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Danone said it would raise prices in 2024, citing a need to offset labour costs and shipping prices, but that the increase would be at a slower pace than previously.
Some investors seek new strategy to offset a decline in sales volumes
French shoppers have paid more than 20% more for Nestlé products each month since January compared to last year, data shows
While there are no Western sanctions on the everyday consumer sector, restrictions on Russian banks and individuals have made operating in the country more difficult.
New standards being introduced next month are likely to further increase Chinese consumers’ trust in local brands