Unilever, Nestlé and PepsiCo “do not play the game well”, denounces Bruno Le Maire

Guest of the 13 Hours of France 2, the Minister of the Economy cited several major brands accused of not making enough efforts to limit the impact of inflation on consumers.

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Bruno Le Maire on the set of "13 hours" of France 2, on August 31, 2023, in Paris.  (FRANCE TELEVISION)

Bruno Le Maire applies the method of “name and shame” (name to shame). Invited to the 1 p.m. newspaper of France 2, Thursday August 31, the Minister of the Economy castigated the attitude of certain industrialists in the face of inflation which, in his view, “don’t play the game well” And “who could do much more” against soaring prices, citing giants Unilever, Nestlé and PepsiCo. “These are very large multinationals that have done a little, but not a lotdetailed the Minister. I think they could do a lot more than what they are doing.”

Conversely, Bruno Le Maire cited other groups, such as Avril or Barilla, which passed on the fall in the price of wheat to the price of pasta. For those who do not play the game, the tenant of Bercy wishes to toughen the tone and ensure that the agreement concluded with manufacturers and distributors is respected. “Trust is good. Control is even better, he asserted. We will pass on certain devices by the legislative way to ensure that the commitments are kept.

The Minister also wants to ensure that distributors quickly pass on the fall in prices from manufacturers “on shelf prices”. Bruno Le Maire therefore announces checks by the Directorate General for Competition, Consumer Affairs and Fraud Prevention, and “penalties if it is not respected”.


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