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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Prada revenue climbs 16% and Cucinelli tops €700 million, underscoring how brand-specific execution now matters more than sector-wide tailwinds.
Both groups posted first-half growth even as the wider sector wrestles with a value-for-money problem, according to analysts.
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Campari Group has agreed to sell Bisquit & Dubouché cognac and Cabo Wabo tequila, to Cobblestone Brands, continuing a portfolio clean-up under pressure to sharpen its premium spirits focus.
The Italian drinks group continues to prune its portfolio, offloading a cognac house and a tequila brand to Ireland's Cobblestone Brands.
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Pai Partners is in exclusive talks to buy Elemis,, according to multiple sources cited by WWD, in a deal that would mark another private equity turn for the British skincare brand.
The British skincare brand founded by Noella Gabriel is reportedly close to changing hands again as private equity circles the profitable beauty category.
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Adidas apparel net sales jumped 34% in the second quarter,, outperforming footwear, even as the company confirmed a CFO transition heading into a pivotal World Cup year.
Apparel sales jumped sharply in the second quarter even as the brand navigates a finance chief transition heading into a major tournament year.
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L'Oréal's dermatological division drove H1 2026 sales, with CeraVe's ceramide sun care range and a recovering Chinese beauty market cited as key factors.
L'Oréal's dermatological division outperformed in the first half of 2026, helped by CeraVe's new sun care range and a gradual recovery in Chinese demand.
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Spirits groups Campari and Rémy Cointreau posted mixed but improving results, with Campari's apéritifs and Rémy's cognac business both showing renewed strength.
Campari Group grew first-half sales on strong apéritif demand while divesting its agricole rum brands, and Rémy Cointreau's first quarter was lifted by a rebound in cognac.
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Prada and Adidas both beat expectations in H1 2026, with Prada citing strength in the Americas and Asia-Pacific and Adidas posting record quarterly net sales.
Prada Group extended a multi-year growth streak while Adidas posted record quarterly sales and lifted guidance, underlining how different parts of the fashion and sportswear industry are finding momentum.
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Wildfires near Bordeaux are compounding an already difficult period for the wine trade, with the crisis described as France's toughest since the Second World War and Australian exports hitting a 22-year low.
Wildfires burning near Bordeaux have compounded pressure on France's most prominent wine region, arriving as Australian wine exports fall to a 22-year low.
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Hermès grew revenue 6% in H1, while Kering returned to comparable sales growth in the second quarter as Gucci's decline eased.
Hermès posted another solid first half while Kering's second-quarter numbers suggest the worst of the Gucci slump may be easing under new chief executive Luca de Meo.
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Shein disclosed a Federal Trade Commission investigation in its Hong Kong IPO filing, as it also raises US prices to offset tariff costs.
The fast-fashion giant revealed the US probe in its Hong Kong IPO prospectus, adding regulatory uncertainty to a listing already complicated by tariff pressures.
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Bernard Arnault has denied a Le Monde report alleging family infighting over LVMH succession, hitting back publicly on social media.
The LVMH chief executive publicly rejected a Le Monde investigation alleging discord within his family over who will eventually lead the luxury group.
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LVMH's wines and spirits arm returned to growth in H1, as Champagne and Cognac recovery helped drive an improved performance across the wider luxury group.
LVMH's wines and spirits division swung back to growth in the first half, with Champagne and Cognac recovering after two difficult years.
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Hermès sales growth accelerated in the second quarter, up 6.7% at constant currency, as US demand and leather goods offset a tougher backdrop for luxury peers.
The French luxury house posted faster second-quarter sales growth, defying a sluggish sector with double-digit gains in the Americas.
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Rémy Cointreau posted first-quarter sales of €223.2 million, up 1.3% organically, as a Cognac rebound offset weakness in liqueurs and spirits.
First-quarter sales rose modestly at Rémy Cointreau as Cognac demand recovered, while its liqueurs and spirits division continued to decline.
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VF Corp's first-quarter sales rose 1%, excluding Dickies, but Vans sales fell 8% as global wholesale weakness continued to weigh on the brand.
VF Corp reported a modest sales increase excluding Dickies, but Vans continued its steep decline as wholesale weakness persists globally.
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Kering has returned to organic sales growth, up 2% in the second quarter and its first positive quarter in three years, though Gucci sales stayed negative.
The French luxury group posted its first quarter of positive organic growth in three years, driven by jewellery and eyewear, even as its largest brand Gucci remains in decline.
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Japanese luxury jewellery sales have hit a record, with department store sales of gems, precious metals and artwork up 19% in the first half as shoppers seek shelter from inflation and a weak yen.
Domestic demand for gems, precious metals and artwork at Japan's department stores has surged as consumers treat luxury goods as a hedge against inflation and a weak yen.
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Give Back Beauty is approaching €450 million in sales, a tenfold increase over five years, as founder Corrado Brondi sets out the group's next growth phase.
Founder Corrado Brondi has built the beauty group into a fast-scaling player through partnerships and brand incubation, with 2026 sales set to approach a major milestone.
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Frasers Group has taken a 4.2% stake in Burberry, built through 15 million put options, as Mike Ashley's retail group inserts itself into the luxury brand's ongoing recovery story.
Mike Ashley's retail group has built a position in the British luxury house through put options, adding a new activist-style shareholder as Burberry works through its turnaround.
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Guggenheim Abu Dhabi will open on 11 December 2026, twenty years after the project was first announced as the anchor of Saadiyat Island's cultural district.
The Frank Gehry-designed museum on Saadiyat Island will open in December, capping one of the longest-gestating projects in the luxury cultural sector.