Brexit-Sparked Marmite Shortage

[Independent voter]

And so it begins.






http://time.com/4529747/marmite-shortage-tesco-brexit/



Tesco pulled a range of products from its website following a pricing row with Unilever


News that a major British supermarket will no longer be stocking Marmite following Brexit has sparked outrage across the U.K., leading the hashtag #MarmiteGate to trend on Twitter.

Tesco pulled a range of products, including Marmite, PG Tips tea bags, Ben & Jerry’s ice cream, Persil washing powder and Lynx body spray, from its website after a row over pricing with the major food and household goods supplier Unilever.

According to The Guardian, Unilever is trying to charge Tesco an extra 10% for its goods due to the pound’s fall against the euro and the dollar following the vote for Brexit in June. Graeme Pitkethly, Unilever’s chief financial officer, described these price increases as a “normal” part of business. “We are taking price increases in the UK. That is a normal devaluation-led cycle,” he told analysts.

[Deleted]

http://www.bbc.co.uk/news/business-37650234

And its already over.

If this is indicitive of every negotiation we'll have with regards to Brexit, should be easy enough.

[Kronik85]

http://www.bbc.co.uk/news/business-37650234

And its already over.

If this is indicitive of every negotiation we'll have with regards to Brexit, should be easy enough.

Tesco and Unilever have come to an agreement in which they both share the damage, I wouldn't expect anymore cooperation going into the future if the Pound continues to plummet, Big Business will always pass on it's costs to the consumer eventually.

[Deleted]

Tesco and Unilever have come to an agreement in which they both share the damage, I wouldn't expect anymore cooperation going into the future if the Pound continues to plummet, Big Business will always pass on it's costs to the consumer eventually.

Supermarkets like Tesco can't afford to raise prices, they are already losing business to discount retailers.

Take it from someone who works in the industry, they'll cut staff levels before they pass any of this on to the consumer.

[dextersmith]

What does marmite taste like?

[Kronik85]

Supermarkets like Tesco can't afford to raise prices, they are already losing business to discount retailers.

Take it from someone who works in the industry, they'll cut staff levels before they pass any of this on to the consumer.

Considering that they made this deal at all I believe you. It's not like rising unemployment is anything to cheer for though.

- - - Updated - - -

What does marmite taste like?

Hard to describe, it's Yeast extract. Simultaneously savoury and bitter, it's something you'll either love or hate, personally I love the stuff.

[dextersmith]

Hard to describe, it's Yeast extract. Simultaneously savoury and bitter, it's something you'll either love or hate, personally I love the stuff.

Sounds awful.

[Graeham]

Here's hoping more consumers wake up and realise that Brexit is just yet another convenient excuse for retailers and producers to try and get away with bumping up prices. Even when things were supposedly stable the price of many products steadily rose whilst the size of certain products decreased.

[PosPosPos]

Sounds awful.

Sounds acquired.

[AeneasBK]

But at least we got rid of all the damn immigrants, eh?

[Deleted]

Interesting - when the pound was at an all time high against the Euro, I dont seem to remember UniLever reducing prices accordingly.

Wankers.

[Faenskap]

What does marmite taste like?

If you have the option of starving and Marmite, you'd go for the Marmite. If not... well, there are tastier things out there

[Ryme]

I don't need scares like this in the morning.

[Milchshake]

Doesn't England still have badgers?

I always thought badgers would take a salty shit in a jar, and someone would slap a Marmite label on it.

[Deleted]

Here's hoping more consumers wake up and realise that Brexit is just yet another convenient excuse for retailers and producers to try and get away with bumping up prices. Even when things were supposedly stable the price of many products steadily rose whilst the size of certain products decreased.

The size of products has been slowly decreasing forever. Has nothing to do with Brexit and more to do with companies doing it because they do it so slowly and in such little increments that they can get away with it.

The only prices in Supermarkets that have been rising as a result of Brexit is the petrol, which went from under a £1 a gallon, back up to roughly where it was this time last year.

The big 4 Supermarkets cannot afford to bump up prices, and Aldi/Lidl won't either because thats there whole deal.

[W1sp]

They should just make an oligopoly and raise there prices by 20%

[Deleted]

Good to see Tesco secure our marmite, all we have to do now is tackle all the hate crime.
http://www.bbc.co.uk/news/uk-politics-37640982

Don't you mean the BiasedBC propaganda.

[Puri]

Just curious: How can Marmite, of which 90% is sold in the UK and is produced completely in the UK by a british company affected by currency fluctuations?

[Pann]

Just curious: How can Marmite, of which 90% is sold in the UK and is produced completely in the UK by a british company affected by currency fluctuations?

Unilever are a Dutch based company and who trade in Euros so when the pound falls against the Euro they receive less money. It is likely many multi-national companies that trade in the UK will have to put their prices up to maintain their current level of revenue and profit as the pound falls.

[Deleted]

Just curious: How can Marmite, of which 90% is sold in the UK and is produced completely in the UK by a british company affected by currency fluctuations?

It wasn't about Marmite.

Unilever is the largest grocery manufacturing company in the UK, they had a price row with Tesco due to the increasing prices of making goods on the continent, due to the lowered value of the pound, which is understandable. Tesco then retaliated by blocking any products that Unilever supplied them with (which is a lot of name brand goods, including Marmite) from its online store.

There never was a shortage in brick and mortar stores, companies keep a pretty large stockpile of non perishable goods like Marmite, especially Marmite, which I don't even think has an expiry date.