PEP - Price Wars Escalate: Carrefour Reportedly Drops PepsiCo Products In France | Benzinga
French retail giant Carrefour SA (OTC: CRRFY) reportedly will cease selling products from PepsiCo Inc (NASDAQ: PEP), such as Pepsi, Lay's crisps, and 7up, citing excessive price increases.
Starting Thursday, Carrefour stores in France will display notices informing customers of the discontinuation of PepsiCo products due to their "unacceptable price increases," reported Reuters.
This move comes amid PepsiCo's October statement about planned modest price hikes for the year due to sustained demand.
The dispute reflects a broader trend ...