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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Dior rebound pulls LVMH's fashion and leather goods back into growth
LVMH's largest division returned to positive sales growth for the first time in nearly two years, with jewellery and US demand offsetting softness in Europe and the Gulf.
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New US tariff wave signals a longer fight over supply chain enforcement
Washington's latest duties, tied to forced-labour enforcement claims, are the first of more actions expected, with implications for luxury sourcing.
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Rolex's pre-owned push is growing the whole secondhand watch market
Dealers say Rolex's certified pre-owned programme has taken share but expanded the overall pool of secondhand buyers.
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CitizenM's first year under Marriott tests the limits of scale without losing identity
A year after selling to Marriott, the hip hotel brand is absorbing corporate audits and a new guest base while its original owner watches whether growth can happen without dilution.
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Explora Journeys puts its biggest ship to sea as MSC's luxury bet scales up
The delivery of Explora Journeys' largest vessel yet marks a fresh test of demand at the top of the cruise market.
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US lifts tariffs on Scotch whisky, easing pressure on a hard-hit sector
Scotch whisky returns to tariff-free trading with the United States, a reprieve welcomed across the drinks industry after a prolonged period of duties.
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Zegna posts 9.3% organic growth as menswear group defies luxury slowdown
The Milan-listed group's first-half revenue climbed to €987.3 million, bucking the wider slowdown in luxury spending.
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Interparfums leans on US strength to offset European sales dip
The fragrance licensing group's second-quarter results showed robust American demand papering over softness in Europe.
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Merit brings in Vasiliki Petrou and Semcap as it eyes global scale
The minimalist beauty brand has taken a minority investment from Semcap's new Beauty & Wellness vertical, with former Unilever Prestige chief Vasiliki Petrou joining its board.
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US imposes new duties on 60 countries over forced labour enforcement
The Trump administration's latest tariff action, tied to a forced labour probe rather than the reciprocal levies struck down by the Supreme Court, adds fresh sourcing risk for fashion and luxury supply chains.
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Zegna outpaces Moncler as luxury's recovery splits along DTC and tourism lines
Second-quarter results from the two groups show how exposure to tourism spend, winter categories and direct-to-consumer momentum is now separating winners from laggards in luxury.
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Deckers tops $1 billion in the quarter as Hoka drives the beat
Deckers Brands posted a first-quarter earnings beat with net sales up 5.7% to $1.02 billion, led by continued strength at Hoka.
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H&M cuts New York corporate jobs as it trims overhead
H&M is laying off dozens of corporate staff in New York, part of a broader push to keep its cost base lean.
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Zegna posts strong Q2, chairman eyes further Asia-Pacific upside
Gildo Zegna says the group's brands still have untapped growth potential across Asia-Pacific after a solid second quarter.
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Jean-Georges Vongerichten buys into his own Miami branded tower
The Michelin-starred chef has purchased a condo in the Jean-Georges Miami Tropic Residences, his first branded residential project.
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Kering Beauté executive Alexandre Choueiri named Bluemercury CEO
The move pulls a senior luxury beauty operator into Macy's specialty retail arm, signalling how prestige beauty talent is being drawn into mainstream retail leadership.
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Skims pushes into physical retail as Grede pushes back on perception
The Kim Kardashian-founded shapewear brand is opening stores in London, Dubai and beyond as its chief executive argues the business is more substantial than its social media image suggests.
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Zegna and Moncler results show two-speed luxury recovery
Ermenegildo Zegna Group posted double-digit growth while Moncler's gains were softer, underlining how uneven the sector's rebound has become.
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Pernod Ricard CFO Hélène de Tissot departs for Chanel
The finance chief's move to Chanel, alongside Pernod Ricard's decision to drop its challenge to a $314 million Indian tax bill, points to a period of change and cost pressure at the drinks group.
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American buyers drive a rebound in London's ultra-prime housing market
Thirty-four ultra-prime home sales worth a combined $1.6 billion closed in the British capital in the first half of the year, with US buyers behind much of the renewed demand.