Kering Loses McQueen's Designer Days Before Luxury's Big Earnings Week, as US Apparel Tariffs Climb to 22.7%
Monday, October 19, 2026 · 8 min
Seán McGirr exits McQueen as Kering clears out its creative ranks ahead of Thursday's results, while BoF flags a cooling American luxury shopper going into reports from Hermès, Kering and Prada. Plus, August data shows US apparel tariffs rising again under Section 301.
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Show notes
Seán McGirr exits McQueen as Kering clears out its creative ranks ahead of Thursday's results, while BoF flags a cooling American luxury shopper going into reports from Hermès, Kering and Prada. Plus, August data shows US apparel tariffs rising again under Section 301.
In this episode
- Seán McGirr Departs McQueen | Vogue — Laure Guilbault
“Kering doesn’t break down sales of individual houses except Gucci, but according to Bernstein estimates, the house generated less than €200 million in 2025, down sharply from a peak of €850 million during the post-pandemic luxury boom in 2022/2023.”
- Luxury’s US Lifeline May Be Wearing Thin | BoF — Eric Sylvers
“Uncertainty has also crept into the US market in recent weeks. Luxury spending fell in each month of the third quarter, according to credit card data from Citi.”
- August Apparel Tariffs Climb to 22.7% as Section 301 Reshapes Sourcing — Softgoods Report — Grace Kim
“US apparel imports in August 2026 rose 0.2 percent in value year over year but fell 6.3 percent in quantity. Pricing, not unit volume, is rising. Lu said fashion firms are cutting SKU counts and adopting AI forecasting tools to target imports they expect to move through the…”