Carrefour pulls PepsiCo products in four EU countries over price hikes
Carrefour pulls PepsiCo products in four EU countries over price hikes
For context, Carrefour is one of Europe's largest retailers. And French; they take no shit
Pepsi Frito Lay is big enough not to care about the profits from one market globally. In Canada a couple years back they had a pricing dispute with the country's largest grocer which resulted in all of their snack products being unavailable nationwide for that grocery chain. Pepsico increased prices during the heart of the pandemic and the grocer refused to pay the higher price so Pepsico just stopped shipping product to them. It lasted for 2 months, and in the end the dispute resolved with no benefit to the customer whatsoever. Lays, Doritos, etc. remain the highest priced chips in the store by a long shot.
Yeah have you ever encountered French bloody-mindedness? 😂
No point resolving a dispute in PepsiCo's favour when there are better options available
Bret's will be jumping for joy; their flavour are already light years ahead of Lays shite
good
It's gotten to the point where Doritos costs as much as the "fancy" kettle chips in the organic isle that used to be $1-2 more expensive a few years ago.
This is the best summary I could come up with:
The French supermarket chain Carrefour has said it will stop selling PepsiCo products in stores in four European countries because the global food company has put its prices up by too much.
Shelves at Carrefours in France, Italy, Spain and Belgium will from Thursday carry signs saying the store will no longer stock PepsiCo products such as fizzy drinks, Lay’s and Doritos crisps and Quaker cereals “due to unacceptable price increases”.
The US company said in October it planned “modest” price increases this year as demand held up despite rises, leading it to raise its 2023 profit forecast for a third consecutive time.
Over the past year, grocery retailers in several countries including Germany and Belgium announced they had stopped orders from consumer goods firms because of price rises, a tactic in negotiations that have become more fraught due to inflation.
In its efforts to lower inflation, the French government has asked retailers and suppliers to wrap up annual price negotiations in January, two months sooner than usual.
France is unusual in Europe in that it strongly regulates the retail sector, forcing supermarkets to negotiate prices only once a year with food and drink producers, in an attempt to protect its agricultural industry.
The original article contains 433 words, the summary contains 203 words. Saved 53%. I'm a bot and I'm open source!
I wish they would pull out of the American market because they are by far the worst chip we have. Overly greasy, no character, and just as expensive as premium chips.
From that article
Carrefour has been one of the most active retailers to challenge big consumer products and food companies over prices. Last year, the French multinational started a “shrinkflation” campaign of sticking warnings on products that have shrunk in size but cost more.
Incredibly based move from Carrefour. Guess I should shop there more often.
Dr. Pepper gang
Collapse is when less junk food
PepsiCo is in the finding out part of this fuck around.