ZURICH (AFX) - Nestle AG is in a dispute with Swiss discount retailer Denner over an 8 pct price hike demanded by Nestle for Cailler chocolate in its new-look plastic packaging, SonntagsZeitung reported, citing letters between the two companies.
The dispute escalated on Friday to the point where Nestle is no longer supplying the chocolate to Denner, the paper said.
Nestle is using Switzerland as a test market for the new packaging, the paper added. Simon.Sturdee@afxnews.com scs/hjp COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited