"Carrefour Drops PepsiCo Brands Amidst Price Increase Dispute in Europe"
Carrefour, a major global supermarket chain, is discontinuing the sale of PepsiCo products in its stores across France, Belgium, Spain, and Italy due to PepsiCo's significant price increases on items such as Lay’s, Quaker Oats, and Lipton tea. This decision aligns with a new French law aimed at combating the cost of living crisis, which imposes heavy fines on supermarkets that fail to agree on prices with suppliers by a set deadline. PepsiCo has cited rising costs for ingredients like grain and cooking oil as reasons for their price hikes, despite a recent decrease in overall inflation and food commodity prices.