenchy’s latest line of footwear.
- Source: Business of Fashion