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.
-
Nike and Simon Property Group are dropped from the S&P 100 Index after an 18-year run
Capri Holdings is also being demoted, dropping from the S&P MidCap 400 into the SmallCap 600 on the same date.
-
Vogue's first September issue under Chloe Malle drops the trend bible for a keepsake
The issue's Botox and jaw-clenching features have left even a longtime subscriber asking what she was reading.
-
Max Mara's debut fragrance, Le Parfum, launches under a long-term Shiseido licence
The woody scent, priced from £104 for 50ml, is the first fruit of a licence Shiseido signed with the Italian house in July 2024.
-
Dr. Martens hires global product leads from Marc Jacobs and Adidas
Both roles are newly created and mark what the company calls a significant investment in design and merchandising talent.
-
Missoni opens a second South Florida boutique, this time inside Aventura Mall
The roughly 1,600 square foot shop stocks the full Missoni Home line alongside ready to wear, a category mix the Miami Design District flagship also carries.
-
Park Hyatt Mexico City Polanco to open in spring 2027 with 155 rooms and 38 suites
The tower also carries 27 private residences from the 19th floor up, in six typologies designed by the same architects.
-
Park Hyatt Comporta is set to open in 2029, bringing the brand to Portugal for the first time
The hotel is planned with 58 rooms and six villas, alongside a separate 80-unit development Coporgest will sell under its own name.
-
Harrods gives its fifth floor to Brand63Africa's African and diasporic designers
The pop-up's curator, Lulu Shabell, says many of the five labels are well known at home but rarely seen on a UK shop floor.
-
Sephora opens a US TikTok Shop with a monthly pilot product drop
The launch pairs the drop with a live shopping event hosted by a celebrity, and Sephora is following Ulta Beauty onto the platform.
-
Amouage raises concentration on Decision 42 and Overture 41, priced at $550
The Omani house names its extraits by oil concentration, a figure most rivals keep hidden behind words like elixir or absolu.
-
Lectra takes a majority stake in Caron Technology after two decades of working together
The deal gives Lectra an option to take full control of the Italian firm by 2029.
-
Saks.com sued over promotional texts sent before 8am, plaintiff says
The plaintiff says his number has sat on the National Do-Not-Call Registry since July 2014.
-
Global Fashion Agenda renews its Chalhoub partnership with no targets disclosed
Chalhoub says roughly 90% of its carbon footprint sits in Scope 3 emissions, and its 2032 reduction goal is now under a business-as-usual shortfall.
-
Icicle names Sabato De Sarno creative director, five months after Kering investment
Bénédicte Laloux stays on as women's design director working under him, while Icicle stays quiet on menswear's Mark van Beek.
-
Swiss watchmakers say Gen Z buyers want emotion, not status, as exports slide
Resale platforms and mid-price rivals from Japan and China are pulling younger buyers away from the traditional Swiss pitch.
-
Poltrona Frau names Giovanni Baldi, ex-Dolce & Gabbana EMEA president, as new CEO
Baldi spent more than two decades at Gucci before moving to Dolce & Gabbana, and he succeeds a chief executive who held the job for ten years.
-
Contemporary and premium brands now make up 31% of department store fashion floors
At Tryano in Abu Dhabi, retailer Chalhoub found its strongest sell-through in pieces priced between €400 and €800, the trade body's report shows.
-
Lululemon leggings sales fall 20% as new CEO arrives to a downgraded outlook
Analysts want incoming chief executive Heidi O'Neill to pause store expansion the moment she starts next week.
-
Brunello Cucinelli opens a 2,800 square metre Paris flagship on Rue Saint-Honoré
The seven-floor store houses a bar, showrooms, private fitting rooms and the brand's Parisian offices.
-
Estée Lauder creates a new luxury beauty president role and hands it to a La Mer veteran
Justin Boxford's expanded role covers Estée Lauder, La Mer, Aerin, Darphin Paris and Lab Series.