Frito-Lay – PepsiCo-owned snack maker Cheetos, Doritos, Lays, Ruffles and Sunchips – started an unexpected food feud in February when it abruptly cut off one of Canada’s largest grocery chains for refusing to raise the prices. . The company said in February it had taken the extraordinary step because it was facing “unprecedented pressures from rising cost of goods, including components, packaging and shipping”. It pushed Loblaws to charge customers more for their products in order to recoup those higher costs, Frito-Lay said. However, Loblaws declined to pass on those costs, with the grocery chain saying it was “focusing on the laser” to keep prices as low as possible. The Financial Post was the first to mention an agreement between Loblaws and PepsiCo. When contacted by CBC News, a Loblaws spokesman did not provide details about any deal, but said “we are pleased to once again have a wide range in our chip runway”. “Throughout, it was about providing value to our customers,” the spokesman told CBC News on Saturday. The Loblaws spokesman added that the stores are expected to be fully stocked with Frito-Lay products before next Easter weekend.
