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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Coupang warehouse fire threatens hundreds of millions in losses as e-commerce logistics take fresh hits
A 61-hour blaze at one of South Korea's largest fulfilment centres exposes how concentrated and fragile e-commerce logistics infrastructure has become.
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Beyond Yoga's lifestyle expansion now drives most of its revenue as the brand moves beyond leggings
Sales growth accelerating in newer categories signals a maturing playbook for activewear brands looking to broaden beyond their founding product.
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Bottega Veneta and Bluesign name new chief executives in fresh round of luxury leadership churn
Two separate CEO appointments underline how fast executive turnover is moving across fashion and its supply chain this year.
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Burberry's turnaround gathers pace with first quarter revenue growth
Burberry posted a 5% rise in first quarter revenue, its clearest sign yet that Joshua Schulman's Burberry Forward strategy is gaining traction.
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Luxury spending set to resume growth after a rare downturn, studies show
Two separate industry studies point to a return to growth for the global luxury market this year, though the consumer base and drivers of spending are shifting.
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Reformation targets $1 billion valuation in fresh test of appetite for fashion IPOs
The sustainability-focused fashion brand is pricing its shares between $15 and $17, seeking to become a bellwether for direct-to-consumer listings.
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Renewed Red Sea and Hormuz threats compound pressure on Italian manufacturing
A Houthi blockade threat against Saudi Arabia and tanker attacks in the Strait of Hormuz add fresh shipping risk just as Italy's footwear industry reports falling exports.
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Primark cuts prices sharply as it prepares to leave AB Foods
Primark will cut prices by up to 29% on hundreds of items as it seeks to reinvigorate trading ahead of next year's demerger from Associated British Foods.
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Burberry's recovery holds, but analysts want the next act
Burberry's first quarter retail revenue returned to growth, though analysts say a modest rebound is not enough to satisfy the market.
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India's gems and jewellery exports rebound sharply in June
Gross gems and jewellery exports from India rose more than 26% in June, snapping a prolonged run of declines.
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Richemont opens new fiscal year with growth across every region
The Swiss luxury group's jewellery houses led a broad-based sales recovery as watches also returned to growth.
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Irish whiskey maker launches tokenised cask investing from the UAE
Marrowbone Lane is using the UAE as a base to open whiskey cask investment to retail buyers through stablecoin-backed tokens.
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UAE developers chase luxury projects as costs squeeze margins
Rising materials, land and labour costs are pushing UAE property developers further upmarket to protect profitability.
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Tata's Westside plots 100 stores a year in biggest push yet
Trent's fashion chain is accelerating its store rollout as Tata Group leans harder into value fashion growth.
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EU's unsold-goods destruction ban puts luxury scarcity model under strain
A new European rule against destroying unsold goods forces luxury houses to rethink how they manage excess stock without undermining exclusivity.
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Gaultier bets on its first major women's fragrance in a decade
The house is leaning on the runaway success of Le Male to launch La Favorite, its biggest feminine scent push in ten years.
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Birkenstock's Boston clog marks 50 years as the brand's quiet cash cow
The unassuming closed-toe clog has become one of Birkenstock's most enduring commercial icons even as the company scales globally.
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Chanel cuts subcontractor tie amid Italian labour investigation
The French house says it is cooperating with Italian authorities probing exploitation in its supply chain, the latest luxury name drawn into the country's scrutiny of manufacturing subcontractors.
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Christie's posts strongest first half since 2021
The auction house's $4.5 billion first-half tally signals renewed confidence at the top of the art market.
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Kate Spade brings in L'Oréal veteran to lead marketing turnaround
The Tapestry-owned brand names Allison Badea as chief marketing officer as it works to reverse falling sales.