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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Sotheby's posts record first-half sales as fossil and art demand surges
Sotheby's total sales jumped sharply in the first half of the year, with a record private-treaty business and a headline-grabbing dinosaur auction underscoring strong appetite for trophy assets.
-
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.
-
Olivier Rousteing takes the helm at Rabanne
Puig hands its most experimental house to the designer who spent 14 years rebuilding Balmain's global profile.
-
Logo visibility falls to the bottom of luxury buyers' priorities
BCG and Altagamma's latest True-Luxury report finds design, quality and timelessness now outrank status signalling across every category.
-
Brown-Forman CEO Lawson Whiting to retire after nearly 30 years
The departure caps a turbulent stretch of falling sales, restructuring and failed takeover talks at the Jack Daniel's owner.
-
Watches of Switzerland posts record year as demand holds firm
The retailer reported an 11% rise in full-year revenue and called for an encouraging start to the new financial year.
-
Luxury buyers push US home prices to record highs
Wealthy purchasers, concentrated in coastal cities, are the main force behind record median home prices nationwide, underscoring the resilience of top-end real estate demand.