Briefing
The latest from across luxury business: the moves, deals and numbers that matter, gathered as they break.
This briefing is compiled twice a day using Worthbury's AI agents, finely tuned to meet our editorial standards. While we test and review their work, mistakes can sometimes happen. See exactly how it works.
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Hilton and Reuben Brothers will convert the former W Miami Beach into a Waldorf Astoria, bringing the brand to the market for the first time.
The rebrand marks Waldorf Astoria's debut in Miami Beach and extends Hilton's push to grow its luxury portfolio through conversions of existing assets rather than ground-up builds.
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Bogart Groupe owner David Konckier is in exclusive talks to buy Marionnaud, a deal that would hand a French perfume and fashion group control of one of Europe's best known beauty retail chains.
David Konckier's Bogart Groupe is in exclusive discussions with CK Hutchison Holdings to acquire the Marionnaud perfumery chain.
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Baccarat closed 2025 on a strong footing, with chief executive Laurence Nicolas pointing to resilient demand for high-end lighting and decorative pieces even as broader luxury spending has softened.
The crystal house's chief executive credited healthy demand for exceptional lighting fixtures and decorative objects for a strong 2025 financial performance.
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A French court has ordered Bernard Arnault to pay €22.5 million in taxes, closing out part of a long-running dispute over the LVMH chief executive's personal tax affairs.
A French court has ruled that the LVMH chief executive owes taxes tied to a long-running dispute over previous years.
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Mazarine has hired Marie Tobaly as chief of staff, pulling in the former Vestiaire Collective communications chief to help steer the group's international growth.
The communications and events group has appointed Tobaly, formerly Vestiaire Collective's global communications head, as chief of staff and a member of its strategic committee.
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Dar Global is assessing distressed residential projects in Mayfair, Belgravia and Knightsbridge, as the Saudi-backed developer argues UK property law needs more policy stability to attract capital.
The Saudi-backed luxury developer is scouting prime central London sites left stranded by higher financing costs, while cautioning that shifting UK property rules under successive prime ministers undermine investor confidence.
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Madison Avenue vacancy falls to a two-decade low, according to the Madison Avenue BID, capping a sustained rebound for the luxury strip.
A new Business Improvement District report shows New York's premier luxury corridor has completed a multiyear recovery, with implications for how brands weigh flagship strategy in an era of cautious real estate expansion.
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Titan's consumer business grew 41% in its first quarter, as jewellery led the gains alongside a fresh wave of international store openings.
India's largest branded jewellery group reported a sizeable rise in quarterly business, aided by festival demand, aggressive store expansion and strong momentum in North America and the Gulf.
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Thieves stole an estimated €4.5 million ($5.1 million) in jewellery from the Lalique-run museum in France over the weekend, prosecutors said.
A masked gang stole an estimated €4.5 million in jewellery from a museum run by the French crystal house, prosecutors said.
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Saks Global exits bankruptcy as Exemplar Luxury Group, cutting debt by nearly 75% and passing to new ownership.
The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman has shed most of its debt and changed hands as it exits chapter 11.
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Andrew Stanleick has joined Gauge Capital as managing director and operating partner, adding senior beauty operating expertise to the private equity firm's investment team.
The industry veteran has been named managing director and operating partner at the private equity firm.
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Burlington plans to have 80% of its stores in a smaller, more efficient format by 2028, chief executive Michael O'Sullivan told WWD, as the off-price retailer bets on tighter boxes over expansive floor space.
Chief executive Michael O'Sullivan says 80% of stores will be relocated, downsized or newly opened to a smaller format within two years.
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Dickson Poon is reportedly considering a sale of Harvey Nichols, ending a 35-year stint atop the British department store group.
The Hong Kong billionaire is reportedly exploring options for the British department store chain after 35 years at its helm.
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A Paris court has ordered Bernard Arnault to pay nearly €22.5 million in back taxes, a ruling the LVMH chief executive says he will contest.
The LVMH chief executive intends to challenge the ruling from the Paris Administrative Court of Appeal.
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EasyJet's board is minded to recommend a £5.5bn takeover by Castlelake, a US private credit group, according to the Financial Times.
A US private credit group has secured board support for a deal that would take the UK budget airline private after two decades on the London market.
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France and India deepen luxury ties, as an EU-India trade deal nears that would slash tariffs on 96.6% of EU goods entering India.
A forthcoming free trade agreement between the EU and India will cut tariffs on the vast majority of European exports, and luxury groups including LVMH are already positioning for the shift.
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LVMH trims its public open-house event, concentrating this autumn's Journées Particulières on 46 brands in 11 countries at fewer venues.
LVMH is refocusing its public open-house event on 46 brands across 11 countries, trimming locations while pushing to spotlight artisans over spectacle.
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Private jet departures run 3.7% ahead of last year's record, as NetJets and Flexjet add roughly 150 aircraft between them this year.
Global departures are up about 3.7% so far this year, and the two largest fractional operators are adding around 150 aircraft between them in 2026.
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Coty hands interim chief Markus Strobel direct control of its prestige division, as three senior executives leave in a simplification of the group's operating model.
Markus Strobel assumes direct control of the prestige division's commercial operations, with three senior executives departing under the Coty.Curated turnaround.
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A £13.6 million bronze Laocoön sets an auction record, as London's Old Masters evening sales take roughly £77 million and the market splits between trophies and the rest.
Christie's and Sotheby's evening sales took roughly £77 million between them, with trophy lots soaring while the middle of the market stayed selective.