Brexit Leads to Marmite Crisis - HotUKDeals
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Brexit Leads to Marmite Crisis

£0.00 @
Now that I can live with 8) http://news.sky.com/story/tesco-pulls-brands-such-as-marmite-amid-unilever-price-row-10614934 Read More
moneysavingkitten Avatar
6m, 2w agoPosted 6 months, 2 weeks ago
moneysavingkitten Avatar
6m, 2w agoPosted 6 months, 2 weeks ago
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(2)
banned 7 Likes
HotEnglishAndWelshDeals
The supermarkets should simply pass the costs onto the consumers who voted Brexit.
(Re-post from the other thread because it was so hilarious).

You must be a right laugh to have a beer with
5 Likes
HotEnglishAndWelshDeals
The supermarkets should simply pass the costs onto the consumers who voted Brexit.
(Re-post from the other thread because it was so hilarious).

In the same way that the Government should pass on the national debt to all those who voted New Labour.

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#1
Ha ya beat me to it. Ok so you can live with Marmite, but Ben & Jerrys?????
2 Likes #2
peteivy
Ha ya beat me to it. Ok so you can live with Marmite, but Ben & Jerrys?????

Kelly's all the way 8)
#3
You know, not so pleased about the actual leaving Europe bit. Just to be clear, but I'll make the most of a bad situation.

Down with Marmite!
banned 4 Likes #4
Ben & Jerry is obviously an underhand swipe at BLM.

I love Marmite :(
#5
Cold comfort kitty :(
https://www.theguardian.com/business/2016/oct/12/tesco-running-low-key-unilever-brands-price-row-supplier-supermarket-falling-pound
Lot of instore bargains to be found when they had the Premier Foods’ fallout :D

Edited By: thewongwing101 on Oct 12, 2016 19:50
2 Likes #6
moneysavingkitten
You know, not so pleased about the actual leaving Europe bit. Just to be clear, but I'll make the most of a bad situation.

Down with Marmite!
Up with Vegemite :D
#7
The supermarkets should simply pass the costs onto the consumers who voted Brexit.


(Re-post from the other thread because it was so hilarious).
1 Like #8
thewongwing101
moneysavingkitten
You know, not so pleased about the actual leaving Europe bit. Just to be clear, but I'll make the most of a bad situation.
Down with Marmite!
Up with Vegemite :D

Ummm no. Let just spread Pie d'Angloys on everything 8) *hopes that's fake French*
banned 7 Likes #9
HotEnglishAndWelshDeals
The supermarkets should simply pass the costs onto the consumers who voted Brexit.
(Re-post from the other thread because it was so hilarious).

You must be a right laugh to have a beer with
#10
good
2 Likes #11
Just the ususal brinkmanship in negotiation between a big supermarket and a big supplier.
.
Supplier wants more money and buyer wants to pay less.
#12
Hhmmm..Will others follow? Perhaps they should change the name of the site to notsohotukdeals. (_;)
5 Likes #13
HotEnglishAndWelshDeals
The supermarkets should simply pass the costs onto the consumers who voted Brexit.
(Re-post from the other thread because it was so hilarious).

In the same way that the Government should pass on the national debt to all those who voted New Labour.
2 Likes #14
I always find it interesting when people take satisfaction in seeing people deprived of things they don't like anyway. Odd personality trait.
1 Like #15
g8spur
I always find it interesting when people take satisfaction in seeing people deprived of things they don't like anyway. Odd personality trait.

Yes, it can have a funny effect on you when subjected to it for so long. Especially when it's about something more important than Marmite.
1 Like #16
My bet is that it's nothing to do with Brexit, but Tesco flexing its muscles the same way it did with Princes.
#17
RossD89
My bet is that it's nothing to do with Brexit, but Tesco flexing its muscles the same way it did with Princes.

You're right

Edited By: Venezia on Oct 13, 2016 07:10
#18
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
2 Likes #19
"What a time to be reporting your results. Unilever released its latest trading figures this morning - showing underlying sales growth of 4.2% - in the middle of a very public dispute with Tesco over passing on higher costs from the fall in sterling."
2 Likes #20
Im only having marmite baths every other day now.
https://c1.staticflickr.com/1/25/46493287_28068de5ce_z.jpg?zz=1
#21
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Profits and global accounts are represented in US $ (for bonus payment) for shareholder earnings? Unilever is an Anglo Dutch company and trading is carried out in € , and Marmite is one of the many products in this price increase. Moreover, production and distribution of anything takes energy and fuel plus international marketing and the labour factor of salaries paid out in Euros and which is allocated to UK sales as sales and marketing support (Unilever is HQ'ed in London and in the Nederlands).
https://www.unilever.com/investor-relations/annual-report-and-accounts/

Edited By: splender on Oct 13, 2016 10:10: added text
banned#22
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?

In fact with the weaker £ there's a good chance their overseas orderbook should see an increase in Marmite sales.
banned#23
splender
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Profits and global accounts are represented in US $ (for bonus payment) for shareholder earnings? https://www.unilever.com/investor-relations/annual-report-and-accounts/

I see there's a question mark there. Are you asking or telling? If you're telling could you expand please.
#24
cchopps
splender
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Profits and global accounts are represented in US $ (for bonus payment) for shareholder earnings? https://www.unilever.com/investor-relations/annual-report-and-accounts/
I see there's a question mark there. Are you asking or telling? If you're telling could you expand please.
A possible question of motive, amongst many other questions. Investor relations are key to both Tesco and Unilever, they both make profits and do reports to their investors and shareholders. This is typical business governance that happens every year.
.
However the UK shareholders should be laughing for all their holdings for US$ denominated stocks.
#25
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros. Spare parts and maintenance of machinery, machine tools and even equipment such as IT infrastructure and lifts used by staff are often foreign imports.
.
When we read any sources suggesting "Made in UK" means no price increase, in a nutshell, they have abandoned totally what they had learnt at school and later and out to mislead people and to treat people like fools (and they do fall for this cheap misrepresentation) - ingredients and UK labour are NOT the total product cost, there are production, distribution and marketing costs, just to say a few.

Edited By: splender on Oct 13, 2016 10:31: added text
#26
splender
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros.
Marmite is a by-product of beer brewing. It is something that would otherwise be discarded as waste. They are literally demanding more money to not throw away something that isn't intentionally produced.
#27
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
splender
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros.

Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.

With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.

Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).

If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
#28
fanpages
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
splender
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros.
Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.
With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.
Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).
If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
The cost of producing a waste by-product is increasing....
Does Unilever own the brewery that produces the waste product? Genuine question as a I don't know that one.
#29
stuarthanley
splender
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros.
Marmite is a by-product of beer brewing. It is something that would otherwise be discarded as waste. They are literally demanding more money to not throw away something that isn't intentionally produced.
Exercise your consumer power and don't eat the stuff and let them throw it away then.
#30
fanpages
Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.

With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.

Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).

If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
stuarthanley
The cost of producing a waste by-product is increasing....

Does Unilever own the brewery that produces the waste product? Genuine question as a I don't know that one.

Unilever make many products; Marmite is just one of those restricted at Tesco Stores at present.
#31
fanpages
fanpages
Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.
With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.
Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).
If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
stuarthanley
The cost of producing a waste by-product is increasing....
Does Unilever own the brewery that produces the waste product? Genuine question as a I don't know that one.
Unilever make many products; Marmite is just one of those retricted at Tesco Stores at present.
I know but the thread is specifically about the lack of Marmite. Does Unilever even "make" Marmite?
#32
stuarthanley
I know but the thread is specifically about the lack of Marmite. Does Unilever even "make" Marmite?

A quick web search would have told you:

[ http://www.dailymail.co.uk/femail/food/article-3023880/One-Midlands-factory-makes-world-s-Marmite-intrepid-reporter-loathes-stuff-astonished-there.html ]
1 Like #33
fanpages
stuarthanley
Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?
splender
Another spin of my answer, when you read newspaper/media telling you that a product is made in UK so prices shouldn't go up. They (newspaper, media) are effectively saying £0 cost increase in electricity, gas, oil, international element of labour cost in production, distribution and marketing (post Brexit). Not to say many other external (to UK) costs, for example, patents and brand names lodged in Swiss companies which are wholly owned subsidiaries and shares denominated in Swiss Francs or Euros.
Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.
With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.
Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).
If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
True but Marmite is made in the UK (as are many Unilever products) so labour costs are falling, as they are paid in Sterling but sold in Euros.
Swings & roundabouts.

Of course Unilever might be reducing the price they charge for Marmite abroad. (_;)
#34
fanpages
stuarthanley
I know but the thread is specifically about the lack of Marmite. Does Unilever even "make" Marmite?
A quick web search would have told you:
[ http://www.dailymail.co.uk/femail/food/article-3023880/One-Midlands-factory-makes-world-s-Marmite-intrepid-reporter-loathes-stuff-astonished-there.html ]
The article doesn't say if Unilever owns the brewery that makes the waste by product but thanks anyway.
#35
stuarthanley
The article doesn't say if Unilever owns the brewery that makes the waste by product but thanks anyway.

I replied to your question about whether Unilever makes Marmite or not; not if they own a brewery.
#36
fanpages
Unilever, supplier of Marmite, is an Anglo-Dutch Company; & they trade in Euros.

With the Pound weakening against the Euro, the costs of production are increasing.
Equally, with the Pound weakening against the US Dollar, transport fuel costs are increasing.

Unilever is attempting to pass on these increases to their customers (in this case, Tesco PLC/Tesco Stores Limited).

If other supermarkets take the same stance as Tesco, then Unilever will either be forced to back down & swallow the increased costs in their profit margins, or withdraw from supplying UK retailers completely.
[email protected]
True but Marmite is made in the UK (as are many Unilever products) so labour costs are falling, as they are paid in Sterling but sold in Euros.
Swings & roundabouts.

Of course Unilever might be reducing the price they charge for Marmite abroad. (_;)

Labour costs are not falling, if these costs are recorded in Euros inside Unilever.
#37
stuarthanley
fanpages
stuarthanley
I know but the thread is specifically about the lack of Marmite. Does Unilever even "make" Marmite?
A quick web search would have told you:
[ http://www.dailymail.co.uk/femail/food/article-3023880/One-Midlands-factory-makes-world-s-Marmite-intrepid-reporter-loathes-stuff-astonished-there.html ]
The article doesn't say if Unilever owns the brewery that makes the waste by product but thanks anyway.

It was on the news this morning that once again another company this time Unilever are using Brexit as a scapegoat, sure prices are increasing but the experts were saying its wrong to blame it on Brexit. when Article 50 goes ahead, I doubt unilever will be reducing prices in-line with a strengthening pound.
1 Like #38
Unilever trying to hike Tesco prices of their Unilever brand products by 10% because of the exchange rate and "falling Pound", for mostly UK made brand products which wouldn't be heavily affected by the "falling Pound". Who make billions in profits every year? F them I'm boycotting them, their products are not that "special" when comparing to own label products.
3 Likes #39
Most boring thread I've ever created. Unsubbing X)

*makes a mental note to never do this again*
#40
fanpages
stuarthanley
The article doesn't say if Unilever owns the brewery that makes the waste by product but thanks anyway.
I replied to your question about whether Unilever makes Marmite or not; not if they own a brewery.
But it's the brewery that makes the by product which was the actual question. Comment #28

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