Bloomberg Uniqlo clothing brand owner, Fast Retailing Co, will raise annual pay for full-time employees in Japan by 40%, seeking to retain and motivate staff as the nation faces the fastest pace of inflation in decades. The plan will cover workers at headquarters as well as in stores, the retailer said in a statement. The wage hikes will impact ...

  Bloomberg Bernard Arnault named his daughter Delphine to run LVMH’s second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children to key posts in his luxury empire. The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice ...

  Bloomberg Procter & Gamble Co. (P&G) agreed to acquire Mielle Organics, a beauty company that makes products for textured hair. Mielle will operate as an independent subsidiary of P&G Beauty and will continue to be led by husband-and-wife duo Monique and Melvin Rodriguez, who founded the company in 2014. The companies didn’t disclose terms of the deal. P&G Beauty’s ...