Intermarché Boss Claims Floor Prices Hinder European Competitiveness

Intermarché Boss Claims Floor Prices Hinder European Competitiveness

Emmanuel Macron’s proposed floor prices, which were announced during his visit to the Agricultural Show, have not been well-received by Thierry Cotillard, CEO of Mousquetaires/Intermarché. Cotillard mentioned that the proposed prices hadn’t been discussed with other ministers, and could potentially hinder European competitiveness.

Cotillard suggests that concrete, immediate decisions are needed. He supports an Egalim law that promotes further directionality and transparency.

Regarding European purchasing centers, Cotillard states that the group buys everything in France and will continue to do so if it’s confirmed as legal. He believes these centers help influence inflation and is willing to propose a charter to protect farmers’ income.

The words of Marc Fesneau “not up to the level”

Reacting to Marc Fesneau’s comments accusing large-scale distribution of a “lack of patriotism,” Cotillard expressed disappointment. He added that his private label has always chosen to have factories in France and ensures that all raw materials sold are 100% French.