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Tesco 'pleased' Unilever dispute resolved

Credit: PA

Tesco has said it is "pleased" that its dispute with Unilever has been resolved.

The comments from the supermarket giant come after Unilever confirmed the "supply situation" with Tesco involving the price of Marmite and other products had been "successfully resolved" and that the items are "once again fully available".

In a statement a spokesperson for Tesco said: "We always put our customers first and we're pleased this situation has been resolved to our satisfaction."

Unilever 'successfully resolves' dispute with Tesco

Credit: PA

Unilever confirmed the "supply situation" with Tesco involving the price of Marmite and other products had been "successfully resolved" and that the items are "once again fully available".

In a statement a spokesperson for the supplier said: "Unilever is pleased to confirm that the supply situation with Tesco in the UK and Ireland has now been successfully resolved.

"We have been working together closely to reach this resolution and ensure our much-loved brands are once again fully available.

"For all those that missed us, thanks for all the love."

Consumers warned of price rises amid Unilever row

Consumers have been told they could face price hikes.

It is understood Unilever is in active discussions over price rises with the other major supermarket chains, but Tesco's fellow Big Four grocers declined to comment.

The Co-Operative also said it does not "talk openly around discussions with any supplier".

Discounter Lidl added: "Whilst we do not discuss buying prices, we can always assure our customers that we will offer them the best quality products at the lowest retail prices."

Consumers have been told they could face a New Year surge in prices as experts warned the Tesco spat was just the "thin end of the wedge".

Steven Dresser, retail analyst at Grocery Insight, said there was likely to be a round of price hikes in January as retailers look to pass on higher costs once the festive season is out the way.

Retailers are facing rising costs of goods and materials from the plunging value of the pound since the Brexit vote, but are under pressure to keep prices low amid an intensely competitive market.

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Unilever: 'Supermarket prices will increase'

Unilever has said an increase in prices because of Brexit is inevitable Credit: PA

Goods manufacturer Unilever has admitted prices of its products will rise as sterling continues to collapse.

Unilever finance chief Graeme Pikethly said he hopes the company's price dispute with Tesco will be "resolved very quickly".

But Mr Pikethly insisted that, as the UK accounts for 5% of turnover, prices must increase in supermarkets due to the falling value of sterling.

Since the EU referendum on June 23, the pound has lost nearly 18% of its value against the dollar.

Unilever CEO Paul Polman warned in June that a vote to leave the EU's single market would increase prices for consumers.

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