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    Brexit Leads to Marmite Crisis

    Now that I can live with

    news.sky.com/sto…934

    69 Comments

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

    Original Poster

    peteivy

    Ha ya beat me to it. Ok so you can live with Marmite, but Ben & … Ha ya beat me to it. Ok so you can live with Marmite, but Ben & Jerrys?????



    Kelly's all the way

    Original Poster

    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

    Ben & Jerry is obviously an underhand swipe at BLM.

    I love Marmite

    Cold comfort kitty
    theguardian.com/bus…und
    Lot of instore bargains to be found when they had the Premier Foods’ fallout
    Edited by: "Wongy110" 12th Oct 2016

    moneysavingkitten

    You know, not so pleased about the actual leaving Europe bit. Just to be … 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

    The supermarkets should simply pass the costs onto the consumers who voted Brexit.


    (Re-post from the other thread because it was so hilarious).

    Original Poster

    thewongwing101

    Up with Vegemite



    Ummm no. Let just spread Pie d'Angloys on everything *hopes that's fake French*

    Banned

    HotEnglishAndWelshDeals

    The supermarkets should simply pass the costs onto the consumers who … 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

    good

    Just the ususal brinkmanship in negotiation between a big supermarket and a big supplier.
    .
    Supplier wants more money and buyer wants to pay less.

    Hhmmm..Will others follow? Perhaps they should change the name of the site to notsohotukdeals. (_;)

    HotEnglishAndWelshDeals

    The supermarkets should simply pass the costs onto the consumers who … 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.

    I always find it interesting when people take satisfaction in seeing people deprived of things they don't like anyway. Odd personality trait.

    Original Poster

    g8spur

    I always find it interesting when people take satisfaction in seeing … 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.

    My bet is that it's nothing to do with Brexit, but Tesco flexing its muscles the same way it did with Princes.

    RossD89

    My bet is that it's nothing to do with Brexit, but Tesco flexing its … 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" 13th Oct 2016

    Marmite is made in Burton. Why would the exchange rate of the £ have any affect on something made in the UK?

    "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."

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have any … 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).
    unilever.com/inv…ts/
    Edited by: "splender" 13th Oct 2016

    Banned

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have any … 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

    splender

    Profits and global accounts are represented in US $ (for bonus payment) … 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.

    cchopps

    I see there's a question mark there. Are you asking or telling? If you're … 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.

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have any … 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" 13th Oct 2016

    splender

    Another spin of my answer, when you read newspaper/media telling you that … 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.

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have … 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 … 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.

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have … 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 … 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.


    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.

    stuarthanley

    Marmite is a by-product of beer brewing. It is something that would … 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.

    fanpages

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

    fanpages

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


    I know but the thread is specifically about the lack of Marmite. Does Unilever even "make" Marmite?

    stuarthanley

    I know but the thread is specifically about the lack of Marmite. Does … 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:

    [ dailymail.co.uk/fem…tml ]

    stuarthanley

    Marmite is made in Burton. Why would the exchange rate of the £ have … 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 … 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.


    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. (_;)

    fanpages

    A quick web search would have told you:[ … 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.

    stuarthanley

    The article doesn't say if Unilever owns the brewery that makes the waste … 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.

    fanpages

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

    stuarthanley

    The article doesn't say if Unilever owns the brewery that makes the waste … 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.

    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.

    Original Poster

    Most boring thread I've ever created. Unsubbing X)

    *makes a mental note to never do this again*

    fanpages

    I replied to your question about whether Unilever makes Marmite or not; … 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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