Lindt Chairman Says Price Hikes Misjudged as CEO Ousted
Lindt & Sprüngli’s executive chairman said the chocolate maker misjudged consumer response to price increases. The remarks came days after the company ousted its CEO over performance concerns.
Lindt & Sprüngli BX:LSPN has struggled because it misjudged how consumers would respond to price increases, the chair of the Swiss chocolate maker said, days after the company ousted its CEO over concerns about its performance.In an interview with the NZZ am Sonntag newspaper, Executive Chairman Er…