Bloomberg Amazon.com Inc plans to shut down three of its UK warehouses this year in an operation that will impact about 1,200 employees. Hemel Hempstead, Doncaster and Gourock will shut this year, making way for two new fulfilment centers, Amazon said in a statement. The new sites will ultimately create 2,500 jobs and employees at the affected warehouses will …

  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 …