"Carrefour Drops PepsiCo Brands Including Lay's Amid Price Hike Dispute"
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.