Published in General on 06-05-2020
The coronavirus has had a real impact on European retail: sales dropped 10.4 % in general, and even 21.3 % for non-food products in March alone.
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French Economy Minister Bruno Le Maire is already threatening to torpedo a possible takeover deal between Carrefour and Canadian Couche-Tard under the guise of "food sovereignty".
Farmers blame the big chains for getting too little for their produce, but the supermarkets refute this. A Dutch agricultural economist nuances the discussion. "Nobody in the chain earns excessively," states Willy Baltussen of Wageningen University.