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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Liberty opens a second jewellery hall as fashion jewellery sales climb 20%
The new Fashion Jewellery Gallery houses 37 brands, 11 of them exclusive to Liberty, on the first floor beside designer womenswear.
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Debenhams Group sells Nasty Gal to White Space Group for $16 million
The New York brand management firm also co-owns Von Dutch and Allbirds, and its founder says another acquisition could follow within weeks.
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DSW to pilot The Edit, an affordable-luxury shop-in-shop, at four stores this fall
The pilot follows a quarter in which Designer Brands' owned brand portfolio grew nearly 18% while retail traffic softened.
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JD Sports names John Mersho CEO of JD North America as sales decline
The move follows John Hall's retirement after four decades in retail and a 4.5% sales decline in JD's largest region.
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Autry names Golden Goose veteran Danilo Piarulli as CEO to drive international push
The Italian footwear brand posted 150 million euros in sales last year and wants direct-to-consumer sales, currently 34%, level with wholesale within three years.
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Prada opens eight-floor Galleria flagship fusing retail, hotel-style hospitality and art in Milan
The project links the brand's men's and women's stores through a new underground passage and puts a permanent Prada museum above a 1824 pastry shop.
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Louis Vuitton's China sales slide after Molly Tea trademark backlash
The trip by chief executive Pietro Beccari to assess the fallout is now expected to delay his planned handover to deputy Damien Bertrand.
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China's listed apparel makers split into winners and laggards in H1 2026
Four premium brands posted gross margins above 65% while legacy casualwear names saw profits fall even as revenue grew.
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Stephan Sturm steps down as Hugo Boss chairman as Frasers Group tightens its grip
Frasers has won a second seat on the supervisory board as part of the departure terms, with Michael Murray joined by company secretary Robert Palmer.
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L.L. Bean reopens its Freeport flagship after a seven-year, $50 million renovation
Chief executive Greg Elder says the store, open around the clock every day of the year, still draws more than 3 million visitors annually.
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Rent the Runway names Nordstrom veteran Paige Thomas as chief executive
The move comes as the rental company reports revenue up nearly 21% and a net loss cut by more than half.
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RH opens its first freestanding RH Estates Gallery in Greenwich, betting on classic design over modern
Chairman and chief executive Gary Friedman says the classic design concept will grow to half of RH's assortment within five years.
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McLaren tells retailers it is pivoting from performance maker to luxury lifestyle brand
The redesign follows McLaren's decision last year to create a chief creative officer role under David Woodhouse.
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Space NK names Emma Simpson-Scott CEO as Andy Lightfoot steps down after ten years
Two more senior hires, in finance and ecommerce, land alongside the top change at the Ulta Beauty owned chain.
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Caudalie Group buys skincare brand Talm in its first-ever acquisition
Talm founder Marion Keller stays on as chief executive as the brand moves into Caudalie's Paris headquarters.
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Bloomingdale's posts record Q2 sales volume as Macy's Inc. takes share from Saks
Macy's Inc. as a whole posted net income of $169 million and six straight quarters of results ahead of expectations, even before Bloomingdale's outperformance is counted.
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Reformation's revenue jumps 24.1% for a 21st straight quarter of double-digit growth
Net income jumped 79.4% to $12.4 million even as the stock still trades below its July IPO price of $15.
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Porsche completes sale of remaining Bugatti Rimac stake, ending Volkswagen Group ties
The German carmaker booked one billion euro from the sale and will use a quarter of it to fund pension obligations.
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Adanola passes £100 million in revenue and bets on North America expansion
Chief executive Niran Chana says the brand's cash pile has more than doubled since fiscal 2024, funding a new US warehouse.
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Kay Jewelers overhauls stores, product and marketing in its biggest rebrand in a century
The retailer is opening up display cases, fast-tracking a younger sub-brand and rolling men's shops into 200 of its roughly 1,000 stores.