Breaking News: No Green September in France! Inflation Concerns Rise

2023-09-10 19:12:00

Very bad news for the French… The boss of the Intermarché firm announced that there would be no green September!

This is a hard blow for the French who are increasingly more likely to suffer from inflation…The big boss of Intermarché announced that there would be no green September! We tell you everything!

No green September!

While all French people are hoping for a “green September” to start the school year with a lot of calmThierry Cotillard, boss of Intermarché announced very bad news on RTL.

Eh yes ! The president of the Les Mousquetaires Intermarché Group therefore explained that there would be no no “green September” “. He thinks that prices should drop from March… And again!

This is what Dominique Schelcher, president of Système U, declared. “ The big meeting is next March, in the meantime we take our responsibilities. And on the big brands, nothing is going to change”. And that’s not all ! Because Michel-Edouard Leclerc, president of E.Leclerc stores, did not show up confident about ‘green September‘.

He explained thus: “The increase in food prices in distribution reached on average 12% in 2022 in hypermarkets. The cheapest brands, E.Leclerc, Hyper U and Lidl, have not finished passing on all this increase to customers. At E.Leclerc, we continue to take advantage of our margins to avoid a drop in sales. »

Before adding: “We are arriving at the peak of the price surge but since March 2022, it is +17% on the prices of food products. We are still experiencing very high prices but prices will increase more slowly. But they will not be up to the 17% on the customer. Distributors will try to take advantage of their margins. »

Prime Minister Elisabeth Borne no longer has the words to reassure the French. But it revealed that peak inflation would be behind us in the coming months. Enough to make Michel-Edouard Leclerc react, who doesn’t believe it at all. The same goes for the boss of Intermarché.

The boss of Intermarché is not confident!

So the boss of Intermarché thinks that we will have to wait until spring 2024. So how can we limit the impact of price increases? Know that there are several solutions.

Besides, consider going to cheaper brands. Like Intermarché, Lidl, Leclerc or even Aldi. Then, think about promotional days. For example, it is interesting to do your shopping on a Wednesday to take advantage of good prices. You can easily find good promos and discounts there.

The bosses Thierry Cotillard (Intermarché) and Michel-Edouard Leclerc think it is important to act as quickly as possible! And this, for the good of the French. So the Minister of the Economy Bruno Le Maire summoned the distributors to ask them to extend and extend their price reduction operations.

But the boss of Super U jumped out of his seat. Mr. Schelcher ends thus: “ The difficulty with this subject is that we negotiate once a year for prices that apply throughout the rest of the year. A system that locks us in and behind which industrialists […] take refuge “.

One thing is certain, the bosses of Intermarché, Leclerc and Super U are angry. They therefore asked Bercy to “ change the law (on sector negotiations, Editor’s note) to allow negotiations up or down depending onn,” according to Mr. Cotillard. So this is something to keep an eye on!

Shay Coquelit

Hi, I’m Shay, web editor specializing in celebrity news and TV shows. Since I was little, I have loved following the Cannes festival. For six months, I have been writing articles in the People, cinema and media section. My passion for these fields is reflected in each of my articles. Stay tuned to Tuxboard for my latest news and analysis!

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