Edeka boss Mosa criticizes price increases by brand manufacturers 05/22/22

BERLIN (dpa-AFX) – The CEO of the Edeka group, Markus Mosa, considers the latest price demands from large manufacturers of branded products to be exaggerated. “It is our job to ensure that people in Germany are supplied with food at reasonable prices. The global brand industry is endangering this order,” Mosa told the “Welt am Sonntag”.

The additional demands of the industry have added up to one billion euros since the end of the year, according to Edeka. Individual suppliers had demanded higher prices even before the previous round of increases had been implemented. “From our annual discussions we know that many price increase requests are not based on real cost increases. Instead, the reference to general inflation is used as a welcome argument to improve one’s own profit margin – in the interests of shareholders,” said Mosa.

Germany’s largest food retailer, Edeka, is organized as a cooperative association of independent merchants. Last year, the network included around 11,000 stores with around 405,000 employees./brd/DP/jha

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