Nestle, retailers nearing compromise in price row: source

“ZURICH (Reuters) – Swiss food group Nestle and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday” writes Midwest Communications Inc for Nestle and Edeka-led AgeCore — the Geneva-based group of six European retailers that also includes Switzerland’s Coop — have not yet reached a breakthrough and the discussions could still fail, the source said on condition of anonymity.Edeka, Germany’s largest supermarket group, had written to its stores this month recommending they expand a boycott of some Nestle products, an escalation of a pricing row between the world’s biggest packaged food maker and European retailers.

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