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Tesco Removes Unilever Products From Online Store Following Price Dispute

October 12, 2016: 12:00 AM EST
Tesco has removed dozens of Unilever brand products from its online store following a dispute between the companies over prices. Worsening tensions between suppliers and retailers, the disagreement highlights the adverse economic impact of the UK's exit from the European Union. Unilever has been working to raise the prices of products it supplies to the country's big 4 supermarkets by about 10 percent, claiming it needs to recover losses caused by higher cost of imported materials. Grocers, however, are opposing Unilever's demands for higher prices, saying some of the products are actually made in the UK.
"Tesco pulls Unilever goods from website over price row", Reuters, October 12, 2016, © Reuters
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