Calida CEO Sees Prices Rising 10%-15% Next Year, Le Matin Says

Calida Holding AG, the Swiss maker of ski underwear and French lingerie, will raise its prices between 10 percent and 15 percent next year because of a surge in the cost of cotton and as its product range evolves, Le Matin Dimanche said, citing an interview with Chief Executive Officer Felix Sulzberger.

The company is looking to open a new store in Lausanne, Switzerland, Sulzberger told the newspaper.

For Related News and Information: Top news on Switzerland: {TOPS} Top news on commodities: {CTOP} On retail: {TNI CONS} On cotton: {TNI COTTON}

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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