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.
-
Shein disputes French court's Lacoste damages ruling
Shein says a legal battle with Lacoste over alleged counterfeiting and brand damage remains unresolved despite a French court awarding the polo shirt maker damages.
-
Perfect Corp founder leads take-private deal
Alice Chang is buying back the AI beauty-tech firm she took public, betting she can build faster away from public market scrutiny.
-
e& exits Vodafone in $6bn sale to France's Niel family vehicle
The UAE telecom operator's full divestment of its Vodafone stake marks a strategic pivot away from passive European telecom holdings and towards operating assets closer to home.
-
Belle Brands buys Versed, expanding Windsong's clean beauty platform
The Katherine Power-founded skincare line joins JVN Hair, Pipette and KVD Beauty under the Windsong Global-backed roll-up, underlining continued consolidation in accessible clean beauty.
-
Hermès to enter haute couture with January 2027 debut
The leather goods powerhouse will present its first made-to-measure collection during Paris Couture Week, a rare move by a house that has resisted the category for nearly two centuries.
-
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.
-
Used gold Rolex prices soften as bullion slump ripples into watches
Secondary-market prices for gold Rolex models are falling in step with the gold price, a reminder of how tightly the watch resale market now tracks the metal it is made from.
-
Aritzia's comp sales jump 35.1% as everyday luxury bet keeps paying off
The Vancouver-based retailer's first-quarter results show its store expansion and premium positioning are still finding new customers.
-
Marine Serre enters receivership and seeks a new investor
The French designer's company blames client defaults and geopolitical turmoil for a financial restructuring.
-
Bremont's Cerrato bets on scarcity to rebuild the British watchmaker
Chief executive Davide Cerrato says cutting output, holding prices firm and a lunar rover tie-up underpin the brand's recovery.
-
Hugo Boss tells shareholders to reject Frasers Group's €2.7 billion approach
The German menswear group says the Mike Ashley-controlled retailer's offer undervalues its turnaround and its future.
-
Levi Strauss beats forecasts and raises outlook under Michelle Gass
The denim group topped second-quarter earnings expectations and lifted guidance despite World Cup-related headwinds.
-
Destination XL rebuffs Zodiac Partners' buyout bid again
The men's big and tall retailer turned down an improved acquisition offer from Zodiac Partners for the second time.
-
Luxury stocks wobble as Iran conflict rattles markets
Shares in high-end brands fell as the US-Iran conflict intensified, though some executives are still projecting confidence.
-
Air Canada names SAS chief Anko van der Werff as new CEO
The appointment brings an executive with turnaround experience at a smaller European carrier into one of North America's largest airlines, at a moment when premium travel demand remains a key battleground.
-
Dorchester Collection to close Hotel Principe di Savoia for two years
The Milan landmark will undergo what its owner calls one of the most significant investments in its history, a sign of how ultra-luxury hotel groups are willing to sacrifice short-term revenue for long-term repositioning.
-
Accor and H World detail plans to link 19,000 hotels
The two hospitality giants are combining loyalty programmes across a combined 430 million members, a bet on cross-border demand between China and the rest of the world.
-
Watches power Phillips to a 60% jump in spring auction sales
Timepieces drove nearly half of Phillips's $507 million spring total, underscoring collectors' continued appetite for watches even as broader luxury spending cools.
-
Louis Vuitton revives Classic Run car showcase after over a decade
The maison is bringing back its vintage car rally for the first time since 2012, starting in Venice this autumn.
-
L'Oréal secures Gucci beauty licence a year early, in 50-year deal
L'Oréal, Kering and Coty have agreed to accelerate the handover of Gucci Beauty, with Coty paid a termination fee to exit early.