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☆ Florida braces for Haitian migrants influx, Gov. Ron DeSantis deploys military personnel
▼ + stars: | 2024-03-17 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +7 min

Ron DeSantis, a Republican, to deploy more than 250 law enforcement officers and soldiers to the Florida Keys to “protect our state” and stop a possible surge of Haitian migrants fleeing the violence. The deployment includes officers from the Florida Department of Law Enforcement, the Fish and Wildlife Conservation Commission officers, and members of the Florida National Guard and Florida State Guard. The US Coast Guard said Tuesday that it had repatriated 65 migrants to Haiti after they were picked up on a boat near the Bahamas. Since October 1, the Coast Guard said, it has repatriated 131 migrants to Haiti. The Coast Guard said it has not seen an increase in migrants from Haiti in recent weeks.

Persons: Eliantes Jean Jacques, Jean Jacques said, Prince, Jean Jacques, “ I’m, ”, “, Ron DeSantis, Tessa Petit, Petit, ” Petit, DeSantis, –, Gepsie Metellus, Sant, Guerinault Louis, Ariel Henry, Santo, Henry, Haiti’s, Jovenel Moïse, who’s, Dotie Joseph, ” CNN’s Caitlin Stephen Hu, David Culver, Evelio Contreras, Tara John, Carlos Suarez, Denise Royal Organizations: CNN, Gov, Republican, Florida Immigrant Coalition, Florida Department of Law, and Wildlife Conservation, Florida National Guard, Florida State Guard, US Coast Guard, Coast Guard, The Coast Guard, Haitian Neighborhood Center, Anadolu, Getty, Kenyan, Residents, United Nations, Democrat, North Locations: Haitian, Florida, Port, Haiti, North Miami, ”, Dominican Republic, Bahamas, Santo Domingo

☆ This South African skydiver’s expertise attracts attention from around the world – including Hollywood
▼ + stars: | 2023-11-03 | by ( Daniel Renjifo | ) edition.cnn.com time to read: +1 min

CNN —Jean Jacques “JJ” Wallis spends a lot of his time searching for his next extreme adventure in his home country of South Africa. But as a professional skydiver, BASE jumper, and wing flyer, adventure usually finds him first. Wallis founded BASE Jump Africa in 2017, an online community where adrenaline junkies and fellow international air sports professionals go looking to connect with him for his expertise. He recently assisted with parachutes on the “Mission: Impossible” film franchise with actor Tom Cruise. “Man has always been intrigued by seeing the world from a different perspective,” he says.

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☆ LVMH shares lose recent lustre as China takes margin toll
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 27 (Reuters) - LVMH (LVMH.PA) shares, which hit a record high earlier this month, fell on Friday as some analysts aired disappointment at the company's margins, taking some of the shine off a fourth-quarter sales rise. However, some analysts focused on its flat margins. "The slight wrinkle is on the margin, where the group delivered a flat operating margin year-on-year (versus consensus of +90 bps) – largely a reflection of maintaining/raising H2 marketing spend despite disrupted revenue growth," Credit Suisse analysts wrote in a note. The division's profit from recurring operations came to 660 million euros for the year, a fall of 3%. Reporting by Mimosa Spencer; Editing by Silvia Aloisi, Benoit Van Overstraeten and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ LVMH's resilience gives luxury shares a boost amid economic gloom
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

"LVMH's 3Q22 print will likely reassure on the health of the high-end consumer in the run-up to the festive season," said Thomas Chauvet of Citi. He said he had seen no signs that lower product categories were underperforming -- a category that has been closely eyed for signs of weakness. Analysts have been on the look out for signs of weakness in more aspirational products as younger shoppers face rising living costs. Guiony flagged a strong performance in watches -- luxury products that tend to do well in an inflationary environment because they hold their value. Hermes and Kering (PRTP.PA) report third quarter sales on Oct. 20.

☆ Sales at the world's largest luxury brand jump on strong demand
▼ + stars: | 2022-10-11 | by ( ) www.nbcnews.com time to read: +2 min

French luxury goods giant LVMH beat market forecasts in the third quarter, posting a sharp rise in sales as wealthy shoppers splashed out on fashion and Americans in Europe made the most of the strong dollar. The world’s biggest luxury group, home to fashion brands such as Louis Vuitton and Dior, got an added boost from improved business in China as COVID-19 curbs eased. The group’s fashion and leather goods division led the jump in sales with a 22% increase on the same period a year ago. The third-quarter results for LVMH, which also owns Sephora and Bulgari, kicks off earnings season for the industry. Rivals Hermes and Gucci owner Kering will both report sales for the three months on Oct. 20.

☆ CEOs send mixed signals about consumer spending as split emerges between income levels
▼ + stars: | 2022-07-26 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

If the signals you're getting about the U.S. consumer seem mixed, there could be a very good reason for that: They are. In recent earnings conference calls, CEOs have been presenting more evidence that consumer spending patterns are bifurcating. Despite rampant inflation, the high-end consumer is remaining strong, but the low-end consumer is starting to buckle under the pressure. That comment came after the company, which owns brands such as Louis Vuitton and Tiffany, reported earnings Tuesday. On Tuesday, the company reported better-than-expected profit growth as price increases on its menu helped offset rising costs.

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