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 - Click to enlarge 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
Topics:
Investec considers the following as important: AgeCore SA, Buitoni La Fina, Cailler Perles, Colruyt, Conad, Coop, Edeka, Eroski, Featured, Intermarché, Maggi, Nescafé Azera, Nestlé, newslettersent, Swiss Markets and News, Thomy, Urs Meier, Vittel, Wagner, Züricher Kantonalbank
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
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 - Click to enlarge
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.
Tags: AgeCore SA,Buitoni La Fina,Cailler Perles,Colruyt,Conad,Coop,Edeka,Eroski,Featured,Intermarché,Maggi,Nescafé Azera,Nestlé,newslettersent,Thomy,Urs Meier,Vittel,Wagner,Züricher Kantonalbank