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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.