A leading European supermarket chain has dropped several PepsiCo (NASDAQ:PEP) brands, accusing the Purchase-headquartered company of raising product prices too high.
The Wall Street Journal reported that Carrefour will stop selling PepsiCo’s products at its supermarkets in France, Spain, Italy and Belgium. The impacted brands include the snack lines Lay’s, Doritos and Benenuts, Lipton teas, Alvalle gazpacho, Quaker food products and the soft drinks Pepsi and 7 Up – the 7 Up brand is owned by Keurig Dr Pepper and sold internationally by PepsiCo.
A Carrefour spokesman said the company will put signage in its stores to explain the absence of the popular products. The Carrefour stores removing the products represent 0.25% of PepsiCo’s global revenue.
A PepsiCo spokesperson said the company was “in discussion with Carrefour for many months and we will continue to engage in good faith in order to try to ensure that our products are available.”
