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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Prada and Brunello Cucinelli post solid growth as luxury's two-speed recovery continues
Both groups posted first-half growth even as the wider sector wrestles with a value-for-money problem, according to analysts.
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Campari sheds Bisquit & Dubouché and Cabo Wabo
The Italian drinks group continues to prune its portfolio, offloading a cognac house and a tequila brand to Ireland's Cobblestone Brands.
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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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Adidas apparel surges in World Cup quarter as CFO exits
Apparel sales jumped sharply in the second quarter even as the brand navigates a finance chief transition heading into a major tournament year.
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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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Campari and Rémy Cointreau results show cognac and apéritifs propping up spirits groups
Campari Group grew first-half sales on strong apéritif demand while divesting its agricole rum brands, and Rémy Cointreau's first quarter was lifted by a rebound in cognac.
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Prada and Adidas post strong results as luxury and sportswear diverge on drivers
Prada Group extended a multi-year growth streak while Adidas posted record quarterly sales and lifted guidance, underlining how different parts of the fashion and sportswear industry are finding momentum.
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Bordeaux wildfires deepen wine region's crisis amid extreme heat
Wildfires burning near Bordeaux have compounded pressure on France's most prominent wine region, arriving as Australian wine exports fall to a 22-year low.
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Hermès keeps growing as Kering shows signs of a turnaround
Hermès posted another solid first half while Kering's second-quarter numbers suggest the worst of the Gucci slump may be easing under new chief executive Luca de Meo.
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Shein discloses FTC investigation ahead of Hong Kong listing
The fast-fashion giant revealed the US probe in its Hong Kong IPO prospectus, adding regulatory uncertainty to a listing already complicated by tariff pressures.
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Bernard Arnault denies succession rift at LVMH
The LVMH chief executive publicly rejected a Le Monde investigation alleging discord within his family over who will eventually lead the luxury group.
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Champagne and Cognac lift Moët Hennessy as LVMH returns to growth
LVMH's wines and spirits division swung back to growth in the first half, with Champagne and Cognac recovering after two difficult years.
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Hermès accelerates as US demand and leather goods drive growth
The French luxury house posted faster second-quarter sales growth, defying a sluggish sector with double-digit gains in the Americas.
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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.