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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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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US imposes new duties on 60 countries over forced labour enforcement
The Trump administration's latest tariff action, tied to a forced labour probe rather than the reciprocal levies struck down by the Supreme Court, adds fresh sourcing risk for fashion and luxury supply chains.
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Zegna outpaces Moncler as luxury's recovery splits along DTC and tourism lines
Second-quarter results from the two groups show how exposure to tourism spend, winter categories and direct-to-consumer momentum is now separating winners from laggards in luxury.
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Deckers tops $1 billion in the quarter as Hoka drives the beat
Deckers Brands posted a first-quarter earnings beat with net sales up 5.7% to $1.02 billion, led by continued strength at Hoka.
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H&M cuts New York corporate jobs as it trims overhead
H&M is laying off dozens of corporate staff in New York, part of a broader push to keep its cost base lean.
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Zegna posts strong Q2, chairman eyes further Asia-Pacific upside
Gildo Zegna says the group's brands still have untapped growth potential across Asia-Pacific after a solid second quarter.
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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.
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Kering Beauté executive Alexandre Choueiri named Bluemercury CEO
The move pulls a senior luxury beauty operator into Macy's specialty retail arm, signalling how prestige beauty talent is being drawn into mainstream retail leadership.
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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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Zegna and Moncler results show two-speed luxury recovery
Ermenegildo Zegna Group posted double-digit growth while Moncler's gains were softer, underlining how uneven the sector's rebound has become.
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Pernod Ricard CFO Hélène de Tissot departs for Chanel
The finance chief's move to Chanel, alongside Pernod Ricard's decision to drop its challenge to a $314 million Indian tax bill, points to a period of change and cost pressure at the drinks group.
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American buyers drive a rebound in London's ultra-prime housing market
Thirty-four ultra-prime home sales worth a combined $1.6 billion closed in the British capital in the first half of the year, with US buyers behind much of the renewed demand.
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Moncler grows in first half as new CEO Rongone finds his voice
The outerwear group posted revenue and profitability gains as Leo Rongone addressed analysts for the first time and Sidney Toledano joined the board following a reshuffle at the top.
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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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Nike overhauls online distribution in China as revenue keeps falling
Nike is resetting how it sells online in China after regional revenue fell sharply in its most recent quarter, deepening pressure on the group's broader turnaround plan.
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Swatch Group sales rise but profit disappoints as Armani doubles net income
Swatch Group posted first-half sales growth held back by currency effects, while Giorgio Armani's holding company more than doubled annual profit in its first results since founder Giorgio Armani's death.
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Mulberry's turnaround gathers pace as losses narrow and Q1 momentum builds
The British leather goods house posted narrower losses and better margins for fiscal 2026, then confirmed the recovery has carried into the new financial year.
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Nike moves to restrict online resellers in China as it fights to control its brand image
The sportswear giant will bar key Chinese retailers from selling its products online from January, a defensive move as local rivals gain ground and its China sales slide.