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Natuzzi increasing prices

By Furniture Today Staff -- Furniture Today, March 21, 2004

HIGH POINT — HIGH POINT — Italian upholstery maker Natuzzi will implement a 5% price increase April 3 in the United States and Canada, a response to the strengthening euro.

The increase, which follows a 5% price hike in November, applies to Natuzzi-branded product only. The company's promotional Italsofa line is unaffected.

"We have done everything possible in terms of reducing manufacturing costs and operating expenses to offset the average 25% to 27% swing between the U.S. dollar and the euro," said Fred Starr, president and CEO of Natuzzi Americas.

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