1546 GMT - Some companies in the luxury industry made mistakes with the degree to which they raised prices, Prada Chief Executive Officer Andrea Guerra says in an interview. During the boom in spending on luxuries that started after the peak of the pandemic, high-end luxury brands fed cashed in by raising prices. The biggest increases were seen in leather goods, with some names raising prices of selected pieces as much as 50% to 100% over the period, according to a report by McKinsey & Co. "I'm not a fan of price increases," Guerra says. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 07, 2025 10:46 ET (15:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。