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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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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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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As private equity retreats from fashion, licensing groups become the buyers of last resort
With traditional buyout firms pulling back from apparel and accessories deals, brand management companies that license out labels for royalties are stepping up acquisitions.
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L Catterton sells Thorne to P&G in $3.8 billion deal
The LVMH-backed private equity firm exits the supplements brand it backed in 2023, handing Procter & Gamble a foothold in the fast-growing wellness category.
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Nykaa takes majority stake in premium skincare brand Aminu
The Indian beauty retailer's acquisition signals continued consolidation of its house-of-brands strategy in the fast-growing premium skincare segment.
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Moreau Paris falls into compulsory liquidation, rescued by Cardinal Invest
The 19th-century leather goods house has been taken over under Groupe Lécuyer's holding structure after financial troubles forced a court-ordered sale.
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China's luxury spending tilts from bags to beauty
Prestige skincare is gaining ground on designer handbags among Chinese consumers as a prolonged property downturn and weaker confidence sharpen price sensitivity even within the premium tier.
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LVMH exits Patou, selling the house back to its former owner
The disposal follows LVMH's sale of Marc Jacobs last year and points to a continued paring back of smaller fashion labels within its portfolio.
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Dossier names Stefano Curti executive chairman after American Pacific Group buyout
The fragrance brand's new leadership signals a push to professionalise a founder-led disruptor as private equity backs its next phase.
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RNDC bankruptcy filings expose scale of US drinks distribution collapse
Court documents reveal more than $400 million in unsecured debts and raise questions about how long suppliers knew the distributor was in trouble.
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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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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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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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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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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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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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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.