PepsiCo, Carrefour argue over who dumped whom, WSJ reports

PepsiCo (PEP) is arguing that it decided to stop selling to Carrefour (CRRFY) after a price dispute, while the supermarket chain says it initiated the split, The Wall Street Journal’s Jennifer Maloney reports. “Regrettably, Carrefour has mischaracterized the chain of events,” a PepsiCo spokesman said Monday. “Given the lack of agreement on a new contract, we stopped supplying to Carrefour at the end of the year, something they were aware could happen. We hope we can agree on terms soon so our products can be back on their shelves for consumers to enjoy.” In response, Carrefour said Monday: “We, at the Carrefour Group, have taken this decision.”