W3Schools

The Wall Street Journal: Unilever defends U.K. price hikes prompted by sliding pound

Unilever PLC on Thursday defended its stance in a pricing dispute with Tesco PLC as it reported a slowdown in third-quarter revenue growth amid fierce competition and currency devaluation.

The consumer goods giant ULVR, -2.99% said it had to raise prices in the U.K. following a slump in the pound after the vote to leave the European Union.

“The price increases have landed with most of our customers,” Chief Financial Officer Graeme Pitkethly said on a call with analysts.

The maker of Ben & Jerry’s ice cream and Dove shampoo halted supplies to Tesco TSCO, -2.21% , leaving Britain’s largest grocer without many of Unilever’s flagship products available online on Wednesday.

>>> Original Source <<<