Argentina Government Intervenes After Country Runs Out of World Cup Stickers [Business News Network (BNN) (Canada)]
MercadoLibre, Inc. (MELI)
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Source: Business News Network
The stickers, a World Cup tradition for decades, are few and far between in Buenos Aires. On Tuesday afternoon, Argentina's commerce secretary convened the sticker manufacturer, Italian firm Panini SpA, and a local union of kiosk stands that sell the stickers to reach a compromise. Read More: FIFA World Cup Fans Will Spend $1,200 to Fill 2022 Sticker Album Panini says demand for this year's World Cup is up by 40% compared to the last tournament, outpacing the company's own expectations and production, according to Argentine newspaper La Nacion. The kiosk union says Panini isn't providing adequate supply. The government intervention -- a move by an administration known for its unorthodox approaches to issues from inflation to exports -- also speaks to the local soccer craze. Argentines' sticker fixation in recent days has led to wall-to-wall media coverage, viral comments on social media and endless group chats on WhatsApp bantering about the shortage. Many joke that fathers fra
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