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Nestle, Unilever forgo price increases to move product

Updated : April 19, 2018 11:15 PM IST

The result has been mounting tension, which recently erupted in a clash between Nestle and European retailers that saw some of the Swiss company's goods briefly taken off store shelves.
The pricing pressure was even tougher for U.S. giant Procter & Gamble, which on Thursday reported just a 1% rise in underlying quarterly sales growth.
That included a 2% hit from lower prices, offset by higher volumes and other factors
Nestle, Unilever forgo price increases to move product

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