The chairman of France's biggest supermarket chain E. Leclerc called on all big consumer goods firms to lower their prices as he weighed in on competitor Carrefour's decision to drop PepsiCo products amid fraught price negotiations.
In a post on LinkedIn, Michel-Edouard Leclerc said, 'We must in the coming month convince all these big suppliers who made the mistake of overly increasing their prices, to lower them now, or moderate them.'
The government has demanded retailers and suppliers finish annual price negotiations in January, two months earlier than usual, as it seeks to lower inflation.
Carrefour said its stores in Belgium, France, Italy and Spain would no longer stock products including Pepsi, Lay's Crisps, Cheetos, and 7up because of 'unacceptable price hikes'.
In a statement, PepsiCo said, 'We've been 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.'
E. Leclerc did not immediately reply to a request for comment and questions about whether it would also withdraw PepsiCo or any other products.