PARIS, Sept 20 — Supermarket groups in France could demand price cuts of 2 per cent to 5 per cent from food manufacturers in negotiations set to kick off soon, the head of...
PARIS, Sept 20 — Supermarket groups in France could demand price cuts of 2 per cent to 5 per cent from food manufacturers in negotiations set to kick off soon, the head of retailer Les Mousquetaires told lawmakers today in a roundtable with executives.
“We should probably be able to demand that the big groups cut prices by between 2 per cent and 5 per cent,” he said. France, which has regulations dictating an annual window for price negotiations — from December 1 to March 1 — is considering a law that would bring forward the negotiations, aiming for talks to begin soon and wrap up by January 15.
Representatives of the food industry, speaking to lawmakers after the retail executives, argued that production costs remain high and manufacturers have absorbed a significant part of the inflationary shocks.
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