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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Rémy Cointreau's cognac rebounds even as liqueurs slip
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 turnaround stalls as Vans keeps sliding
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 returns to organic sales growth, but Gucci still lags
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 shoppers push luxury jewellery sales to a record
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 eyes €450 million in sales after tenfold growth
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 takes 4.2% stake in Burberry
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 finally sets opening date, two decades on
The Frank Gehry-designed museum on Saadiyat Island will open in December, capping one of the longest-gestating projects in the luxury cultural sector.
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Beyoncé takes full ownership of SirDavis whisky from Moët Hennessy
The singer has bought out Moët Hennessy's stake in the American whisky brand she co-founded, taking sole control of the label.
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SMCP returns to growth as US momentum and China recovery kick in
The Sandro and Maje owner posted a second-quarter sales rise as a leaner store network and full-price discipline lifted margins.
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RNDC files for Chapter 11 as US drinks distribution consolidates
One of America's largest wine and spirits distributors has entered bankruptcy protection after months of selling off operations, seeking buyers for what remains of the business.
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LVMH and Unilever results point to a two-speed luxury recovery
LVMH's watches and jewellery and cognac businesses stabilised in the first half while Unilever posted its best first-half performance in a decade, but the drivers behind each are very different.
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Louis Roederer buys into Burgundy with Domaine Pierre Damoy
Champagne house Louis Roederer has made its first move into Burgundy, acquiring grand cru vineyards in the Côte de Nuits as it marks its 250th anniversary.
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Brown-Forman rebuffs Sazerac's reported $15bn approach
Brown-Forman has rejected a takeover proposal from rival Sazerac, reportedly valuing the Jack Daniel's owner at around $15 billion.
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Skims plants its flag on Regent Street
Kim Kardashian's Skims has opened its first UK standalone store, a 12,000 square foot flagship on Regent Street, as the brand also hints at reviving its beauty line.
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Johnson & Johnson agrees $5.5bn talc settlement
The healthcare group has settled US litigation from roughly 76,000 plaintiffs who claimed its talcum powder products caused ovarian cancer.
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Revolut secures UAE licences, signals regional ambitions
The London-headquartered fintech has won regulatory approvals to offer accounts, cards and money transfers in the UAE, with crypto services approval also in progress.
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Dior helps LVMH's fashion arm snap a seven-quarter losing streak
Organic sales at LVMH's fashion and leather goods division turned positive in the second quarter, with Dior cited as a driver of the recovery.
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Fashion deals surge as brand managers replace private equity, jewellery reshapes luxury's winners
A new dealmaking report and mounting industry data point to two parallel shifts in luxury: brand-management firms are stepping into M&A as private equity retreats, and jewellery is emerging as the key differentiator between winning and losing luxury groups.
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Binghatti profit tops $800m as Dubai developer rides handover boom
The Dubai luxury property developer reported a sharp rise in profit and revenue in the first half of the year, driven by new project launches and the handover of nearly 1,700 units.
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Harvey Nichols suitors asked to commit up to £60 million to fund turnaround
Bidders for the British luxury department store are being asked to pledge tens of millions in fresh investment alongside the purchase price, underlining how much rebuilding the business needs.