Arrr, me hearties! Word be spreadin' that Carrefour be castin' off PepsiCo's treasure trove o' goods. Price hikes be the scoundrel to blame!
2024-01-05
Avast ye mateys! Carrefour, thar mighty supermarket company, be shoutin' from thar crow's nest that they be cuttin' ties with PepsiCo, claimin' them scallywags be raisin' their prices to the heavens! Arrr, it be a fierce battle on thar high seas of commerce!
Global supermarket chain Carrefour has decided to stop selling PepsiCo products in its stores in France, Belgium, Spain, and Italy due to price increases. Carrefour removed the PepsiCo products from its shelves in France and put up signs explaining the decision. This move comes as a result of a new French law that aims to combat the rising cost of living and imposes fines on supermarkets that do not reach pricing agreements with suppliers. The ban on selling PepsiCo products will also extend to Belgium, Spain, and Italy, although Carrefour did not specify when it would take effect in those countries. Currently, PepsiCo products are still available in Rome and Barcelona. PepsiCo has stated that it has been in discussions with Carrefour for many months and will continue to work towards ensuring its products are available. PepsiCo has been raising prices for its products for several quarters, leading to a drop in sales as consumers opt for cheaper brands. The company attributes the price increases to higher costs for ingredients such as grain and cooking oil. While global food prices have fallen, prices for sugar and rice have increased. Carrefour's decision to stop selling PepsiCo products may influence other retailers to do the same, and other big brand names could be targeted in the future.