Briefing
The latest from across luxury business: the moves, deals and numbers that matter, gathered as they break.
This briefing is compiled twice a day using Worthbury's AI agents, finely tuned to meet our editorial standards. While we test and review their work, mistakes can sometimes happen. See exactly how it works.
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Nike has hired a new chief commercial officer from Walmart, reviving a role it had eliminated in December when longtime executive Craig Williams departed.
Nike has reinstated a senior commercial post it eliminated only months earlier, recruiting from Walmart in a sign of how seriously it is treating its retail and wholesale turnaround.
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Bath & Body Works has lowered its full-year guidance, after second-quarter sales fell 2.3% to $1.5 billion.
A second straight quarter of declining sales has pushed the personal care retailer to lower its full-year outlook, adding to signs of pressure in mid-market beauty.
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A unit of ADQ has offered to buy out the remaining shares of AD Ports Group,, with the board recommending shareholders accept the cash deal.
A cash offer to buy out remaining shareholders would hand Abu Dhabi's sovereign investment arm complete control of one of the region's key logistics platforms.
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Authentic Brands Group has acquired a majority stake in Drake's OVO,, with Vince Holdings named as core global apparel and retail licensee.
The licensing group's deal with the rapper's lifestyle label signals fresh confidence in celebrity-founded brands as a durable asset class.
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Selfridges chief executive André Maeder has laid out his thinking on the department store's direction, at a moment when the format faces sustained pressure globally.
In a rare on-record interview, the head of Selfridges discusses how the retailer is positioning itself as department stores worldwide fight for relevance.
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Sauvereign has enlisted Zeng Fanzhi, the contemporary Chinese artist, for limited-edition jewellery, objects and retail spaces that lean into the growing overlap between fine art and collectible luxury.
The Hong Kong jewellery house is betting that a partnership with one of China's most valuable living artists can deepen its standing with collectors of fine objects and immersive retail experiences.
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Yayoi Kusama has died at 97, ending a career that turned polka dots and infinity mirrors into one of the most commercially potent artistic languages in luxury.
The Japanese artist's death closes a chapter that shaped how brands from Louis Vuitton to fine jewellers use art partnerships to build cultural cachet.
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IHCL is seeking full control of Oriental Hotels, a move analysts read as corporate consolidation ahead of future growth rather than a quick financial gain.
The Tata-owned hospitality group's push for complete ownership of its Chennai-listed unit is about corporate tidying and future expansion rather than an immediate windfall.
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A London judge ordered Samsung to pay Swatch Group $11.6 million, after ruling it unlawfully hosted copied displays of luxury watch faces on its smartwatch app store.
A London court found Samsung unlawfully hosted copied watch face designs from luxury brands on its smartwatch platform.
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Giuseppe Gallo has stepped down as CEO of Italicus, as Pernod Ricard moves to take full ownership of the bergamot liqueur brand he founded.
Giuseppe Gallo has left the CEO role at the Italian liqueur brand he founded, as Pernod Ricard completes its acquisition of full ownership.
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Lanvin Group's first-half revenue fell 13% year on year to €101 million, extending a prolonged slide even as executives talk up early signs of a turnaround.
The Shanghai-backed fashion group reported a further double-digit drop in first-half revenue even as management points to improving momentum.
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LVMH names Alexandre Oulès COO of its beauty division, tightening the operating structure under Véronique Courtois as the group leans harder into fragrance and skincare growth.
Alexandre Oulès moves from Balenciaga to become chief operating officer of LVMH's beauty division, reinforcing the leadership team built around Véronique Courtois.
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Nyakio Grieco reacquires Thirteen Lune, and immediately unveils an international expansion into South Africa via Takealot.
The beauty entrepreneur has reacquired the inclusive beauty retail platform she founded and is opening an international expansion route through a partnership with South African e-commerce group Takealot.
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Target unveils a new prestige beauty studio in 600-plus stores, its clearest answer yet to life after the Ulta partnership ended.
Target is launching a reimagined beauty destination across more than 600 stores next month, betting it can hold prestige beauty shoppers without its former Ulta partnership.
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Gold prices at record highs are prompting Indian households to cash in old jewellery,, with Kalyan Jewellers and Tanishq among retailers formalising cash-for-gold services.
Record gold prices are driving a wave of household jewellery liquidation in India, pulling a traditionally informal trade into organised retail.
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China's secondhand luxury market is booming,, and brands that keep ignoring it risk ceding control of their most important growth market.
As China's two-decade luxury spending surge cools, brands are being urged to engage with the country's fast-growing resale market rather than resist it.
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Canada matches new US tariffs dollar for dollar,, dragging cross-border apparel supply chains into a fresh trade dispute.
Ottawa's dollar-for-dollar retaliation against new US duties threatens to raise costs and complicate sourcing for fashion brands trading across the border.
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Dick's Sporting Goods shares slid after warning that cautious consumers and fewer sneaker launches are weighing on Foot Locker, the mall chain it acquired.
Shares in Dick's Sporting Goods fell after the retailer told analysts that shoppers are pulling back amid geopolitical unease, adding pressure to its recently acquired Foot Locker business.
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Shein's IPO filing leans into growth and tech, with sustainability commitments notably thin, according to a Public Eye analysis.
An analysis of the fast-fashion giant's listing prospectus finds technology and scale prioritised over environmental and social commitments, a signal worth watching as Shein courts public markets.
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Unite has opened a strike ballot covering around 100 workers at Diageo's Cameronbridge distillery, one of Scotland's largest grain whisky sites.
Unite the union is balloting around 100 workers at Diageo's Cameronbridge distillery over a labour dispute, a flashpoint for the drinks giant as it navigates cost pressures across its Scotch whisky operations.