Itâs official: Hedi Slimane is exiting Celine after seven years, owner LVMH confirmed in a statement.
During his tenure, the star designer known for his trademark skinny silhouette has transformed Celine, adding menswear for the first time in the brandâs 79-year history, as well as expanding into high perfume and beauty. In womenswear, Slimane reconnected Celine to its historic identity as a purveyor of leather goods that incarnate Parisian bourgeois style, helping to more than double annual revenues to â¬2.5 billion, according to analyst estimates. (LVMH does not break out figures by brand).
Despite Celineâs success, sources say Slimane had been locked in a thorny contract negotiations with LVMH chairman Bernard Arnault for months before ultimately exiting the label.
Stay tuned to BoF for updates on this developing story.
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