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Tesco pulls Unilever products in pricing row

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Unilever products have been removed from Tesco website after Brexit symptom pricing row

Tesco has pulled dozens of Unilever products from sale on its website after a disagreement on pricing. The consumer goods supplier wanted to raise prices to counteract the effect of the sterling slump and a standoff had developed with retailer Tesco.

The Guardian reported Unilever wanted to raise prices by about 10%. Unilever wanted to implement the price change across a wide range of goods stocked in the big four supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – in order to offset the higher cost of imported commodities, two people with knowledge of the situation told Reuters.

As of last night Unilever products including Marmite spread, Ben & Jerry’s ice cream, Lynx body spray and PG Tips tea were no longer available on Tesco’s website, but the shortage had not yet affected stores, a Tesco spokesman said.

Shares in Tesco were down 1.6% while Unilever was down 1.4%.

 

 

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