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Carrefour ousts PepsiCo over price hikes in Europe: WSJ
The Business Guardian
|January 06, 2024
Carrefour, one of the world's largest supermarket chains with a significant presence in more than 30 countries, has announced its decision to stop selling several PepsiCo products in France, Italy, Spain, and Belgium.
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According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as unacceptable price increases by PepsiCo, marking a rare public standoff between a major grocer and a food giant amid a prolonged period of rising prices globally.
The affected products include popular items like Lay's, Doritos, Cheetos chips, Benenuts snacks, Alvalle gazpacho, Lipton teas, Pepsi, 7 Up soft drinks, and Quaker foods.
Carrefour plans to add notes to store shelves, explaining the changes to its customers. The decision to drop these products follows months of discussions between Carrefour and PepsiCo.
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