- LVMH APPOINTMENT: LVMH Moët Hennessy Louis Vuitton on Tuesday named Ravi Thakran as group director for India, Southeast Asia and the Middle East. Thakran also will represent Groupe Arnault, the private holding company of LVMH chief Bernard Arnault, and serve as president of Sephora in India and Southeast Asia. He will be based in Singapore. Thakran began his career in marketing at Procter & Gamble in India, worked for Tata, Swatch and Nike in Asia and, in 2001, joined LVMH's Watches & Jewelry division in Southeast Asia. In 2003, he rose to regional managing director of Watches & Jewelry Asia and, last year, added the title of group representative director for India.

- NIKE SETTLEMENT: Nike Inc. will pay $7.6 million to 400 current and former African-American Chicago Niketown employees who alleged in a 2003 class-action race discrimination lawsuit that store managers used racial slurs to refer to black workers and customers, that the store segregated black employees into lower-paying jobs, and that managers made unfounded accusations of theft against black workers and directed store security to monitor black employees and customers. Nike has denied the allegations. As part of the settlement, Nike also must address diversity by appointing a diversity consultant to monitor the Chicago store, a compliance officer at Nike's headquarters in Beaverton, Ore., and an ombudsman at the Chicago Niketown, which must have diversity training for all supervisors and managers.

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