(Reuters / GAH) after months of struggle, Nestlé (NESN 76.06 – 1.2%) has agreed in the dispute over future purchase prices with six European retailers. The food company have reached dealers Alliance age core to Coop and the German Edeka a “balanced agreement», a Nestlé spokesman confirmed a report by the «food» newspaper on Wednesday
To increase the pressure on the Swiss group, the retailer took Nestlé products off the shelves. The order stop since mid-February and early April was expanded to over 200 products. COOP leads 800 Nestlé article.
COOP spokesman Ramon Gander confirmed on request of the «Finanz und Wirtschaft», that the negotiations between the retailers and Nestlé were finished. Articles listed in should come gradually back in the coming days in the stores.
The negotiations would have paid off for COOP customers. So in the example, for two weeks in may launched an action on over 500 Nestlé products for price discounts of up to 30%. A further promotion is planned for the coming months with Nestlé.
The European dealer network age core Edeka belongs to intermarché France together with Coop and the German retailers. According to the Zürcher Kantonalbank (ZKB), Nestlé makes good 2 billion francs sales with this Alliance (ALV 198.22 0.9%), representing 2% of consolidated sales and 10% of sales in Europe. The most famous brands of the company include NESCAFÉ, Maggi, Thomy or Vittel.