"Carrefour Drops PepsiCo Brands Including Lay's Amid Price Hike Dispute"
TL;DR Summary
Carrefour, a major global grocery chain, is removing PepsiCo products like Lay's and Doritos from its stores in France, Italy, Belgium, and Spain due to price increases. This decision reflects Carrefour's commitment to keeping prices low for consumers amidst rising food costs in Europe. PepsiCo, which relies on Europe for a significant portion of its revenue, is in ongoing discussions with Carrefour to resolve the issue. The move aligns with Carrefour's strategy to boost its private label sales, which are expected to represent 40 percent of its food sales by 2026.
- Carrefour pulls Pepsi, Lays, Lipton from shelves because of high prices - The Washington Post The Washington Post
- European supermarket giant pulls PepsiCo products due to high prices MarketWatch
- Supermarket drops Pepsi over prices LinkedIn
- Supermarket Giant Drops Pepsi and Lay's Over Price Increases The Wall Street Journal
- French supermarket Carrefour pulls Pepsi from shelves over rising prices CNN
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