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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John Lewis has named Will Kernan as its next managing director,, succeeding Peter Ruis from mid-September as the retailer heads into its busiest trading period.
The retailer taps a former New Look and River Island executive to take over ahead of the crucial peak trading season.
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Louis Vuitton has enlisted make-up artist Pat McGrath and artistic director Nicolas Ghesquière for its first beauty collaboration, putting the Monogram canvas on product packaging for the first time.
The house's La Beauté line will carry its Monogram canvas for the first time, marking a new push in colour cosmetics.
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Ulta Beauty widens its clinical hair-care bet, adding dandruff brand Jupiter and prestige scalp label Nutrire to its shelves.
The retailer is adding a dandruff specialist and a prestige scalp-care brand as it bets shoppers will trade up for solution-based hair treatments.
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Under Armour's leadership is prioritising full-price sell-through over unit volume,, with chief executive Kevin Plank arguing that consumers will choose the brand at a premium despite broader demand challenges.
Chief executive Kevin Plank is steering the sports brand away from volume towards fewer, higher-priced products, wagering that shoppers will pay up even as demand softens.
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Nammos Hotels & Resorts is opening Nammos Ras El Hekma,, its first fully integrated destination in Egypt, developed with Abu Dhabi-based Modon Holding on the North Coast.
The Greek lifestyle and hospitality brand is partnering with Abu Dhabi's Modon Holding on its first fully integrated destination in Egypt.
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Titan's revenue grew roughly 40% in the first quarter of its new financial year,, with its watches business up 21% and eyewear also up 21%, as premiumisation continued across categories.
India's largest watch and jewellery group reported broad-based gains across its portfolio, led by continued premiumisation in jewellery and watches.
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Ralph Lauren's revenue rose 14% in its first quarter,, with North America up 13% and China up 40%, extending a run of strong results.
The brand's first-quarter results show North America and China both accelerating, reinforcing its premiumisation strategy.
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Shiseido's profits jumped 90%, as its turnaround plan showed results, with the Americas and fragrance leading the improvement in the second quarter.
Improved performance in the Americas and a standout fragrance business helped drive a sharp profit jump for the Japanese beauty group.
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Diageo targets $1 billion in savings, after reporting a 2% net sales decline for the year to June and unveiling a $1.2 billion restructuring plan.
Chief executive Dave Lewis is restructuring the Smirnoff and Johnnie Walker owner around cost cuts and a bet on Guinness and ready-to-drink brands.
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Capri Holdings cut its full-year revenue forecast, after first-quarter revenue fell 3.5% on inventory delays at Michael Kors and softer handbag demand.
A quarter of falling revenue and inventory delays at Michael Kors has pushed Capri Holdings to lower its annual guidance.
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Hermès posted a 6% rise in first-half sales to $9.4 billion,, with Americas revenue up 15% as growth accelerated into the second quarter.
The leather goods house posted accelerating growth into the second quarter, underscoring its resilience against a broader luxury slowdown.
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Range Rover wants to be spoken of alongside Bentley and Rolls-Royce, as it expands bespoke commissioning beyond standard special editions.
JLR's Range Rover brand is expanding personalisation and one-off commissioning work as it seeks a seat at the top table of ultra-luxury motoring.
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Analysts split on Birkenstock's momentum, with fiscal 2026 guidance seen as achievable but 2027 growth in question.
Wall Street expects Birkenstock to hit its fiscal 2026 targets but is split on whether rising promotional activity signals a slowdown ahead.
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Puma and Intertop warehouses destroyed near Kyiv, with Puma warning of shortages lasting weeks or months.
Warehouse destruction near Kyiv threatens weeks-to-months of product shortages for Puma and its Ukrainian retail partner Intertop.
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Abercrombie & Fitch looks for a China partner, seeking a more localised route to growth in a market that has punished foreign retailers.
The American retailer, valued at several hundred million dollars for the venture, wants a local partner to navigate a market that has proven difficult for foreign apparel brands.
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Diageo targets $1bn in savings, as Dave Lewis rules out major M&A while operating profit falls sharply.
Sir Dave Lewis's first major move as chief executive is a three-year efficiency programme, not the acquisitions or disposals investors had speculated about.
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Ralph Lauren revenue rises 14%, to $1.96 billion, with Asia and North America both outperforming analyst forecasts.
The group's first quarter of its 2027 financial year shows broad-based strength that outpaces much of the luxury sector's recent slowdown.
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Partners Group nears deal for Aroma-Zone, as Eurazeo prepares to exit and possibly reinvest in the French beauty brand.
The Swiss private equity firm is closing in on the French natural beauty retailer, with Eurazeo potentially selling its stake and reinvesting.
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Louis Vuitton aims to open its Champs-Élysées mega-project in 2027, with chief executive Pietro Beccari calling the goal to create the most extraordinary luxurious complex a constant challenge.
Louis Vuitton chief executive Pietro Beccari has confirmed the brand is working toward a 2027 opening for its large-scale flagship complex on the Champs-Élysées in Paris.
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Aramex returns to profit with record quarterly revenue, posting a 22% revenue rise to AED1.8 billion despite disruption from the Iran war.
Dubai-based courier Aramex returned to profit with its highest quarterly revenue on record, even as the Iran war and Strait of Hormuz disruption weighed on regional trade.