The Texas factory for luxury and designer goods company LVMH is "'significantly' underperforming other facilities," a report by Reuters says. The company operates a Louis Vuitton factory on the ...

President Trump, flanked by the chairman and CEO of LVMH, Bernard Arnault, speaks during a visit to the new Louis Vuitton factory in Alvarado. NICHOLAS KAMM / AFP via Getty Images More of Louis ...

Six years ago, LVMH’s billionaire CEO Bernard Arnault and President Donald Trump cut the blue ribbon on a factory in rural Texas that would make designer handbags for Louis Vuitton, one of the world’s ...

PARIS -LVMH's CEO Bernard Arnault plans to open a second factory in Texas, he said on Thursday, while the luxury group is anticipating a good outcome soon from trade talks between the U.S. and Europe.