Home / Knowledge / News / Textiles / SVP to raise prices on its SINGER, HUSQVARNA VIKING & PFAFF products

SVP to raise prices on its SINGER, HUSQVARNA VIKING & PFAFF products

30
Sep '08
SVP Worldwide, owner of SINGER, HUSQVARNA VIKING, and PFAFF sewing machine brands, announced it will increase prices on a global basis across the majority of its product portfolio and after sales products. Price increases will range between 5-10% on lower-priced products and between 3-5% on higher-priced products. Specifics will vary on a country-by-country and product-by-product basis.

“SVP Worldwide, like many global manufacturers, has been hit with significant cost increases ranging from energy to raw materials, packaging to transportation, and labor to currency exchange pressures,” said Don Fletcher, CEO of SVP Worldwide. “These pressures have reached a point where internal cost and expense control initiatives can no longer offset these escalating costs.”

Doing business in over 190 countries, the SINGER, HUSQVARNA VIKING and PFAFF mechanical, computerized, and embroidery machines and after sales products will experience a price increase.

“SVP Worldwide is proactively working with suppliers, monitoring the industry, and examining all expenditures to minimize costs for sewers around the world,” said Brad Hunsaker, Global Vice President of Sales and Marketing for SVP Worldwide. “The entire SVP Worldwide family remains committed to deliver outstanding value and quality to its customers, dedicated partners and loyal sewers.”

Price increases will be implemented effective January 1, 2009.

SVP Worldwide


Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search