Alexander McQueen announces director departure: Kering stock sits below EUR 270 target

Published on 10/16/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kering announced a creative leadership change on October 15, 2026. Kering stock costs EUR 214.53 on October 16, 2026 below EUR 270.00.

Leadership and valuation

Alexander McQueen announced its creative director departure on October 15, 2026.
First-half 2026 revenue reached EUR 7.22 billion, up 1.00 percent on a comparable basis.
Kering stock was trading at EUR 214.53 at 9:12 a.m. CEST at Lang & Schwarz on October 16, 2026.

Makroaufnahme von braunem Leder mit sichtbarer Naht und Textur im Studiolicht — Makroaufnahme feiner Ledertextur zeigt Materialqualität typisch für Kering S.A. mit ISIN FR0000121485 Produkte, Illustration mit AI erstellt.

Kering stock (ISIN FR0000121485) was trading at EUR 214.53 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST. Alexander McQueen announced the departure of creative director Sean McGirr on October 15, 2026, according to Kering.

Creative leadership shifts

The Alexander McQueen change follows Saint Laurent's announcement on October 9, 2026 that creative director Anthony Vaccarello would leave the brand. Kering also lists its first-half 2026 results from July 28, 2026, giving investors a recent operating reference before the next sales update.

First-half revenue reached EUR 7.22 billion, up 1.00 percent on a comparable basis, while net income fell 60.00 percent to EUR 189.00 million, according to Ideal Investisseur. The contrast matters because revenue stabilization has not yet translated into comparable earnings strength.

What do the targets imply?

Bernstein kept a Hold rating and a EUR 270.00 target on October 15, 2026, according to Markets Insider. That target is 25.85 percent above the Lang & Schwarz price. TD Cowen had cut its target from EUR 280.00 to EUR 235.00 on October 13, 2026, while keeping a Hold rating, according to Markets Insider.

Next reporting date

Kering is scheduled to publish third-quarter 2026 results on October 22, 2026, according to ABC Bourse. The release will test whether the first-half revenue improvement continued through the late-summer period and whether brand leadership changes alter the market narrative.

Stock price and valuation

Kering's latest euro indication is EUR 214.53 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST. The valuation debate is therefore centered on the gap between the live price and analyst targets, while the October 22 results date provides the next concrete company catalyst.

The further course of trading is shown by the continuously updated real-time quote of Kering stock.