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German food retailer Kaufland to drop Unilever products over price hikes

German food retailer Kaufland Stiftung & Co. KG said its stores will stop carrying Unilever products in response to the consumer goods company's price increases.

In an emailed statement to S&P Global Market Intelligence, Kaufland said it had been negotiating with Unilever since May but its solutions were rejected.

The Dieter Schwarz Stiftung gemeinnützige GmbH unit operates 660 stores in Germany and will drop products by Knorr, Lipton, Ben & Jerry's, Magnum, Dove, Rexona and Axe, among other brands. The move will also affect its stores in the Czech Republic, Slovakia, Croatia, Poland, Romania and Bulgaria.

A spokesperson for Unilever, whose listed entities are Unilever PLC and Unilever NV, said it would not comment as its customer relationships are confidential.