Inflation & Prices
Unilever, Nestle, PepsiCo Should Do More to Lower Prices, French Official Says
- French finance ministers says some companies “don’t play ball”
- Retailers agreed to freeze prices on some 5,000 food items
Unilever Plc headquarters in Rotterdam, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
French Finance Minister Bruno Le Maire said multinational food companies Nestle SA, PepsiCo Inc. and Unilever Plc should do more to cut food prices after the government agreed to bigger rollbacks with other producers.
Following meetings with the French government this week, supermarkets and consumer goods groups committed to freeze or reduce prices on some 5,000 food items, from around 1,500 currently, Le Maire said.