Hovis bread owner Premier Foods plc has played down its disagreement with supermarket chain Tesco, which led to some lines being delisted.
Tesco removed the Hovis bread products after Premier tried to pass on price increases, which it blamed on higher wheat prices.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“We have had some delisted lines, and we are talking to Tesco to resolve that. I don’t think this will be a long term situation,” said Premier chief executive Robert Schofield. “And by the way, in most periods, i.e. most months somewhere in our categories, we are having discussions of this nature, given that we’re across 15 categories.”
He added that the company’s relationship with Tesco “remains good”.
The company today (28 October) reported its third-quarter results, with sales falling 4.2% over the quarter.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
