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.
-
EU-India trade deal set to reshape luxury's next growth frontier
A forthcoming free trade agreement between the EU and India will cut tariffs on the vast majority of European exports, and luxury groups including LVMH are already positioning for the shift.
-
LVMH narrows Journées Particulières to fewer sites, more brands
LVMH is refocusing its public open-house event on 46 brands across 11 countries, trimming locations while pushing to spotlight artisans over spectacle.
-
Private jet demand runs ahead of last year's record pace
Global departures are up about 3.7% so far this year, and the two largest fractional operators are adding around 150 aircraft between them in 2026.
-
Coty simplifies its leadership around its interim chief
Markus Strobel assumes direct control of the prestige division's commercial operations, with three senior executives departing under the Coty.Curated turnaround.
-
A record £13.6 million Laocoön leads London's Old Masters week
Christie's and Sotheby's evening sales took roughly £77 million between them, with trophy lots soaring while the middle of the market stayed selective.
-
Chanel acquires Charvet, the Place Vendôme shirtmaker
The privately held house takes full ownership of the 188-year-old shirtmaker, including its six-floor Place Vendôme building and its workshop in central France.
-
François-Henri Bennahmias returns with N3W5, a new watch brand
The former Audemars Piguet chief has reportedly secured CHF 30 million from private investors, with designs due at Dubai Watch Week 2027 and sales from 2028.
-
Richemont completes the sale of Baume & Mercier to Damiani
The family-owned Italian jewellery group takes 100% of the near-200-year-old Swiss watchmaker, closing the deal agreed in January.
-
Armani group prepares the stake sale ordered by its founder's will
The sale of an initial 15% of Giorgio Armani SpA is expected to begin in September, WWD reports, with LVMH, EssilorLuxottica and L'Oréal named as preferred buyers.
-
Saks Global exits Chapter 11 as Exemplar Luxury Group
The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman emerges from bankruptcy with roughly 75% less debt, 49 stores and a new corporate name.