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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Polène opens Marina Bay Sands store as it deepens Asia push
The French leather goods brand's new Singapore boutique reflects a strategy of consolidation rather than rapid store count growth.
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Saks Global bankruptcy offers a cautionary tale for luxury retail consolidation
A look back at the department store group's collapse underscores the risks of debt-fuelled retail mergers in a shifting luxury market.
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Moschino owner Aeffe fields binding rescue offer from Oxy Capital
The Italian turnaround specialist has emerged as a suitor for the struggling fashion group behind Moschino, teaming with a Chinese industrial partner and Italy's state investment agency.
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Puma's reset continues as sales slide but losses narrow
The German sportswear group reported a second-quarter sales decline even as executives pointed to improving profitability during an ongoing turnaround.
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Moreau Paris finds a French buyer after court-supervised sale
Cardinal Invest, owner of leather goods manufacturer Groupe Lécuyer, has won the bidding process for the storied trunk and leather goods maker Moreau Paris.
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L'Oréal sets multibillion-euro ambitions for Gucci Beauty as beauty M&A heats up
L'Oréal has outlined plans to relaunch Gucci Beauty after gaining early access to the brand's licence from Coty, as Puig posts fragrance-led growth and Elemis reportedly nears a sale to Pai Partners.
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Four Seasons reopens the Danieli in Venice after extensive renovation
The reopening of one of Venice's most storied hotels adds fresh capacity to an ultra-luxury hospitality market already stretched thin in the lagoon city.
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Prada and Brunello Cucinelli post solid growth as luxury's two-speed recovery continues
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 sheds Bisquit & Dubouché and Cabo Wabo
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 nears deal for Elemis
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 surges in World Cup quarter as CFO exits
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 arm leads H1 growth as Chinese beauty market steadies
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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Campari and Rémy Cointreau results show cognac and apéritifs propping up spirits groups
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 post strong results as luxury and sportswear diverge on drivers
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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Bordeaux wildfires deepen wine region's crisis amid extreme heat
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 keeps growing as Kering shows signs of a turnaround
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 discloses FTC investigation ahead of Hong Kong listing
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 denies succession rift at LVMH
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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Champagne and Cognac lift Moët Hennessy as LVMH returns to growth
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 accelerates as US demand and leather goods drive growth
The French luxury house posted faster second-quarter sales growth, defying a sluggish sector with double-digit gains in the Americas.