Negotiations on prices for PepsiCo's products have stalled.
French food giant Carrefour is fed up with price increases from PepsiCo. The company confiscated the products and is throwing them off the shelves, according to the French government rfi news agency.
Food products and soft drinks such as 7Up and Pepsi have now been replaced with stickers saying “Carrefour is committed to lowering prices”.
In October, PepsiCo said the company planned moderate price increases in 2024.
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Radio frequency Carrefour calls price increases from PepsiCo “unacceptable,” he writes.
according to Financial Times (FT) Annual negotiations now take place between grocery companies and French manufacturers. They should be completed at the end of January – two months earlier than usual.
The news agency reported that the authorities demanded that negotiations be completed more quickly so that consumers could benefit from lower prices as food price inflation declines.
This is not the first time Carrefour has taken unusual steps. In September, the chain began labeling products with the phrase “deflation inflation” to warn customers of lower quantities, the Financial Times wrote.
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