News 

Nestle, Edeka negotiating new pact after striking deal in price row: FAZ

“Earlier this month, Edeka, Germany’s largest supermarket group, had written to its stores recommending they drop an increased number of Nestle products, an escalation of a pricing row between the world’s biggest packaged food maker and European retailers” reports businessinsider.com. Last week, Edeka-led AgeCore, a Geneva-based group of six European retailers including Switzerland’s Coop, reached a tentative deal, FAZ reported, citing an anonymous source that the German newspaper said was involved in negotiations.FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne Thomson Reuters ZURICH (Reuters) – Swiss food group Nestle and German grocer Edeka have reached a tentative compromise in their months-long price fight and are now negotiating details of a new contract, Frankfurter Allgemeine Zeitung reported on Tuesday.
 
Source: businessinsider.com



Share This:

Related posts