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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John Lewis names Will Kernan managing director as Peter Ruis departs
The retailer taps a former New Look and River Island executive to take over ahead of the crucial peak trading season.
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Louis Vuitton pairs Pat McGrath with Nicolas Ghesquière for first beauty collaboration
The house's La Beauté line will carry its Monogram canvas for the first time, marking a new push in colour cosmetics.
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Ulta pushes deeper into clinical hair care with two new launches
The retailer is adding a dandruff specialist and a prestige scalp-care brand as it bets shoppers will trade up for solution-based hair treatments.
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Under Armour bets on scarcity as it chases full-price sales
Chief executive Kevin Plank is steering the sports brand away from volume towards fewer, higher-priced products, wagering that shoppers will pay up even as demand softens.
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Nammos expands to Egypt with new North Coast destination
The Greek lifestyle and hospitality brand is partnering with Abu Dhabi's Modon Holding on its first fully integrated destination in Egypt.
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Titan opens its financial year with 40% revenue growth on jewellery strength
India's largest watch and jewellery group reported broad-based gains across its portfolio, led by continued premiumisation in jewellery and watches.
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Ralph Lauren extends its winning streak with double-digit growth
The brand's first-quarter results show North America and China both accelerating, reinforcing its premiumisation strategy.
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Shiseido profit surges 90% as turnaround gains traction
Improved performance in the Americas and a standout fragrance business helped drive a sharp profit jump for the Japanese beauty group.
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Diageo unveils $1 billion savings drive after sales decline
Chief executive Dave Lewis is restructuring the Smirnoff and Johnnie Walker owner around cost cuts and a bet on Guinness and ready-to-drink brands.
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Capri Holdings cuts outlook as Michael Kors stumbles
A quarter of falling revenue and inventory delays at Michael Kors has pushed Capri Holdings to lower its annual guidance.
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Hermès first-half sales climb 6% as Americas surge
The leather goods house posted accelerating growth into the second quarter, underscoring its resilience against a broader luxury slowdown.
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Range Rover pushes deeper into bespoke commissions to rival Bentley and Rolls-Royce
JLR's Range Rover brand is expanding personalisation and one-off commissioning work as it seeks a seat at the top table of ultra-luxury motoring.
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Birkenstock's brand heat faces a 2027 stress test, analysts warn
Wall Street expects Birkenstock to hit its fiscal 2026 targets but is split on whether rising promotional activity signals a slowdown ahead.
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Russian strikes on Kyiv-area warehouses hit Puma and Intertop supply
Warehouse destruction near Kyiv threatens weeks-to-months of product shortages for Puma and its Ukrainian retail partner Intertop.
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Abercrombie & Fitch seeks China investor to reset its market strategy
The American retailer, valued at several hundred million dollars for the venture, wants a local partner to navigate a market that has proven difficult for foreign apparel brands.
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Diageo unveils $1bn savings drive as profits slide under new chief
Sir Dave Lewis's first major move as chief executive is a three-year efficiency programme, not the acquisitions or disposals investors had speculated about.
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Ralph Lauren posts 14% revenue growth, beating expectations in Asia and North America
The group's first quarter of its 2027 financial year shows broad-based strength that outpaces much of the luxury sector's recent slowdown.
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Partners Group enters exclusive talks for Aroma-Zone as Eurazeo weighs exit
The Swiss private equity firm is closing in on the French natural beauty retailer, with Eurazeo potentially selling its stake and reinvesting.
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Louis Vuitton targets 2027 for Champs-Élysées mega-project
Louis Vuitton chief executive Pietro Beccari has confirmed the brand is working toward a 2027 opening for its large-scale flagship complex on the Champs-Élysées in Paris.
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Aramex posts record quarterly revenue despite Gulf disruption
Dubai-based courier Aramex returned to profit with its highest quarterly revenue on record, even as the Iran war and Strait of Hormuz disruption weighed on regional trade.