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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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.
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DannijoPro names Pat Geraghty CEO after sales quadruple in two years
The new chief executive says he sees a path to hundreds of millions of dollars in annual revenue, though the brand has not disclosed its current sales.
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Polène opens a 1,300-square-foot South Coast Plaza store in California
Customers buying a bag can make a complimentary leather flower charm from offcuts shipped from the brand's Ubrique workshops in Spain.
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Seán McGirr and Veronica Leoni exit McQueen and Calvin Klein
Kering and PVH both said new creative leadership would be named soon, as McQueen cuts its retail network.
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Bespoke Fashion buys the Nick Graham brand from Tharanco Group
The first collection under Bespoke is due by the end of next year, and talks with Graham himself are under way.
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Richemont's reported De Beers bid role wins RBC and Jefferies backing
De Beers' average realized price fell 32% to $105 a carat in the first half, and RBC expects any Richemont stake to be small.
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Brunello Cucinelli raises 2026 forecast to 12% after 10% nine-month sales gain
The Italian cashmere house saw third-quarter revenue climb 13.5% to €374.2 million, lifted by all regions.
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Bruno Pavlovsky resigns from Chanel Ltd board but stays president of fashion
The 63-year-old also chairs French fashion's governing body, and Chanel gave no word on a successor to his seat.
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Campari chairman Luca Garavoglia faces trial call over €1.29bn tax case
Lagfin settled with Italy's Revenue Agency in December 2025 for €405 million in instalments, yet Italian law lets the criminal case run on.
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Public Clothing Co. buys Mansur Gavriel outright for an undisclosed sum
Over 65% of the brand's sales already come direct through its own website.
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Woolrich Europe goes fur-free from January 2027 under new owner BasicNet
New garments with animal fur stop by December 31, 2026, and the brand joins a programme backed by 1,700 fashion names.
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Moody's lifts retail and apparel outlook as $4 billion in tariff refunds land
The agency says the call could turn negative if EBIT falls, and expects a promotion-driven holiday season as budget-conscious shoppers plan ahead.
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Smythe names Canada Goose's Ana Mihaljevic chief executive
Cofounders Andrea Lenczner and Christie Smythe keep creative direction and product vision, while the new chief executive takes operations and growth.
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L'Oréal Travel Retail and Avolta target 10% refillable fragrance by 2030
The plan also adds low-emission transport and CSR training for frontline beauty advisors.
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Galderma to buy ZO Skin Health from Blackstone for $1.5 billion
Galderma expects the deal to dilute its core EBITDA margin slightly in 2027, and plans to spend more on the brand in year one.
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Platform6 buys Milan show agency Without Production for fashion
Founder Gabriella Mazzei, who has staged more than 1,000 events, stays on and becomes a shareholder in the buyer.
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Jonathan Adler opens gifting concept store on Lexington Avenue
The gifting-focused shop is the brand's first in the neighbourhood and third in New York.
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Lugano exits bankruptcy under new owner Middle West Partners and CEO Josh Gaynor
The Newport Beach jeweller has rebranded as Lugano Jewelry, with Gaynor confirmed from his interim role.
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Givaudan's nine-month sales beat forecasts as fine fragrance climbs 15.3%
Fragrance ingredients and active beauty were the weak spot, falling 2.5%, and Latin America was flat.