Speaking on Sunday night, French President Emmanuel Macron also criticised the companies for maintaining high prices despite a decline in inflation.
Data compiled for Reuters by Bernstein shows France accounted for an estimated 8% of Activia yogurt-maker Danone's total reported sales in 2022, and nearly 4% of Nestle's annual sales. In both cases, the United Kingdom came second. Laurent Cenatiempo, Competition and Legal Affairs Manager at European Brands Association AIM, said consumer goods groups would fear retailer retaliation.