The retail giant and Haribo have failed to reach a deal following a row over price cuts
Tesco is allowing stocks of Haribo sweets to dwindle from its shelves following a row with the confectioner over price cuts.
The Grocer reports that the supermarket giant is demanding suppliers lower prices to allow it to compete with German discounter Aldi.
Haribo and Tesco have failed to reach a deal and ranges such as Tangfastics and Starmix are unavailable online.
Tesco said it continues to stock Haribo products online and in store.
We hope to have the full range available again for customers soon, said a spokesman for the supermarket chain.
In March, Tesco launched its “Aldi Price Match” campaign, to match the prices on hundreds of its goods with the German discounter.
It subsequently asked suppliers to cut their prices as part of a strategy to take Aldi. Companies were told they had until 10 July to agree.
A spokeswoman for Haribo said: We are aware of some out of stock products, but can confirm that Haribo has not been delisted by Tesco. No comment can be made with regards to any commercial discussions with our customers other than that our conversations continue.
While many sectors have struggled during the coronavirus pandemic, supermarkets have thrived after customers initially panic-bought produce and demand for online grocery deliveries surged.
Tesco’s most recent results, for the 13 weeks to the end of May, show that like for like sales in the UK and Ireland rose by 8.2%.
UK online sales jumped by 48.5% after particularly strong growth in May. It has led to Tesco creating 16,000 permanent roles to support its fast-growing internet business.
Haribo is one of the word’s best-known sweet makers whose products are sold in 100 countries and employs 7,000 people.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.