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LVMH shakes up leadership at Dior, Louis Vuitton
LVMH shakes up leadership at Dior, Louis Vuitton
Business and Economy
by  AFP

French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture. Arnault's five children have top jobs at LVMH. His eldest son, Antoine Arnault, was named CEO of holding company Christian Dior SE, which controls LVMH, in December.

Uniqlo parent company to boost Japan wages up to 40%
Uniqlo parent company to boost Japan wages up to 40%
Business and Economy
by  AFP

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally. The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan.