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: Business of Fashion