by According to Swiss broadcaster RTS, Swiss retailer Coop, along with five other members of AgeCore SA, a Geneva-based purchasing alliance, have decided to boycott a large number of Nestlé products in the hope of striking a better deal on price. Coop Haupsitz, Hochhaus, Aussenansicht © Coop Sales to AgeCore SA members, which include Coop in Switzerland, Intermarché in France, Edeka in Germany, Conad in Italy, Colruyt in Belgium and Eroski in Spain, represents around 10% of Nestlé’s sales in Europe and 2% of its global turnover, according to Züricher Kantonalbank. Urs Meier, a spokesperson from Coop, told the newspaper Tribune de Genève: “We don’t want to be disadvantaged compared to retailers in other countries. We are requesting a partnership based on fair terms and prices. It’s the only
Topics:
Investec considers the following as important: Business & Economy, Editor's Choice, Nestle Coop prices, Personal finance
This could be interesting, too:
Investec writes Swiss to vote on tenancy laws this weekend
Investec writes Switzerland ranked second in digital competitiveness
Investec writes Swiss wages set to rise in 2025
Investec writes Federal Council hopes to boost savings with pension change
According to Swiss broadcaster RTS, Swiss retailer Coop, along with five other members of AgeCore SA, a Geneva-based purchasing alliance, have decided to boycott a large number of Nestlé products in the hope of striking a better deal on price.
Coop Haupsitz, Hochhaus, Aussenansicht © Coop
Sales to AgeCore SA members, which include Coop in Switzerland, Intermarché in France, Edeka in Germany, Conad in Italy, Colruyt in Belgium and Eroski in Spain, represents around 10% of Nestlé’s sales in Europe and 2% of its global turnover, according to Züricher Kantonalbank.
Urs Meier, a spokesperson from Coop, told the newspaper Tribune de Genève: “We don’t want to be disadvantaged compared to retailers in other countries. We are requesting a partnership based on fair terms and prices. It’s the only way we can offer an attractive range to our customers.”
Coop is boycotting 150 products, including Thomy salad dressings, Cailler Perles chocolates, Nescafé Azera coffee and pre-made Buitoni La Fina pizza doughs.
According to German radio station MDR, German supermarket Edeka, which has around 4,000 stores, stopped ordering 163 Nestlé products, including Vittel water, Maggi soups and Wagner pizzas.
According to the German newspaper Handelsblatt, AgeCore recently hired someone from another retail purchasing group, someone who is likely to have insight into the prices other retailers are paying.
More on this:
RTS article (in French) – Take a 5 minute French test now