Slimane Sues Kering Again, Claims Ownership Stake in YSL & Sets the Record Straight

Despite a $13 million payout from Yves Saint Laurent earlier this year, Hedi Slimane, the former artistic director of YSL, has launched a new legal attack on the famous Paris-based brand's owner, French conglomerate, Kering. Slimane, who was previously embroiled in a dispute with Kering in connection with the non-compete element of his contract with YSL, now claims the group, which also serves as parent to Gucci, Balenciaga, and Bottega Veneta, among other brands, owes him an additional sum to the tune of roughly ten million euros.

According to Agence France-Presse ("AFP"), the lawsuit that Slimane filed on Wednesday stems from a ten million euro ($11.1 million) sum that his legal team believes he is owned in connection with the final leg of his contract with the brand, which expired earlier this year. Moreover, the complaint asserts that the $13 million sum that the French Labor Court ordered Kering to pay Slimane in July did not take into account Slimane's ownership stake in YSL as set forth in his contract. The suit demands that Kering honor the terms of his original contract, which allegedly gave him a minority ownership stake in the Saint Laurent brand. "The talented designer is demanding that Kering abide by a partnership agreement giving Slimane certain rights, notably the right of access to information, as a minority shareholder in Saint Laurent," reports AFP.

This dispute around of the partnership agreement is slated to go before the Commercial Court in Paris on October 19th.

In the meantime, Slimane took to Twitter account on Thursday evening to set the record straight regarding his usage of the iconic "YSL" logo following what he claims were "inaccurate statements in recent articles regarding Hedi and the usage of the YSL historical logo." He dedicated 22 tweets to showing that he did, in fact, use the famed logo, despite reports otherwise. 

Per British Vogue, "One such review was written by Cathy Horyn, for The Cut, who said: 'Apparently, Vaccarello has restored the Y, which had been excised by his predecessor, Hedi Slimane, as both a throwback to the brand’s original name and an attempt to modernise it. The truth is, despite Slimane’s efforts, most people still say YSL.'"

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