"Carrefour Drops PepsiCo Snacks Including Doritos and Lay's Amid Price Dispute"

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Source: CBS News
"Carrefour Drops PepsiCo Snacks Including Doritos and Lay's Amid Price Dispute"
Photo: CBS News
TL;DR Summary

Carrefour, a major global supermarket chain, has removed PepsiCo products including Doritos, Lay's, and Quaker Oats from its stores in France and plans to extend this action to Belgium, Spain, and Italy due to what it calls "unacceptable price increases" by PepsiCo. Despite ongoing discussions, PepsiCo's price hikes have persisted for seven consecutive quarters, with the latest increase being 11%. These increases come amidst a broader context of "shrinkflation" and inflationary pressures, although recent reports indicate a slight easing of inflation and a decrease in food commodity prices on global markets.

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