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Tesco Settles Pricing Dispute With Unilever

October 14, 2016: 12:00 AM EST
UK retailer Tesco and Unilever have settled their pricing dispute caused by the drop in the pound's value following the country's vote to leave the European Union. Before settling the dispute, Tesco suspended sales of some Unilever products on its online store. Industry sources revealed that Unilever had demanded 10 percent increases in the prices it charges the country's big 4 supermarkets for a wide range of products.
James Davey and Martinne Geller , "Tesco, Unilever settle prices row after pound's Brexit dive", Reuters, October 14, 2016, © Reuters
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