"Carrefour Drops PepsiCo Brands Amid Soaring Prices"

Carrefour, one of the largest supermarket chains globally, has removed PepsiCo products from its stores in several European countries due to what it calls "unacceptable price increases." This decision affects popular items like Doritos, Lays, Pepsi, and 7-Up, among others. The move highlights the ongoing tension between retailers and food producers over rising prices amidst food inflation, particularly in France. Carrefour has accused manufacturers of keeping prices artificially high, while PepsiCo acknowledges the discussions with Carrefour and intends to continue negotiations in good faith. Despite the price increases, PepsiCo's revenue has grown, driven by these higher prices, even as their stock has slightly underperformed compared to the broader market.