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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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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Macquarie names Greg Ward to succeed Wikramanayake as chief executive
The Australian financial giant has promoted its banking head to lead the group, marking the end of one of the longer tenures among global investment bank chiefs.
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Chanel brings in a spirits veteran to run its finances
Chanel has named Hélène de Tissot as its next chief financial officer, drawing an executive from outside fashion and luxury's usual talent pool to succeed Philippe Blondiaux.
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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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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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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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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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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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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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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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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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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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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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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.
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Chanel's Hong Kong destruction scandal exposes luxury's waste problem
A theft trial in Hong Kong has pulled back the curtain on the volume of unsold Chanel goods routinely destroyed in the city, just as EU rules aimed at curbing the practice are about to bite.
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Estée Lauder keeps Too Faced and Dr. Jart+, Coty hands Gucci back to Kering
Two of the world's largest beauty groups are quietly redrawing their brand portfolios, with Estée Lauder retreating from a sale and Coty exiting a licence early.
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Sneaker chain bankruptcies expose a deeper inventory glut in athletic footwear
The collapse of two US sneaker and outdoor retailers points to an oversupply problem across athletic footwear that has been building for months.
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Tailored Brands files to go public again, five years after bankruptcy exit
The menswear group behind Men's Wearhouse and Jos. A. Bank is testing Wall Street's appetite for its post-restructuring turnaround.
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Scorpios Bodrum closes after partner dispute
The beach club operator's Turkish outpost has shut after a falling out with local partner Maxx Royal Bodrum, exposing the risks of licensing lifestyle concepts abroad.
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Marine Serre seeks court protection as Paris fashion casualties mount
The upcycling-focused French designer has been placed under court-supervised reorganisation, the latest independent label to buckle under the cost pressures facing young fashion houses.