Briefing
The latest from across luxury business: the moves, deals and numbers that matter, gathered as they break.
This briefing is published daily using an AI-powered system crafted by Worthbury's team and finely tuned to meet our editorial standards. While we continuously test and review the output, mistakes can sometimes happen. Tell us if you spot one.
-
Bal Harbour Shops completes its 200,000-square-foot luxury expansion
A $740 million loan paid for the work, which had to move a church after what the chief executive called a 40-year negotiation.
-
Marriott cuts corporate jobs worldwide as third-quarter fees jump 14%
Roles in HR, IT and quality assurance are going while new positions are posted, and net income rose 17% to $790 million.
-
Style Capital takes control of Alessandro Dell'Acqua's No.21
Dell'Acqua keeps his creative director role, while his long-standing industrial partner Gilmar leaves the business.
-
Czech billionaire offers €30bn for the holding behind EssilorLuxottica
The proposal values Delfin at a 30% discount to its net asset value and would need all eight shareholders to agree.
-
MadaLuxe takes North American rights to Sweden's Dux bed brand
Dux once ran 40 US stores and now has 15, with Canada and Mexico named as the next markets.
-
Jimmy Choo revenue rises 11.5% to $146 million as Capri holds to $800 million goal
The brand swung to a $2 million operating profit from a $9 million loss, though Capri's fiscal 2027 revenue guide for it is $650 million.
-
Dries Van Noten names Moncler executive Adrian Ward-Rees president
Axel Keller stays until the end of the year to support the handover, and his tenure included flagships in New York and London.
-
Hermès overtakes Louis Vuitton as luxury's most valuable brand, by $100 million
Interbrand's report ranks Hermès No. 15 and Louis Vuitton No. 16, while Dior and Prada also lost value and Gucci fell 24 places.
-
Puma sales fall 5% in Q3 and the sportswear brand cuts its profit outlook
Quarterly EBIT came in at €11.4 million in the red, after a €16.2 million profit a year earlier.
-
Capri beats profit forecasts despite revenue falling 5.5%
Jimmy Choo revenue rose 12.2% while Michael Kors fell 8% at constant currencies.
-
Gucci opens first Demna-era store concept on Avenue Montaigne
Redesigned London, Shanghai and Chengdu locations are set to follow by yearend as part of a 30 percent network trim by 2030.
-
Ykone takes Tokyo and Milan through Lateam and Digital Dust deals
Lateam becomes Ykone Tokyo, and Digital Dust's founders and full team stay on board.
-
The RealReal Q3 revenue rises 19% to $206 million and guidance goes up
The resale marketplace also hired an eBay fashion executive as chief merchandising officer, and its shares are still down 28% for the year.
-
Hugo Boss rejoins Pakistan Accord, reversing its decision
The return follows scrutiny over a factory worker who lost an arm and slow remediation at eight suppliers.
-
Hyatt raises 2026 outlook as luxury drives Q3 U.S. RevPAR up 8.2%
Adjusted EBITDA rose 19% to $295 million, but the all-inclusive portfolio shrank on weaker Cancún demand and seaweed on the Riviera Maya.
-
Bergdorf Goodman names Lanessa Elrod president as Tracy Margolies steps aside
Margolies moves to executive adviser at parent Exemplar Luxury Group, which also runs Neiman Marcus and Saks.
-
Montana buys fellow Danish furniture maker Takt
The physicist founder of Takt, Henrik Taudorf Lorensen, takes a board seat as the brand folds its catalogue into the collection name Takt by Montana.
-
Puig sets Vision 2032 plan to pass €8 billion in revenue
Puig has also agreed to take full ownership of Isdin, a skin care brand with about €650 million in 2025 revenue.
-
US court bars Aerie from selling Overslept sleepwear in trademark ruling
The order lands weeks before the holiday season, and the judge has told both sides to work together on next steps.
-
Watches of Switzerland reopens Rolex store in Glasgow at twice the size
First opened in July 2020, the Buchanan Street boutique now spans two floors with a Certified Pre-Owned area.