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Bloomberg
Tesco Plc and food giant Kraft Heinz Co have settled a dispute over price increases which left the UK’s biggest supermarket chain without products including brand-name ketchup and baked beans.
The full range of Heinz products will now return to Tesco shelves and its online shopping site in the coming days, the two companies said in a joint statement, without detailing the size of any price increases.
Shipments of Heinz products “including Heinz Tomato Ketchup and Heinz Beanz will hit the road shortly,†they said.
Tesco called price increases from the US food manufacturer “unjustifiable,†and said there were ample alternatives for shoppers to choose from among the grocer’s store-brand ketchup and baked beans.
The highest inflation in 40 years has pushed British consumers to consider cheaper own-label brands and tighten their spending.