European supermarket chain Carrefour is removing PepsiCo products from store shelves because of what it says are “unacceptable” price hikes.
It’s an issue that other major firms within the industry have taken issue with as well.
Based on multiple reports, the chain, which has over 12,000 stores worldwide, began clearing PepsiCo’s Pepsi and seven Up sodas, Lipton tea and Quaker foods, in addition to its Doritos and Lays chips from shelves in France, Italy, Spain and Belgium.
A spokesperson for the supermarket chain told The Wall Street Journal that it added warning notes on its shelves explaining the rationale behind the change.
Carrefour already issued concerns concerning the cost of food products and added price warnings in September to pressure manufacturers to cut back their costs.
The corporate added labels to the products that said: “This product has seen its volume or weight fall and the effective price by the supplier rise.”
European supermarket chain Carrefour is removing PepsiCo products from store shelves because of what it says are “unacceptable” price hikes. REUTERS
In a recent LinkedIn post, Michel-Edouard Leclerc, the CEO of rival supermarket chain E. Leclerc, also issued public grievances over the price hikes from suppliers.
“We must subsequently persuade in the approaching month all these major suppliers who made the error of accelerating their prices an excessive amount of, to lower them now, or to moderate them,” Leclerc said, in response to an English translation of his post. “We must return to more reasonable, more transparent, and higher opened up impacts of their costs.”
Based on multiple reports, the chain, which has over 12,000 stores worldwide, began clearing PepsiCo’s Pepsi and seven Up sodas. Christopher Sadowski
The corporate told the Journal that it has been in talks with Carrefour for several months and is engaging in “good faith” to attempt to be sure that its products remain available.
PepsiCo didn’t reply to FOX Business’ request for comment.
