Unilever claims ‘no overall cost price increase’ to Irish retailers

Unilever is moving its HQ to London, but not for the reason you might think

Unilever enters the fray in price debacle, criticizing reported comments on an 'overall cost price increase' as 'entirely inaccurate'

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Unilever has released a clarification on the price debacle with Irish retailers this evening, claiming, “there has been no overall cost price increase on the portfolio of products sold to retailers by Unilever Ireland”.

The supplier added that within the Republic of Ireland, “the comments being reported are entirely inaccurate”.

A spokesperson for SuperValu was quoted in The Irish Times yesterday (Thursday) as saying: “Due to our refusal to accept what we consider to be an unjustified price increase we may experience some supply issues on certain Unilever products.

“Negotiations with Unilever, however, are continuing and we are examining all options open to us. We would stress that this is not our desired outcome, but we do not believe a price increase on the products under discussion is justified given the current exchange rate.

“In fact, we believe that a price decrease is warranted given the fall in the value of sterling against the euro,” the statement added.

Meanwhile Dunnes Stores has yet to comment on the reported standoff.

The price row between Unilever and Tesco was resolved yesterday (Thursday) with Tesco appearing to benefit from the dispute, with its shares rising 4%.

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