"Carrefour and Leclerc Boycott PepsiCo Products Amid Price Surge"

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Source: CNN
"Carrefour and Leclerc Boycott PepsiCo Products Amid Price Surge"
Photo: CNN
TL;DR Summary

French supermarket chain Carrefour has ceased selling PepsiCo products, including Pepsi, Lay's, Quaker cereals, and Lipton teas, due to what it calls "unacceptable price increases." The decision follows a period of negotiations and is part of a broader strategy by Carrefour to pressure major consumer goods companies to reduce prices, despite these companies facing increased costs for energy, commodities, and labor. Carrefour's CEO has criticized these companies for not cooperating to lower prices, even as global food commodity prices have dropped. The dispute reflects ongoing tensions between retailers and suppliers, with Carrefour also focusing on expanding its private-label products to offer more affordable options to consumers.

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