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The original was posted on /r/worldnews by /u/MicroSofty88 on 2024-01-05 03:42:01.
Carrefour to halt Pepsi sales over price rises
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.bbc.com/news/business-67884603
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Grocery giant Carrefour will stop selling Pepsi products in France, citing “unacceptable price increases”.
The supermarket started putting up signs in stores on Thursday to inform customers of the decision, which will affect products such as Pepsi soda, Doritos and Quaker cereals.
French Finance Minister Bruno Le Maire last year pushed major food companies to bring down prices, threatening special taxes on “undue” profits.
In September, it posted French supermarket puts up ‘shrinkflation’ signs on certain products, including Lipton Ice Tea, which is a Pepsi brand.
The new notes for Pepsi products, a picture of which the company shared on LinkedIn, say “we are no longer selling this brand due to unacceptable price increases”.
Despite the price fight, French shoppers will still be able to buy Pepsi products that are currently on the shelves, the spokesperson told the news agency.
The original article contains 393 words, the summary contains 140 words. Saved 64%. I’m a bot and I’m open source!