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French luxury group LVMH has room to raise prices of high-end products by around 2-3 percent 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 percent to 3 percent 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.
Citing the…
