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Home » Nestle, European Retailers Make Progress in Talks to End Price Row

Nestle, European Retailers Make Progress in Talks to End Price Row

0419__NestleEuropeanRetailersMake.jpg
April 19, 2018
Reuters

Nestle has for several months been facing off with AgeCore, a Geneva-based group representing six European retailers — including Edeka and Switzerland’s Coop — who have boycotted Nestle products as they seek better supply terms.

“We’re making progress and we want to end this fight,” Edeka’s Chief Executive Markus Mosa said on Tuesday at his company’s 2017 results presentation in Hamburg.

Nestle had made an offer but “it is not acceptable as it stands,” Mosa said. Several unspecified issues must be resolved to satisfy AgeCore’s demands, he said.

Edeka, Germany’s largest supermarket group, this month recommended its stores expand an existing boycott of some Nestle products, escalating the pricing row between the world’s biggest packaged food maker and European retailers that began in September.

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KEYWORDS Business Strategy Alignment consumer packaged goods Europe Food and Beverage Global Supply Chain Management Inventory Planning/ Optimization Logistics Retail Sales & Operations Planning SC Security & Risk Mgmt Sourcing/Procurement/SCM Technology
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