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.

“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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also: