Brief by Shorts91 Newsdesk / 12:14pm on 05 Jan 2024,Friday Business
Carrefour, a major supermarket chain spanning France, Spain, Italy, and Belgium, is refusing to sell PepsiCo products, including Pepsi, 7up, Cheetos, and Lay's crisps, in over 9,000 stores. The move is attributed to what Carrefour deems "unacceptable price increases" by PepsiCo. This escalation follows the broader trend of strained relations between European supermarkets and suppliers amid rising costs post-Russia's war with Ukraine. Grocery inflation, particularly pronounced in France, has led to attempts to negotiate with brands. PepsiCo, raising its 2023 profit forecast thrice, pledges ongoing discussions with Carrefour to ensure product availability.
