Wednesday 26 April 2017

Sterling plunge could hit Irish Marmite lovers

Irish shoppers could soon find top brands like Marmite missing from Tesco shelves as a result of the plunge in sterling. Photo by: Newscast/UIG via Getty Images
Irish shoppers could soon find top brands like Marmite missing from Tesco shelves as a result of the plunge in sterling. Photo by: Newscast/UIG via Getty Images
John Mulligan

John Mulligan

Irish shoppers could soon find top brands like Ben & Jerrys, Marmite and others missing from Tesco shelves as a result of the plunge in sterling.

In the UK yesterday a row between Tesco and food and household supplies giant Unilever has already seen products pulled from the shopping aisles.

The row is apparently because the two are split on pricing of products shipped into the UK after the massive dive in the value of sterling.

Even though Ireland doesn't use sterling, it's understood Tesco bulk buys for the UK and Ireland so the supply issue could now impact shoppers here.

If so, it's bad news for Tesco which has already slipped down the supermarket rankings here - losing the top spot to SuperValu and with Dunnes Stores now also snapping at its heels.

When asked by the Irish Independent if the row would affect Irish shoppers, a spokesperson for the grocery giant said: "It's not appropriate to comment on commercial relationships with individual suppliers."

Reports in the UK suggest that Unilever is understood to have stopped deliveries to Tesco branches, leading to shortages of products including mayonnaise, Marmite, toothpaste and soap.

Unilever owns brands such as PG Tip's, Ben and Jerry's ice cream and Persil.

Irish Independent

Promoted articles

Also in Business