01/04/2024

Carrefour Pulls PepsiCo Products due to Price Hikes

The decision impacts more than 9,000 stores

Carrefour is telling customers in four European countries it will no longer sell products, such as Pepsi, Lay's crisps and 7up because they have become too costly, in the latest tug-of-war over prices between retailers and global food giants.

From Thursday, shelves for PepsiCo products at Carrefour stores in Belgium, France, Italy and Spain will carry signs saying the store will no longer be stocking the brands "due to unacceptable price increases," a spokesperson for the French supermarket giant said.

Carrefour's move impacts more than 9,000 stores across the four countries, amounting to two-thirds of the retailer's global footprint of 14,348 stores according to its 2022 annual report.

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