“This is such a large event that it may simply be that the two gorillas on both sides have decided to go through the motions of the negotiation on behalf of the industry. This isn’t about Tesco or Unilever but about all UK retailers and suppliers.” Speaking to BBC’s Newsnight, former head of Northern Foods, Lord Haskins, claimed that Unilever was “undoubtedly” justified in its action, and it remains to be seen which other supermarkets follow Tesco’s lead. According to Graeme Pitkethly, Unilever’s CFO, the price increases the company is passing on are lower than the impact on its own profitability. He expects the situation to be resolved quickly, but that hasn’t stopped a Twitter storm from brewing:
If you think #Marmitegate is bad, you’re in for a real shock once we leave the EU…— James Cleverley (@JamesCleverley1) 13 October 2016
\ You can find a full list of the Unilever items in peril here.
I hope that everyone complaining about #MarmiteGate realises that this is just the thin end of the wedge – food & fuel prices WILL increase.— Sam GHOULdson (@SamGouldson) 13 October 2016
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