BXB News: UPDATE 1-Brambles drops investment in plastic pallets for Costco suppliers - 30th Jun 2022, 4:58pm

annb0t

Top 20
(Adds details, background, CEO comment)

June 30 (Reuters) - Australia's Brambles Ltd said on Thursday it would not invest in the plastic pallet pool for customers who supply to U.S.-based big box retailer Costco Wholesale Corp, as the companies failed to agree on pricing and commercial terms.

Brambles, which owns and rents crates and pallets globally to fast-moving consumer goods companies, has been under investor scrutiny for its proposal to build a plastic pool for its U.S. customers, includ...

>>> Read more: UPDATE 1-Brambles drops investment in plastic pallets for Costco suppliers
 
Top Bottom