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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Trip.com Group rewrites hotel ranking rules after $770 million China antitrust fine
The penalty pushed the travel platform to a quarterly loss, and it is now betting on inbound international travellers to offset the domestic disruption.
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Michael Murray named Hugo Boss supervisory board chairman, replacing Sturm
The Frasers Group chief executive was already a supervisory board member, elected in May 2025, before taking the top seat.
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LuxExperience swings to profit for its fourth quarter and full fiscal year
Chief executive Michael Kliger says the group already expects a further margin jump this year, with adjusted EBITDA rising to 2% to 3%.
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Accor turns to acquisitions in India after its Treebo partnership collapses
The group still wants 300 Indian hotels by 2030, and an acquisition is now its fastest route to the small-city scale Treebo was meant to deliver.
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Macy's and Capri Holdings CEOs update investors on turnaround progress at Goldman conference
Capri's John Idol warned the coming quarter will be the most painful yet for full-price sales at Michael Kors as clearance inventory is cut in half.
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Liberty opens a second jewellery hall as fashion jewellery sales climb 20%
The new Fashion Jewellery Gallery houses 37 brands, 11 of them exclusive to Liberty, on the first floor beside designer womenswear.
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Debenhams Group sells Nasty Gal to White Space Group for $16 million
The New York brand management firm also co-owns Von Dutch and Allbirds, and its founder says another acquisition could follow within weeks.
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DSW to pilot The Edit, an affordable-luxury shop-in-shop, at four stores this fall
The pilot follows a quarter in which Designer Brands' owned brand portfolio grew nearly 18% while retail traffic softened.
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JD Sports names John Mersho CEO of JD North America as sales decline
The move follows John Hall's retirement after four decades in retail and a 4.5% sales decline in JD's largest region.
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Autry names Golden Goose veteran Danilo Piarulli as CEO to drive international push
The Italian footwear brand posted 150 million euros in sales last year and wants direct-to-consumer sales, currently 34%, level with wholesale within three years.
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Prada opens eight-floor Galleria flagship fusing retail, hotel-style hospitality and art in Milan
The project links the brand's men's and women's stores through a new underground passage and puts a permanent Prada museum above a 1824 pastry shop.
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Louis Vuitton's China sales slide after Molly Tea trademark backlash
The trip by chief executive Pietro Beccari to assess the fallout is now expected to delay his planned handover to deputy Damien Bertrand.
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China's listed apparel makers split into winners and laggards in H1 2026
Four premium brands posted gross margins above 65% while legacy casualwear names saw profits fall even as revenue grew.
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Stephan Sturm steps down as Hugo Boss chairman as Frasers Group tightens its grip
Frasers has won a second seat on the supervisory board as part of the departure terms, with Michael Murray joined by company secretary Robert Palmer.
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L.L. Bean reopens its Freeport flagship after a seven-year, $50 million renovation
Chief executive Greg Elder says the store, open around the clock every day of the year, still draws more than 3 million visitors annually.
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Rent the Runway names Nordstrom veteran Paige Thomas as chief executive
The move comes as the rental company reports revenue up nearly 21% and a net loss cut by more than half.
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RH opens its first freestanding RH Estates Gallery in Greenwich, betting on classic design over modern
Chairman and chief executive Gary Friedman says the classic design concept will grow to half of RH's assortment within five years.
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McLaren tells retailers it is pivoting from performance maker to luxury lifestyle brand
The redesign follows McLaren's decision last year to create a chief creative officer role under David Woodhouse.
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Space NK names Emma Simpson-Scott CEO as Andy Lightfoot steps down after ten years
Two more senior hires, in finance and ecommerce, land alongside the top change at the Ulta Beauty owned chain.
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Caudalie Group buys skincare brand Talm in its first-ever acquisition
Talm founder Marion Keller stays on as chief executive as the brand moves into Caudalie's Paris headquarters.