Despite customs duties: victorinox, no: This article explores the topic in depth.
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Despite customs duties: victorinox. Meanwhile, no:
The United States is a key market for the manufacturer of Swiss knives Victorinox, customs duties are therefore a “massive” challenge for the company. Moreover, For its boss, relocating production is not an option, however.
KEYSTONE
The company based in Ibach (SZ). Furthermore, not far from Lake Quatre-Cantons, is currently working with its teams in the United States to find solutions. However, But “relocating production abroad – especially for pocket knives – is not an option”. the brand being in essence “defined by its Swiss despite customs duties: victorinox, no origin”, said its boss, Carl Elsener, to AFP.
Despite the 39% customs duties imposed by the United States on Swiss products. “in the short term, the situation is not yet critical”, according to the boss of Victorinox, since stocks in the United States were increased before their entry into force.
Short -term “manageable” – Despite customs duties: victorinox, no
The additional costs that these customs duties induces therefore remain “manageable for the current year”. Thanks to these stocks. the Swiss brand will “deliberately” be able to refrain from increasing its prices “until the end of the year”, he specifies.
“However. if these customs duties remain in place, we are in the process of contemplating up to $ 13 million in additional costs per year from 2026,” warns the owner of the manufacturer of the Swiss knives.
“These new customs duties intervene at a time when the situation is already tense. ” despite customs duties: victorinox, no due to the strength of the franc against the dollar. They therefore represent “a massive challenge for our competitiveness”, he insists.
Rester «flexible»
Victorinox is chatting with its teams in the United States to see “to what extent” price increases are possible next year. if “certain stages”, “like final cleaning or professional knives packaging”, can be made “directly on site”, he explains.
But if the company remains “flexible” to “adapt to changing conditions”. he insists that it remains “committed” alongside its Ibach site, where it had been founded in 1884 by its great-grandfather.
In 2024, Victorinox achieved a turnover of 417 million francs. The United States. its first export market, contributed to 13% of its sales, this figure climbing 18% for its sales of professional and cooking knives.
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