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.
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Prada rules out Armani stake as it directs cash at Versace turnround
Guerra told Reuters the group's management attention and cash are going to the Milanese house it bought in December.
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Interparfums lifts 2026 sales target as Asia jumps 32% in Q3
Nine-month sales are still 2.9% lower as reported, even as the maker of Jimmy Choo, Coach and Montblanc scents upgrades its target.
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Hilton and Scandic sign multi-year Nordics hotel development deal
The first property is a full-service hotel at Scanport, next to Scandinavia's largest aviation hub.
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Inspired Capital closes $450 million fund to back creators and AI in retail
The New York firm, founded in 2019 by Alexa von Tobel and Penny Pritzker, is also launching a revenue-focused platform for portfolio companies.
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Kempinski loses CEO Barbara Muckermann and six C-suite executives
Muckermann had led the group since 2022 and oversaw the Bare Luxury repositioning, and no successor has been named in the report.
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Chanel sells majority stake in beauty manufacturer Capsum to Motion Equity
Capsum's sales are close to €80 million today, and Bardon wants to quintuple them within five years through acquisitions.
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Swiss watch exports rise 11.7% in September, a fourth month of growth
Steel and bimetallic models led the month, while Mainland China, the UK and the UAE all declined.
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Dolce & Gabbana Beauty plans up to 70 boutiques after 14% sales rise
Make-up distribution is set to nearly double, from 1,100 points of sale to roughly 2,000 by the end of 2026, alongside a first full skin care line.
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Jacob Cohën opens first US store on Madison Avenue
The 3,121-square-foot corner flagship opens October 27, with women's on the ground floor and a "gentleman's club" upstairs.
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Kempinski CEO and five senior executives exit amid turnaround doubts
Revenue slipped in 2024 even as net profit rose to €17.6 million, filings show.
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Mulberry first-half sales climb 18% on full-price push
Discounting fell by 300 basis points as the company chases its £200 million revenue target.
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Inflexion takes minority stake in Paris nail care brand Manucurist
The Green Flash maker sells in more than 40 countries and counts the US as its next focus.
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France's looting damage could hit hundreds of millions of euros, retailers warn
Carrefour puts its own repair bill above €10 million, and the Trade Minister has promised further support measures soon.
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Fleur du Mal names Vanessa Abreu president to drive retail growth
The role has been empty for two years at the New York lingerie and ready-to-wear brand, which is primarily direct-to-consumer.
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Alo opens Hong Kong Sanctuary store and Berlin flagship at once
Tourists made up 60 percent of the Hong Kong store's first-week sales of 20 million renminbi, according to local media reports.
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Chanel unveils its first Wuhan store hoarding, at SKP on the Chu River
The store will join a 1.5-kilometre promenade planned to hold about 40 stand-alone stores, and Chanel has given no opening date.
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Looting hits Louis Vuitton, Céline and Decathlon as unrest spreads across France
Galeries Lafayette says the cost will be very significant, and its Bordeaux store stays shut until Monday afternoon.
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Massimo Dutti opens Rome and Milan flagships, then New York's SoHo
The SoHo store, opening Oct. 23, carries a Steven Sebring show centred on Patti Smith.
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De Beers London reopens New York flagship, reports double-digit growth
The company expects to end 2026 with 24 stores worldwide and will bring the new design to several major Chinese locations next year.
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KaDeWe opens a 21,500-square-foot health hub on its fourth floor
Recover Society memberships run from €180 to €1,000 a month, and the build-up took 18 months in the protected landmark.