Nestle said to be involved in pricing spat

Nestle said to be involved in pricing spat

Nestle is reportedly in embroiled in a pricing spat with members of the European retail buying group AgeCore.

Reuters yesterday reported the world's largest food maker was in talks to end the dispute with AgeCore, which represents six European grocers, including Belgium's Colruyt, the Switzerland-based retailer Coop and Germany's Edeka.

According to the news agency, the row has led to Nestle products not being available in stores. It cited Coop having halted orders of more than 150 of the Swiss giant's products, including Cailler Perle chocolate and pizza brand Buitoni La Fina.

Approached by just-food, a spokesperson for Coop intimated talks were being held over the issue but declined to comment further.

"With regards to the current negotiations, we do not further comment at this time," the spokesperson said.

Officials at Nestle, Colruyt and Edeka had not returned requests for comment at the time of writing.

Last week, Nestle reported its slowest annual sales growth this century.