The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.

This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.

This week, Paper Editor-in-Chief Drew Elliott joins M.A.C. Cosmetics as global creative director, while Dazed magazine names its new fashion director.

The troubled Italian maker of luxury comfort shoes is trying to reverse falling sales and re-energise its brand.

After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.

Both brands have posted double-digit declines in the past six months, lagging behind French rivals LVMH and Kering whose Italian brands Fendi and Gucci are racing ahead.

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.

Chinese tourist spending fell off a cliff for the second consecutive month in April, contributing to the sector’s continued downward rating.