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Top related persons:
Systeme - 2 Philippe Michaud - 2 Leclerc - 2 Helen Reid - 2 It's - 1 Laurent Thoumine - 1 Thoumine - 1 Ferrero's - 1
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Europe France Spain Germany Italy Eurelec Carrefour Montesson
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Nestle - 2 Unilever - 2 Carrefour - 2 Thomson - 2 Consumer - 1 PepsiCo - 1 European - 1 European Union - 1

Search resuls for: "Philippe Michaud"


2 mentions found


☆ Analysis: Consumer goods firms' pricing woes may spread beyond France
  + stars: | 2023-09-20 | by ( Richa Naidu Helen Reid | Richa Naidu | Helen Reid | ) www.reuters.com   time to read: +4 min
Sept 20 (Reuters) - Consumer goods firms like Nestle (NESN.S), Lindt (LISN.S) and Unilever (ULVR.L) may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. France is a crucial country for consumer goods companies, having long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenues, according to research firm IBISWorld. That means consumer groups will face pressure to rein back prices across the European Union. Because these supermarkets are in different countries and do not compete with one another, they often combine forces to negotiate with consumer goods makers. Consumer goods makers have for more than two years grappled with sky-rocketing input, supply chain and labour costs that they have either absorbed - taking a hit to margins - or passed on to retailers.
Persons: It's, Laurent Thoumine, Thoumine, Ferrero's, Pernod Ricard's Ricard, Systeme, Germany's, Switzerland's, Italy's, Philippe Michaud, Leclerc, Bruno Le Maire, Le Maire, Richard Saldanha, Lindt, Saldanha, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Consumer, Nestle, Unilever, Carrefour, PepsiCo, European, Reuters, European Union, Epic Partners, French Finance, Aviva Investors, Paris, Thomson Locations: Europe, France, Germany, Italy, Spain, Eurelec
☆ French supermarkets to demand food groups cut prices by up to 5%
  + stars: | 2023-09-20 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com   time to read: +3 min
French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government has also put pressure on the consumer goods makers to cut prices. "We should probably be able to demand that the big (consumer goods) groups cut prices by between 2% and 5%," he said. Consumer goods firms are likely to face increased pressure across Europe to cut prices, industry experts say. Lawmakers also asked about buying alliances, which some supermarkets use to negotiate prices jointly with peers at the European level, and whether they enable retailers to evade French regulations on pricing.
Persons: Sarah Meyssonnier, Les Mousquetaires, Thierry Cotillard, Cotillard, Mousquetaires, Jan, Alexandre Bompard, Lawmakers, Systeme, Dominique Schelcher, E Leclerc, Philippe Michaud, Miloud, Leclerc, Michaud, Helen Reid, Hugh Lawson Organizations: REUTERS, Unilever, Nestle, Carrefour, Senate, REWE, Thomson Locations: Carrefour, Montesson, Paris, France, Portugal, Spain, Europe, Greece, London
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