 "Metro Cash and Carry")
It’s been over three months since Metro Cash & Carry India stocked up on Mondelez India’s products. The fast-moving consumer goods (FMCG) company had asked the membership-based wholesaler to procure goods at lower margins.
The maker of Dairy Milk chocolates decided to cut margins by 25-30 per cent for the Düsseldorf-headquartered self-service wholesaler.
“We have stopped doing business with Mondelez in India. We don’t sell their products because they asked us to cut our margins by 25-30 per cent. This is unacceptable,” said Arvind Mediratta, managing director and chief executive officer, Metro Cash & Carry India.
“We are unable to
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