French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks.
has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks.
Carrefour CEO Alexandre Bompard, who also heads retail industry lobby group FDC, has repeatedly said consumer goods companies are not cooperating in efforts to cut the price of thousands of staples despite a fall in the cost of raw materials. Guigoz infant formula produced by Nestle went from 900 grams to 830 grams, while a Viennetta ice-cream cake, produced by Unilever, shrank to 320 grams from 350 grams previously.Consumer groups say "shrinkflation" is a widespread practice, which supermarkets like Carrefour are also guilty of in their private label products.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former French Open and Wimbledon champion Simona Halep suspended 4 years for dopingSimona Halep was suspended for four years Tuesday after an independent tribunal concluded that the Romanian tennis star violated multiple anti-doping rules, according to the International Tennis Integrity Agency (ITIA).
Read more »
Helping mothers and babies survive childbirth is a personal goal, says Melinda French GatesSeveral low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation.
Read more »
Helping mothers and babies survive childbirth is a personal goal, says Melinda French GatesSeveral low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation.
Read more »
Helping mothers and babies survive childbirth is a personal goal, says Melinda French GatesSeveral low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation.
Read more »
Helping mothers and babies survive childbirth is a personal goal, says Melinda French GatesSeveral low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation.
Read more »