HomeEconomyPrice negotiations: the federation of large retailers condemns the attitude of certain...

Price negotiations: the federation of large retailers condemns the attitude of certain large manufacturers

At the microphone of BFM Business, Jacques Creyssel, general manager of the Federation of Commerce and Distribution, strongly attacked the greed of “certain large groups” who seek profit at all costs.

With a 10% increase in the prices paid by distributors to agribusinesses looming and negotiations between the two sectors soon coming to an end, some large groups still refuse to cut their margins, said Jacques Creyssel, at the BFM. Business microphone.

Confrontation between food giants and distributors

According to the director of the federation, some multinationals consider that their products are essential in supermarkets and therefore refuse to negotiate the price increases they offer. Especially since they would seek at all costs to increase their margin, he adds.

The increases requested by these companies are “totally unjustified” and lack “transparency”, according to Jacques Creyssel.

The big manufacturers have presented increases that can reach 20%, he says. Earlier today, on Franceinfo, he quoted Nestlé, Coca, Unilever and Procter & Gamble.

Tensions between distributors and manufacturers do not seem to have abated by the end of the day when Economy Minister Bruno Le Maire promised new “measures” on Tuesday afternoon to contain “food inflation”.

Author: Olivia Bugault
Source: BFM TV

Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here