PepsiCo products have returned to the shelves at Carrefour stores in France, ending an impasse over grocery prices that stretched three months between the two companies, Jennifer Maloney and Sam Schechner of The Wall Street Journal report. On Wednesday, Carrefour and PepsiCo said they reached a deal for PepsiCo products to return to stores in France and negotiations on returning its products to Carrefour stores in four other countries are ongoing, one person familiar with the matter told the Journal.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- PepsiCo, Carrefour Patch Things Up, Products Back on Shelves
- Analyst Pan Sends PepsiCo (NASDAQ:PEP) Lower
- Celsius selloff on Pepsi amendment an overrection, says TD Cowen
- Morgan Stanley says Celsius management says incentives don’t hurt margin outlook
- Amended Pepsi distribution agreement negative for Celsius shares, says Stifel