France's Carrefour Halts PepsiCo Product Sales Over Price Hikes
January 04 2024 - 11:13AM
Dow Jones News
By Mauro Orru
French supermarket owner Carrefour stopped selling PepsiCo
products such as Pepsi-Cola, Doritos and 7Up due to what the group
called unacceptable price increases, the latest tussle between the
grocer and food manufacturers over pricing.
A Carrefour spokesman said Thursday that the group had decided
to add notes to shelves at stores in France explaining that it is
no longer selling eight PepsiCo brands. Notes seen by The Wall
Street Journal show the company is no longer selling Lay's,
Doritos, Benenuts, Alvalle, Lipton, Pepsi, 7Up and Quaker
products.
Consumer prices have been an area of great concern in France,
after food price inflation surged into double digits in 2022 and
reached nearly 16% in March 2023. In December, food inflation was
7.1%. The French government has also criticized major manufacturers
and said it would push them to bring down prices.
Carrefour's announcement on PepsiCo products comes roughly four
months after the retailer began attaching labels to products it
claims are subject to so-called shrinkflation--when the quantity of
a product diminishes in its packaging but the retail price is
unchanged.
Carrefour will also add the notes to stores in Italy, Spain and
Belgium, the spokesman said. He declined to comment further.
PepsiCo didn't respond to a request for comment.
Joshua Kirby contributed to this article.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
January 04, 2024 10:58 ET (15:58 GMT)
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