McDonald’s and KFC warn of price hikes if no Brexit deal
London (CNN Business)McDonald’s (MCD), KFC (YUM) and Pret a Manger have joined with UK supermarkets to warn that crashing out of the European Union will result in “significant” disruptions to their supply chains.
The companies said in a letter sent to UK lawmakers on Monday that they will not be able to maintain the “choice, quality and durability” of food if Britain leaves the bloc without an exit agreement in place that protects trade with Europe.
“While we have been working closely with our suppliers on contingency plans it is not possible to mitigate all the risks to our supply chains,” they wrote.
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