Nestle has for several months been facing off with AgeCore, a Geneva-based group representing six European retailers — including Edeka and Switzerland’s Coop — who have boycotted Nestle products as they seek better supply terms.
“We’re making progress and we want to end this fight,” Edeka’s Chief Executive Markus Mosa said on Tuesday at his company’s 2017 results presentation in Hamburg.
Nestle had made an offer but “it is not acceptable as it stands,” Mosa said. Several unspecified issues must be resolved to satisfy AgeCore’s demands, he said.
Edeka, Germany’s largest supermarket group, this month recommended its stores expand an existing boycott of some Nestle products, escalating the pricing row between the world’s biggest packaged food maker and European retailers that began in September.
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