Quelle surprise! Handbags at dawn? More like leave my profits alone!
Who knew that multinationals would be so sensitive? Further to the SOYMB post, French food for thought: Still Capitalism, we find the the sensitive souls at corporate Pepsi are upset with the French.
https://socialismoryourmoneyback.blogspot.com/2024/01/french-food-for-thought-still-capitalism.html
‘PepsiCo is insisting that it was the one who initiated an inflation-fuelled contretemps with French grocery giant Carrefour, not the other way around.
Though Carrefour said that it had decided to pull Pepsi products off its shelves in France, Italy, Spain, and Belgium because they were getting too expensive too quickly, the Wall Street Journal reported (Jan. 8) that Pepsi had decided to stop.
“Regrettably, Carrefour has mischaracterised the chain of events,” a PepsiCo spokesman told the paper. “Given the lack of agreement on a new contract, we stopped supplying to Carrefour at the end of the year, something they were aware could happen.”
Carrefour’s terse response: “We, at the Carrefour Group, have taken this decision.”
The whole thing started because French inflation spiked to double digits last year. The French government, which usually mandates that retailers and suppliers in the food business negotiate just how much prices will rise, had to step in and push for more talks.’
https://qz.com/pepsi-to-french-grocer-carrefour-you-cant-fire-me-beca-1851153522?
The MailOnline 20 January , has an article about shrinkflation.
‘From teabags to sausages - how we are paying more money for products that are getting smaller and include fewer expensive ingredients.’
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