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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Italicus founder steps down as Pernod Ricard takes full control
Giuseppe Gallo has left the CEO role at the Italian liqueur brand he founded, as Pernod Ricard completes its acquisition of full ownership.
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Lanvin Group's revenue slide continues despite turnaround talk
The Shanghai-backed fashion group reported a further double-digit drop in first-half revenue even as management points to improving momentum.
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LVMH pulls a Balenciaga executive into its beauty command structure
Alexandre Oulès moves from Balenciaga to become chief operating officer of LVMH's beauty division, reinforcing the leadership team built around Véronique Courtois.
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Nyakio Grieco takes back Thirteen Lune and pushes into South Africa
The beauty entrepreneur has reacquired the inclusive beauty retail platform she founded and is opening an international expansion route through a partnership with South African e-commerce group Takealot.
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Target bets on its own prestige beauty studio after the Ulta split
Target is launching a reimagined beauty destination across more than 600 stores next month, betting it can hold prestige beauty shoppers without its former Ulta partnership.
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Soaring gold prices push Indian households to sell old jewellery
Record gold prices are driving a wave of household jewellery liquidation in India, pulling a traditionally informal trade into organised retail.
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Luxury faces a reckoning with China's secondhand boom
As China's two-decade luxury spending surge cools, brands are being urged to engage with the country's fast-growing resale market rather than resist it.
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Canada hits back with matching tariffs on US apparel
Ottawa's dollar-for-dollar retaliation against new US duties threatens to raise costs and complicate sourcing for fashion brands trading across the border.
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Dick's warns on consumer caution as Foot Locker integration bites
Shares in Dick's Sporting Goods fell after the retailer told analysts that shoppers are pulling back amid geopolitical unease, adding pressure to its recently acquired Foot Locker business.
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Shein's Hong Kong IPO filing puts growth ahead of sustainability pledges
An analysis of the fast-fashion giant's listing prospectus finds technology and scale prioritised over environmental and social commitments, a signal worth watching as Shein courts public markets.
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Strike ballot opens at Diageo's Cameronbridge distillery
Unite the union is balloting around 100 workers at Diageo's Cameronbridge distillery over a labour dispute, a flashpoint for the drinks giant as it navigates cost pressures across its Scotch whisky operations.
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MSC joins Maersk and CMA CGM in testing return to Red Sea routes
The world's largest ocean carrier is bringing East-West services back through the Suez Canal, a cautious signal that shipping majors see the Red Sea security picture improving.
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LVMH beauty division names new chief operating officer
Alexandre Oulès takes the COO role at LVMH's beauty arm, bringing deep internal experience from Guerlain and Celine.
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Dolce & Gabbana secures debt waiver as revenues slide again
The privately owned Italian house has persuaded lenders to waive covenant breaches after a fresh operating loss and rising debt.
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Swiss luxury exporters squeezed by US tariffs and a strong franc
Decades of Swiss strategy built on adding value to exports is being tested as American tariffs and currency strength compress margins.
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Resale becomes shoppers' first choice as vintage demand surges, RealReal finds
The luxury consignment platform's annual report shows vintage searches climbing sharply, with Phoebe Philo-era Celine and Matthieu Blazy's Chanel among the most sought-after names.
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Byredo's Sephora push signals a shift in niche fragrance strategy
The Puig-owned niche perfumer is expanding into Sephora's US stores, trading exclusivity for reach as the niche fragrance category matures.
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Shein's stock listing will not resolve its sustainability problem
A public listing gives Shein fresh scrutiny rather than cover, as regulators and rivals sharpen their focus on its supply chain.
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Trump escalates Canada tariffs to 50%, hitting cars and alcohol
Washington has raised tariffs on Canadian-made cars and a range of alcoholic drinks to 50%, deepening a trade war that is already unsettling cross-border business.
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China port congestion strands more container capacity than at Covid peak
Vessel queues at Shanghai and Ningbo have pushed stranded container capacity above pandemic-era highs, forcing major carriers to reroute or cancel sailings.