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LVMH HAS ROOM TO RAISE PRICES 2-3%

  • NEWS Desk Global
  • May 28
  • 1 min read



French luxury group LVMH has room to raise prices of high-end products by around 2-3% without likely affecting demand from luxury clients, but it would be difficult to lift prices of cognac or beauty products, company executives said on Wednesday.

"We can increase prices by 2% to 3% per year," deputy CEO Stephane Bianchi told members of the French parliament in a hearing on Wednesday, when asked about his group's ability to offset potential tariffs.

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