Carrefour vs Brazil: Muscle flexing gets meaty response [Yahoo! Finance]
MARFRIG GLBL FOODS S/ADR (MRRTY)
NASDAQ:AMEX Investor Relations:
ir.marfrig.com.br/en
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Source: Yahoo! Finance
However, after industry groups in Brazil threatened to stop supplying meat to Carrefour stores, Bompard quickly apologized, acknowledging Brazilian agriculture's high-quality meat and respect for standards. The apology was accepted, and the delivery of beef products to Carrefour's Brazilian stores has resumed. The incident highlights the importance of diplomacy in trade relationships and the potential consequences of criticizing a country's products, especially when that country has a strong agricultural sector. The power of the large supermarket chains in their relationship with food manufacturers and suppliers is not in doubt. We saw it at the height of the inflation crisis when some European supermarket groups refused to stock the products of food businesses which they thought had gone too far in trying to recover margins through pricing strategies. And it was certainly hinted at recently when French grocery major Carrefour told its suppliers that their products would no long
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News
- Carrefour CEO seeks to defuse Brazil meat spat over EU-Mercosur trade deal comments [Yahoo! Finance]Yahoo! Finance
- Carrefour opposition to EU-Mercosur trade deal sparks backlash in Brazil [Yahoo! Finance]Yahoo! Finance
- Marfrig Global Foods SA (MRRTY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]Yahoo! Finance
- McDonald's sues several meat packing companies, claims they colluded to inflate beef prices [Yahoo! Finance]Yahoo! Finance
- McDonald's sues several meat packing companies, claims they colluded to inflate beef prices [FOX Business Network]FOX Business Network