Nestlé Settles Months-Long Pricing Scrap With European Retailers
Swiss food group Nestlé has clinched an agreement with European retailers to settle a months-long pricing row and get its products back on sale, the world's biggest packaged food maker said on Wednesday.
"We are pleased that a balanced agreement has been reached and that Nestlé products will soon be back on the shelves of the six members of the European retail alliance AgeCore," a company spokesman said, confirming a report by Germany's Lebensmittelzeitung.
Nestlé, whose brands include KitKat chocolates and Thomy sauces, has for months faced off with AgeCore, a Geneva-based group representing six European retailers.
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