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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Moreau Paris falls into compulsory liquidation, rescued by Cardinal Invest
The 19th-century leather goods house has been taken over under Groupe Lécuyer's holding structure after financial troubles forced a court-ordered sale.
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Ferragamo returns to profit as Hugo Boss keeps sliding
Two Italian and German fashion houses posted starkly different second quarters, underscoring the widening gap between brands that have stabilised and those still searching for a turnaround.
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Hugo Boss and Zalando show the strain in mid-market fashion
Both German fashion groups posted weaker underlying trading in the second quarter, with Hugo Boss extending its sales decline and Zalando papering over slowing organic growth with the About You acquisition.
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China's luxury spending tilts from bags to beauty
Prestige skincare is gaining ground on designer handbags among Chinese consumers as a prolonged property downturn and weaker confidence sharpen price sensitivity even within the premium tier.
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Campari profits fall but group upgrades full-year margin outlook
Davide Campari-Milano reported lower first-half profits despite organic sales growth, and upgraded its full-year margin guidance on a more favourable tariff environment and portfolio streamlining.
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Turkey's tourism sector loses momentum as Gulf conflict and inflation bite
Visitor numbers and revenue fell in the second quarter, a signal for luxury hospitality and travel operators exposed to the region.
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States sue Trump administration over Section 301 tariffs on trade partners
A coalition of 25 states has filed suit against new Section 301 duties, a challenge with direct consequences for fashion and luxury supply chains.
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LVMH exits Patou, selling the house back to its former owner
The disposal follows LVMH's sale of Marc Jacobs last year and points to a continued paring back of smaller fashion labels within its portfolio.
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Ferragamo returns to profit as Puig's margins slip
Two European luxury houses posted contrasting first-half results, underlining how cost discipline now matters as much as top-line growth.
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Beiersdorf cuts guidance as Nivea turnaround stalls
The German beauty group is putting more money behind its heritage brand after admitting recovery efforts have not spread widely enough.
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Diageo names new Asia Pacific chief as it looks to steady the region
The Johnnie Walker owner has hired Sujay Wasan to lead a business that has been a persistent source of concern for the drinks giant.
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Dossier names Stefano Curti executive chairman after American Pacific Group buyout
The fragrance brand's new leadership signals a push to professionalise a founder-led disruptor as private equity backs its next phase.
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RNDC bankruptcy filings expose scale of US drinks distribution collapse
Court documents reveal more than $400 million in unsecured debts and raise questions about how long suppliers knew the distributor was in trouble.
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New Look names Lynda Petherick CEO as data and loyalty drive early growth
The British fast fashion retailer's incoming chief inherits a business already showing EBITDA gains from new loyalty and forecasting tools.
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India halts sales of Diageo and Inbrew spirits over flavouring concerns
A regulatory crackdown on artificial flavourings hits major whisky and rum brands at selected production sites, adding fresh friction to India's fast-growing spirits market.
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Poltrona Frau CEO steps down after a decade in charge
Nicola Coropulis is moving from chief executive to a strategic advisory role focused on the Italian furniture group and its Ceccotti Collezioni arm.
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Ferrari to unveil two new models before year end
The Italian marque is pressing ahead with new launches and biofuel testing as it navigates the shift away from pure combustion.
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Met eyes John Galliano retrospective as designer returns to spotlight
A Costume Institute show on John Galliano would cap a remarkable rehabilitation for the designer, who is preparing his first seasonal collection for Zara this autumn.
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Gagosian scales back with exits from Basel and London's Burlington Arcade
The mega-gallery's departure from two locations adds to a summer of real estate downsizing among the art market's biggest players.
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Luxury groups eye second-half rebound as VICs and newness cushion a fragile China
Europe's biggest luxury houses used top clients and product newness to steady the ship in the first half, but China's uneven recovery still clouds the outlook.