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)
Related news
Millions can make decisions about millions with just one move at Tesco
Millions of people once again have millions of forints and…
Read more >Tesco is introducing a new type of point-of-sale advertising tool in Hungary
On June 21, at the first Tesco Media Supplier Forum…
Read more >Retail trade and FMCG have become more attractive to workers
On 25 April Randstad Magyarország published the list of Hungary’s…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >