May 20, 2024

AndronETalksNews

AndronETalksNews

France Strong-Arms Big Food Companies Into Cutting Prices

US News – Money

 

By Benoit Van Overstraeten and Leigh Thomas

PARIS (Reuters) -French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products.

The companies, which together make 80% of what the French eat, could face financial sanctions if they don’t follow through, Le Maire said.

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