Must Read: Cara Delevigne Lands First Solo 'Vogue' Cover, Richemont Exec to Sell Stake in Yoox Net-a-Porter

And U.S. companies are increasingly sourcing manufacturers outside of China.
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And U.S. companies are increasingly sourcing manufacturers outside of China.

A stake in Yoox Net-a-Porter is for sale
Richemont Chairman Johann Rupert is seeking to sell his stake in Yoox Net-a-Porter. Kering SA, Giorgio Armani SpA and Moncler SpA, all of which are based in Milan, are seen as likely buyers after Burberry and LVMH Moet Hennessy Louis Vuitton SA passed on the opportunity. {Bloomberg}

U.S. companies are increasingly sourcing outside of China
As Chinese production and labor costs increase, American brands are looking to locations outside of China, namely in Vietnam, India and Indonesia. U.S.-based companies are not completely moving out of China, however, because the Chinese still have a strong lock on the textile and manufacturing sectors. Rather, American companies are diversifying where they do business and some are even considering moving some operations back to the U.S. {Quartz}

Cara Delevigne covers Vogue solo
Burgeoning supermodel Cara Delevigne has landed her first solo Vogue cover. In the lead-up to the July 24 release of "Paper Towns," the model turned actress opened up about depression, addiction and contemplating suicide. The cover was shot by Patrick Demarchelier and styled by Tonne Goodman. {Vogue}

Tim Blanks profiles Burberry's Christopher Bailey
The venerable Tim Blanks profiled Burberry CEO and Creative Director Christopher Bailey, the man who "created the DNA for Burberry as we know it today," for WSJ magazine. Blanks details his rise to success, his ability to juggle creative direction and corporate growth, and how he leverages digital savviness within a more-than-century-old heritage house. {WSJ

Hilary Rhoda, Sean Avery launch swimwear capsule
Hilary Rhoda and her fiancé, former NHL star Sean Avery, designed a capsule collection of his-and-hers beachwear for swimwear brand Solid & Striped. The eight-piece collection includes swimsuits, hoodies and unisex oxfords in neutral colors, available now on Solid & Striped's website for $138 to $198. {Vogue}

Italian police crack down on online counterfeiters
Italian authorities have shuttered 410 websites selling fake luxury goods and raided counterfeiters in 11 Italian cities. At a press conference held in Rome, Italian authorities said that 15 online counterfeiters are currently under investigation. {Reuters}

Former Gap employee shares her experience
It's a love story gone sour. Following Monday's announcement that Gap will close 175 stores and eliminate 250 corporate jobs, one former Gap sales associate decided to detail her seven years as an employee at the retailer. In the beginning, all was well. "[Then] the Great Recession of 2008 hit. Everything changed and the party was over. The sales floor was empty of customers, and our big white shelves gathered dust where a bulging sweater inventory used to sit," she writes. {Racked}