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This week at TMI is all about the numbers.
LVMH reported strong half year results, although its DFS business was hard hit by challenges in Macau and Hong Kong. Story on page 1.
The US Department of Commerce reports that the number of international visitors to the United States were still growing at the start of this year (in figures released yesterday), even though the rate of growth was only up by one percent over January 2015. Arrivals from the People’s Republic of China were up a whopping 35%, however. More details on page 1.
Airports: Miami International and Hartsfield-Jackson Atlanta both appear to be on track for another record breaking year of passenger growth, even with the slowdown of travel from South America. Page 2.
Terror on Travel. ForwardKeys reports that the impact of the latest terror attack in Nice, France, was drastic and immediate on travel: daily net bookings for future travel dropped by 57% compared to the same period last year. More, page 2.
Supply Side News:
In a category dominated by single malt whisky, Dewar’s Blended Scotch won four Gold awards at the 2016 International Spirits Challenge. Bottega SpA reports the latest action in its copyright suit against Santro Fratelli. Page 3.
L’Oréal has announced two acquisitions so far this month: U.S. prestige beauty brandIT Cosmetics and the rights to the Société des Thermes de Saint-Gervais-les-Bainsand license to use the Saint-Gervais Mont-Blanc brand. Page 3.
The 2016 Sunglasses Awards are now open for entries, and the winners will be announced in Cannes at the Sunglasses Strategy event on Tuesday afternoon. More details on page 4.