LONDON Oct 13 Unilever Chief Financial
Officer Graeme Pitkethly said price increases taken to offset
rising costs are a normal part of doing business, but he
declined to comment specifically on a row with Tesco
"This is just devaluation-led cost increase, this is just
quite normal," Pitkethly told Reuters, a day after news emerged
that Tesco, the country's largest grocer, had removed some of
its products, including Marmite spread, Ben & Jerry's ice cream
and Lynx body spray, from its website.
Britain's vote in June to leave the European Union has led
to a sharp fall in the value of its currency.
Pitkethly said Britain accounts for less than 5 percent of
Pitkethly also said the company was on track to reach its
full-year performance targets, which call for full-year sales to
grow 3-5 percent and for margins to improve in a historical
range of 0.3-0.4 percentage points.
(Reporting by Martinne Geller in London. Editing by Jane