Reported about 15 hours ago
OTB, the Italian fashion group behind brands like Diesel and Jil Sander, is assessing potential price hikes in the U.S. due to possible trade tariffs, with CEO Ubaldo Minelli indicating that an 8-9% increase may be necessary to mitigate the impact on profitability. Other luxury brands, including Hermes and Prada, are also considering similar adjustments. The group is prepared to take brand-specific actions in response to the evolving market conditions.
Source: YAHOO