Moody's downgrades smoked salmon producer Labeyrie over concerns about consumer spending

Although the company normally can pass on cost increases to customers, the sustained inflation might result in consumers moving away from premium products.

Moody has downgraded Labeyrie, partly as it fears consumers may be shying away from expensive products and opting for cheaper alternatives this Christmas, which will further weaken the French premium product retailer.
Moody has downgraded Labeyrie, partly as it fears consumers may be shying away from expensive products and opting for cheaper alternatives this Christmas, which will further weaken the French premium product retailer.Photo: BNCDPX
Published 8 December 2022, 14:49Updated 8 December 2022, 14:51