The Brexit and the British supermarket chains

The British-owned supermarket chains – such as Tesco and Marks & Spencer – may be affected badly with the effect of weakening pound caused by the Brexit and more expensive imports. The German discount chains, however, due to exchange rate effects can benefit – napi.hu wrote.

The Kantar market research institute made a forecast about how Great Britain’s departure from the EU will affect the active British retail market players. The determining British trading companies dominating large part of the UK’s FMCG market can worry in the short term due to the fact that the purchase of imported goods from the EU will become more expensive, as a result of the weaker pound / euro exchange rate. (napi.hu)