When two food retailing superpowers collide, the fallout is bound to create shockwaves.
UK grocery giant Tesco and US FMCG titan Kraft Heinz have butted heads over the latter’s steep price-rise demands, leading Heinz to pause supply of its baked beans, ketchup and salad cream from its shelves after refusing to pass the added costs onto its customers.
Tesco said that “with household budgets under increasing pressure, now more than ever we have a responsibility to ensure customers get the best possible value, and we will not pass on unjustifiable price increases to our customers.”
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