Kering Launches Strategic Review of Alexander McQueen amid Profit Decline

Luxury group Kering has initiated a strategic review of its British house Alexander McQueen, following a reported 10 % drop in Q3 2025 revenue and a modest +1 % growth in the “Other Houses” segment.

The review includes a 20 % reduction in McQueen’s London-based staff and has fueled speculation of a potential creative restructuring or partial divestment, according to industry sources close to the matter.

Analysts note that Kering appears to be “re-architecting its brand portfolio,” reallocating resources toward core growth engines such as Gucci, Saint Laurent, and Bottega Veneta, while assessing the future of its smaller houses.

Founded in 1992 by visionary designer Alexander McQueen, the label has long balanced theatrical artistry with technical mastery. Yet, in today’s hyper-competitive luxury landscape, it faces the challenge of scaling commercially without compromising its creative DNA.

The move underscores the structural transformation of European luxury: consolidation, operational efficiency, and a renewed quest to sustain both desirability and profitability.