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Story summary
- Ernst Tanner says he will not resign despite the sales slump.
- Lindt shares have fallen more than 25% this year after outlook cuts.
- The company misread German and Swiss reaction to price hikes after cocoa prices hit historic highs since 2024.
- Lindt has begun cutting prices and running discount promotions to revive sales volumes.
- Lindt will not conduct group-wide layoffs.