E.Leclerc CEO rejects contract renegotiations discussion

E.Leclerc head Michel-Edouard Leclerc warned that higher oil prices could affect some shelf prices in coming months, although current products were bought before the conflict. Speaking on TF1, he said transport and plastic packaging costs could rise if tensions persist. Leclerc said there was no current reason to raise prices and rejected broad renegotiations with manufacturers, but said retailers would consider justified adjustments and negotiate or spread out increases. (Capital)