Costco Wholesale Corporation

Costco co-founder Jeff Brotman dies

Jeff Brotman, who co-founded retailer Costco and was the board chairman, has died.

Costco Wholesale Corp. said Brotman died early Tuesday. No other details were provided.

"The thoughts of Costco's board, management and employees are with Jeff's wife and family," the company said.

Brotman opened Costco's first warehouse with Jim Sinegal in 1983 in Seattle.

Months earlier, Brotman had met venture capitalist Fred Paulsell on a flight to Seattle that was struck by lightning and made an emergency landing in San Francisco. Brotman talked about opening a chain of low-cost warehouse clubs and Paulsell ended up providing critical financing and advice for the...

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