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 …

  Bloomberg Budget frozen food retailer Iceland Foods is reducing the amount of chilled food it sells to try to lower the business’s energy bills. The supermarket chain is stocking more room-temperature products instead of chilled, Chairman Richard Walker said in a phone interview. Iceland is also using more modern fridges, putting doors on warehouse fridges and putting solar panels …