Carrefour to Stop Selling PepsiCo Products in Several Countries Over Price Increases
In a move to combat rising costs for consumers, global supermarket chain Carrefour has announced that it will no longer be selling PepsiCo products in its stores in France, Belgium, Spain, and Italy. This decision comes as a new French law aims to fight the increasing cost of living and puts pressure on supermarkets to reach agreements with suppliers on prices by the end of the month.
Carrefour has already removed PepsiCo products from its shelves in France and has added signs in stores explaining the reason for the change. The ban will also extend to other countries, but the company has not yet announced when it will take effect.
PepsiCo has responded to the decision, stating that they have been in discussions with Carrefour for several months and will continue to work towards making their products available in the stores. However, the company has faced criticism for consistently raising prices for popular items like Lay’s potato chips, Quaker Oats, Lipton Iced Tea, and Pepsi soda.
The decision by Carrefour to stop selling PepsiCo products is a rare move, but not unprecedented. In 2022, Kraft Heinz stopped supplying British retailer Tesco with some of its items for a week due to a pricing dispute. This showdown between the two big brands also raises questions about customer loyalty and whether consumers will remain loyal to their preferred brand or store.
Rising Costs and Consumer Demand
PepsiCo has attributed their price increases to higher costs for ingredients like grain and cooking oil. These costs surged following Russia’s invasion of Ukraine, but have since fallen on global markets. However, the relief
