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Fast Retailing’s apparel chain joins Russia exodus in reversal

Bloomberg Fast Retailing Co’s Uniqlo apparel chain said it will temporarily suspend operations in Russia, joining a growing list of global companies in curtailing their activities in the country after its invasion of neighbouring Ukraine. The move is a reversal after Fast Retailing founder Tadashi Yanai said clothing is a “necessity of life” and that Russians have “the same right ...

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John Lewis resumes bonus payout amid turnaround

  Bloomberg John Lewis Partnership Plc said it will once again pay employee bonuses as the UK retailer’s turnaround efforts start to show small signs of progress. The department store group, which also owns the Waitrose supermarket chain, said that a return to profit on an underlying basis means it will reinstate the payout, which was suspended last year for ...

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Airports may be disrupted as union calls walkout in Germany

  Bloomberg Airport services and flights across Germany are likely to be affected on Monday after a union called for an all-day walkout over a pay dispute for security personnel. The Verdi union said it’s calling for protest action at Berlin-Brandenburg Airport by security staff working in passenger screening, and personnel and goods control. The walkout is part of nationwide ...

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