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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Lapérouse Holding builds a French heritage dining group
The venture backed by Benjamin Patou and Antoine Arnault is assembling storied Paris addresses into a broader hospitality platform.
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Chanel's long-serving CFO Philippe Blondiaux to retire
The finance chief who steered Chanel through more than a decade of expansion and its shift to public financial disclosure will step down at the end of 2026.
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Medik8 targets $100 million in sales with Sephora US and Canada debut
The British skincare brand is using its Sephora North America launch to pursue an ambitious growth target in the world's largest beauty market.
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Burberry's Gen Z bet pays off with 5% sales growth
The British house's first-quarter rebound leans heavily on younger Chinese shoppers and a renewed appetite for the trench coat.
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Italian police probe nine luxury fashion firms over labour exploitation
Authorities have visited the headquarters of nine high-end fashion houses, including Cucinelli and Moncler, demanding records on subcontractor oversight.
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Richemont sales jump on jewellery strength
Cartier and Van Cleef & Arpels led a strong first quarter for the Swiss luxury group even as the wider sector shows a widening split between winners and laggards.
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Bottega Veneta names Romain Spitzer as chief executive
Kering has ended its search for a new Bottega Veneta boss, handing the Italian leather goods house to a former LVMH fragrance executive.
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LVMH fragrance chief Romain Spitzer named CEO of Bottega Veneta
A 20-year LVMH Beauty veteran crosses to a rival group to run one of Kering's most closely watched turnaround brands.
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David Beckham's IM8 lands $1 billion growth financing
General Catalyst's Customer Value Fund is backing the wellness supplements brand to scale marketing and customer acquisition.
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Richemont's jewellery strength lifts the whole luxury sector
A 20% constant-currency sales rise at the Cartier owner reassured investors that hard luxury is holding up better than fashion and leather goods.
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Oaktree's Howard Marks lists Mallorca villas for $70 million
The distressed-debt billionaire is offloading a pair of side-by-side properties on the exclusive Formentor peninsula, a sign of continued strength at the top of the Mediterranean trophy home market.
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L'Oréal's Gucci Beauty takeover and a wave of beauty executive moves reshape the luxury cosmetics map
A cluster of leadership changes at Sephora, Bluemercury and Ulta Beauty coincides with L'Oréal's early move to take over the Gucci beauty licence from Coty.
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Richemont posts 20% sales growth as jewellery maisons drive first quarter
The Swiss luxury group's jewellery houses continue to outperform, reinforcing the divide between hard luxury and the rest of the sector.
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Christie's and Sotheby's ride trophy lots and luxury goods to a strong first half
Both auction houses posted their best results in years, powered by single-owner collections, private sales and flexible financing.
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LVMH's Cheval Blanc to run Qatar-owned Hotel Pitrizza in Sardinia from 2027
The renovated Sardinian property adds a fifth address to LVMH's fast-growing ultra-luxury hotel portfolio.
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PVH taps Sephora executive Alexis Rollier as chief financial officer
The Calvin Klein and Tommy Hilfiger owner turns to a beauty and LVMH veteran to steer its finances through a tough retail climate.
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Guzema Fine Jewelry opens first permanent US store in SoHo
The Ukrainian jewellery house marks its tenth anniversary with a New York flagship and a more ambitious American growth push.
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Revolut secures preliminary approval for UAE crypto licence
The British fintech moves closer to launching its full product suite in the Emirates after winning in-principle backing from Dubai's virtual assets regulator.
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Brown-Forman chief executive Lawson Whiting to retire
The Jack Daniel's owner's long-serving chief executive will step down once a successor is named, opening a leadership transition at a company navigating a tough period for the spirits industry.
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Ennismore's IPO filing points to Airbnb's next hotel move
Disclosures in hospitality group Ennismore's IPO filing highlight a strategic gap that Airbnb is well placed to fill, as the short-term rental giant weighs a deeper push into branded hospitality.