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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Nike hires Walmart veteran as commercial chief, reviving a role it cut
The appointment of Jane Ewing to oversee both direct-to-consumer and wholesale marks a reversal of Nike's earlier decision to eliminate the position, underscoring the difficulty of balancing its own stores against retail partners.
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Tod's gets ahead of EU rules with digital product passport
The Italian leather goods house has launched a digital product passport with Renoon, moving early on regulation that will reshape how luxury goods are traced and sold.
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Ulta Beauty raises forecasts as prestige beauty demand holds firm
The specialty beauty retailer posted stronger than expected second-quarter results and lifted its full-year guidance, underlining the resilience of premium beauty spending even as broader retail softens.
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Old Navy chief departs as Gap Inc leans on Gap brand's revival
Gap Inc reported softer second-quarter sales and a leadership change at Old Navy, even as the core Gap brand's turnaround continues to outperform within the portfolio.
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Levi Strauss files opposition against House of Levii over trademark infringement
The denim group is moving to block a smaller label it says trades on the visual and naming similarity to its own brand, underscoring how aggressively legacy fashion houses now police adjacent trademarks.
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Nike hires Walmart executive as chief commercial officer, months after cutting the role
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 cuts guidance as sales slide continues
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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ADQ unit moves to take AD Ports fully private
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 takes majority stake in Drake's OVO
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 CEO André Maeder sets out his strategy for the department store
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 turns to Zeng Fanzhi to push art-led collectibles into new territory
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, whose dots redefined luxury collaborations, dies at 97
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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Taj parent IHCL moves to take full control of Oriental Hotels
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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Swatch wins $11.6 million from Samsung over copied smartwatch faces
A London court found Samsung unlawfully hosted copied watch face designs from luxury brands on its smartwatch platform.
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Italicus founder steps down as Pernod Ricard takes full control
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 revenue slide continues despite turnaround talk
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 pulls a Balenciaga executive into its beauty command structure
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 takes back Thirteen Lune and pushes into South Africa
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 bets on its own prestige beauty studio after the Ulta split
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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Soaring gold prices push Indian households to sell old jewellery
Record gold prices are driving a wave of household jewellery liquidation in India, pulling a traditionally informal trade into organised retail.