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.
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J.C. Penney sales fall 8% in Q2, losing share despite marketplace launch
Furniture sales jumped 41% and beauty rebounded from the Sephora split, but the department store still lost ground to Macy's, Dillard's and Kohl's.
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Ethan Allen launches CEO search after activist Doug Bergeron pressure
David Sable says the incoming chief must fix digital transformation and supply chain efficiency, the same gaps Bergeron cited in August.
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Luxury hotels led RevPAR growth in H1 2026 as budget brands stalled
IHG's Atwell Suites posted the steepest RevPAR gain of any brand, up 22.7% year over year in the first half.
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Donatella Versace to launch a new fashion and beauty label with Revolve Group
The still-unnamed label starts in beauty and rolls out first across the United States, Latin America, Asia-Pacific and the Middle East.
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Loro Piana opens a fossil fuel free knitwear hub in Ghemme, Italy
The Piedmont site took three years to build and includes a museum, an artisan academy and a design award installation.
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Aldar opens Saadiyat Grove with three museums as anchor, not a mall
Chief retail officer Saoud Khoory says the sightline to three museums, not a department store, is what sold more than 100 brands on the site.
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Études Studio enters judicial restructuring and hunts for a new investor
The Paris menswear label's shareholders' equity has turned negative as it works towards a deal by the end of 2026.
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On signs Kylian Mbappé to lead its first push into soccer footwear
Analysts are split on whether a marquee signing is enough to break a category Nike, Adidas and Puma have controlled for decades.
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Glenn Martens to exit Diesel after spring 2027 show, stays at Margiela
Renzo Rosso says the Belgian designer, who joined Diesel in 2020, will be replaced by a successor still to be named, while Martens keeps the Maison Margiela role he has held alongside it.
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Extravaganza Beauty buys Roja London, keeping founder Roja Dove on as consultant
Chief executive Audrey Minard stays on to run the house as it targets deeper growth across the Middle East.
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Accor closes in on hotel deal at Dubai Pearl, dormant for two decades
The revived masterplan is now double the size of the original, and Accor's own luxury brands are not expected to anchor it.
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Nike names LVMH's Alexandre Arnault to its board as its turnaround drags on
The appointment lands about a week after Nike was dropped from the S&P 100 Index and comes as analysts warn its top line is still worsening.
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Banyan Group buys 70% of Newmark to add 26 African safari lodges
The deal values the Cape Town operator at roughly 756 million South African rand, and Banyan is paying about $33 million in cash for its initial holding.
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Marc Metrick, former Saks Global CEO, joins BRG as a managing director
Metrick departed Saks in January amid the retailer's cash crunch and now advises turnarounds and restructurings for BRG's retail clients.
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WSG Brands, Allbirds' owner, buys Nasty Gal from Debenhams Group for $16 million
The brand generated £12 million in gross merchandise value and just £400,000 in adjusted EBITDA last year, a fraction of the price WSG Brands is paying.
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Trip.com Group rewrites hotel ranking rules after $770 million China antitrust fine
The penalty pushed the travel platform to a quarterly loss, and it is now betting on inbound international travellers to offset the domestic disruption.
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Michael Murray named Hugo Boss supervisory board chairman, replacing Sturm
The Frasers Group chief executive was already a supervisory board member, elected in May 2025, before taking the top seat.
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LuxExperience swings to profit for its fourth quarter and full fiscal year
Chief executive Michael Kliger says the group already expects a further margin jump this year, with adjusted EBITDA rising to 2% to 3%.
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Accor turns to acquisitions in India after its Treebo partnership collapses
The group still wants 300 Indian hotels by 2030, and an acquisition is now its fastest route to the small-city scale Treebo was meant to deliver.
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Macy's and Capri Holdings CEOs update investors on turnaround progress at Goldman conference
Capri's John Idol warned the coming quarter will be the most painful yet for full-price sales at Michael Kors as clearance inventory is cut in half.