Briefing
The latest from across luxury business: the moves, deals and numbers that matter, gathered as they break.
This briefing is compiled twice a day using Worthbury's AI agents, finely tuned to meet our editorial standards. While we test and review their work, mistakes can sometimes happen. See exactly how it works.
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The US has returned Scotch whisky to tariff-free trading, a move hailed by Scotland's first minister and the wider spirits industry as a significant relief.
Scotch whisky returns to tariff-free trading with the United States, a reprieve welcomed across the drinks industry after a prolonged period of duties.
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Zegna's first-half revenue rose 9.3% organically, to €987.3 million, as the menswear group continues to outperform a soft luxury market.
The Milan-listed group's first-half revenue climbed to €987.3 million, bucking the wider slowdown in luxury spending.
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Interparfums grew despite a European sales dip, as strong US demand for its fragrance portfolio offset the regional weakness.
The fragrance licensing group's second-quarter results showed robust American demand papering over softness in Europe.
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Merit has taken a minority investment from Semcap Beauty & Wellness, with Vasiliki Petrou joining the brand's board to support its global growth ambitions.
The minimalist beauty brand has taken a minority investment from Semcap's new Beauty & Wellness vertical, with former Unilever Prestige chief Vasiliki Petrou joining its board.
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Washington hits 60 countries with new duties, using forced labour enforcement rather than the reciprocal tariffs a court had struck down, adding fresh risk to global sourcing.
The Trump administration's latest tariff action, tied to a forced labour probe rather than the reciprocal levies struck down by the Supreme Court, adds fresh sourcing risk for fashion and luxury supply chains.
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Zegna and Moncler diverge, with second-quarter results exposing how tourism exposure and DTC strength now separate luxury's winners from its laggards.
Second-quarter results from the two groups show how exposure to tourism spend, winter categories and direct-to-consumer momentum is now separating winners from laggards in luxury.
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Deckers clears $1 billion in the quarter, with Hoka driving a 5.7% sales increase that beat expectations in the group's first fiscal quarter.
Deckers Brands posted a first-quarter earnings beat with net sales up 5.7% to $1.02 billion, led by continued strength at Hoka.
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H&M is laying off 76 corporate employees in New York, framing the cuts as routine efficiency reviews rather than a wider retrenchment.
H&M is laying off dozens of corporate staff in New York, part of a broader push to keep its cost base lean.
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Ermenegildo Zegna Group beat expectations in Q2, with executive chairman Gildo Zegna pointing to further headroom for its brands in Asia-Pacific.
Gildo Zegna says the group's brands still have untapped growth potential across Asia-Pacific after a solid second quarter.
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Jean-Georges Vongerichten bought a $3.5 million condo in the Miami tower that carries his name, his first foray into branded residential development.
The Michelin-starred chef has purchased a condo in the Jean-Georges Miami Tropic Residences, his first branded residential project.
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Alexandre Choueiri leaves Kering Beauté to become Bluemercury's chief executive, effective August 3, reporting into the Macy's, Inc. structure.
The move pulls a senior luxury beauty operator into Macy's specialty retail arm, signalling how prestige beauty talent is being drawn into mainstream retail leadership.
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Skims is expanding into new stores in London, Dubai and other markets, with CEO Jens Grede arguing the brand's retail and product fundamentals are widely misunderstood.
The Kim Kardashian-founded shapewear brand is opening stores in London, Dubai and beyond as its chief executive argues the business is more substantial than its social media image suggests.
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Zegna's Q2 sales rose 10.3% to €517.1 million, while Moncler grew a slower 5% as European tourist spending cooled.
Ermenegildo Zegna Group posted double-digit growth while Moncler's gains were softer, underlining how uneven the sector's rebound has become.
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Hélène de Tissot leaves as Pernod Ricard's finance chief for Chanel in October, with Mauve Croizat promoted to succeed her, as the group also settles a large Indian tax dispute.
The finance chief's move to Chanel, alongside Pernod Ricard's decision to drop its challenge to a $314 million Indian tax bill, points to a period of change and cost pressure at the drinks group.
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London's ultra-prime housing market has rebounded, with 34 sales worth a combined $1.6 billion in the first half of the year, led by American buyers.
Thirty-four ultra-prime home sales worth a combined $1.6 billion closed in the British capital in the first half of the year, with US buyers behind much of the renewed demand.
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Moncler posted first-half revenue and profitability growth, as new chief executive Leo Rongone spoke to analysts for the first time and Sidney Toledano joined the board after Alexandre Arnault and Geoffroy van Raemdonck departed.
The outerwear group posted revenue and profitability gains as Leo Rongone addressed analysts for the first time and Sidney Toledano joined the board following a reshuffle at the top.
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Macquarie has named Greg Ward as chief executive, succeeding Shemara Wikramanayake atop the Australian investment and asset management group.
The Australian financial giant has promoted its banking head to lead the group, marking the end of one of the longer tenures among global investment bank chiefs.
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Chanel names a spirits industry veteran as CFO, tapping Hélène de Tissot to succeed Philippe Blondiaux.
Chanel has named Hélène de Tissot as its next chief financial officer, drawing an executive from outside fashion and luxury's usual talent pool to succeed Philippe Blondiaux.
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Nike is resetting its online distribution strategy in China, after regional revenue fell 12% in its latest quarter.
Nike is resetting how it sells online in China after regional revenue fell sharply in its most recent quarter, deepening pressure on the group's broader turnaround plan.
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Swatch Group's sales rose 8.5% in the first half, but missed profit forecasts, while Giorgio Armani Group's profit more than doubled in 2025.
Swatch Group posted first-half sales growth held back by currency effects, while Giorgio Armani's holding company more than doubled annual profit in its first results since founder Giorgio Armani's death.