A PYMNTS Company

Brumby’s apologizes for blaming price hikes on carbon tax

 |  July 4, 2012

Brumby’s, an Australian bakery chain, has issued an apology to the Australian Securities Exchange for encouraging price gouging and blaming the practice on the carbon tax. Deane Priest, Brumby’s managing director, had written in an internal company publication that franchisees should raise prices and “[l]et the carbon tax take the blame.”

Full content: Sydney Morning Herald


Related contentAustralia’s Proposed Information Disclosure Legislation: International Worst Practice


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.