Tesco confirms pricing row with Unilever has been settled

Thu Oct 13, 2016 1:48pm EDT
 
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LONDON (Reuters) - Britain's biggest retailer, Tesco (TSCO.L: Quote), confirmed on Thursday that a pricing row with Unilever (ULVR.L: Quote) had been settled, confirming a statement issued by the Anglo-Dutch consumer goods giant.

"We always put our customers first and we’re pleased this situation has been resolved to our satisfaction," a Tesco spokesman said.

Tesco had earlier on Thursday halted online sales of top-selling goods produced by Unilever such as Persil washing powder, Ben & Jerry's ice cream and Marmite, a brown yeast-extract spread, saying it was in a pricing dispute following a plunge in the pound since Britons voted to leave the European Union.

(Reporting by James Davey; Writing by Guy Faulconbridge; Editing by Greg Mahlich)

 
A company logo is pictured outside a Tesco  supermarket in Altrincham northern England, April 16, 2016. REUTERS/Phil Noble/File Photo