Citing pricing issues, Wal-Mart to cut banana orders from Chiquita by a third
Citing pricing issues, Wal-Mart to cut banana orders from Chiquita by a third
A June 7 U.S. Securities & Exchange Commission filing by Chiquita Brands International in Cincinnati brought to light news that the nation's largest retailer, Wal-Mart, cut its Chiquita banana orders by 33 percent. Chiquita corporate spokesman Mike Mitchell told The Produce News that the lost business "is not new," with the Wal-Mart business having been lost in December over pricing differences. A new contract went into effect on May 1. Chiquita made full public disclosure of company issues to the SEC as part of its ongoing effort to buy Fresh Express in Salinas, CA. In the disclosure