Danone and Kellogg are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative
A sign reading "Low prices for you" is seen on a shopping trolley in a supermarket in Nice, France, March 1, 2023. REUTERS/Eric Gaillard/File Photosaid in a statement it could not comment on discussions between the government, trade associations and retailers, but that its annual round of negotiations had been completed. It said retail prices for its products were set solely by the retailer.
French officials have for months been furious at supermarket prices touching record highs even as costs of many food producers' raw materials have been declining.
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