Major European Supermarket Chain Carrefour Halts Sales Of PepsiCo Products Over Price Hikes
  • 4 months ago
Carrefour, one of the world's biggest supermarket chains, will stop selling Pepsi, Doritos, and other PepsiCo products in France, Italy, Spain, and Belgium to protest what it calls unacceptable price increases from PepsiCo. The move represents a rare public standoff between a major retailer and food producer after over two years of rising consumer prices. In France, food-price inflation hit double digits in 2022, peaking at nearly 16% in March 2023, while December saw a 7.1% year-over-year increase in food prices, leading to government criticism of manufacturers and calls for price reductions.
Recommended