Sorry!! The article you are trying to read is not available now.

Italian Yacht Makers Resist 'Suicide' Price Cuts

Print comment Post Comments
"Italy’s largest yacht makers are resisting the price cuts started by overseas rivals and will target wealthy consumers by offering more services and eco- friendlier vessels," Bloomberg reports. “Whoever is cutting prices heavily is committing suicide,” said Paolo Vitelli, Azimut Benetti Group chief executive officer. "The buyer would probably think you have a product that loses its value quickly” if you resort to price cutting, he said.
SOURCE:   Bloomberg