Kenya Slaps Carrefour Franchisee With $7.1 Million Fine for Market Abuse
- Majid Al Futtaim fined for abusing buyer power in contracts
- Firm required suppliers to offer free products for openings
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Kenya’s antitrust body fined Majid Al Futtaim Holding LLC, the operator of Carrefour SA stores in the East African nation, 1.1 billion shillings ($7.1 million) for abusing its buyer power, the biggest such penalty in the country to date.
The Competition Authority of Kenya found that Carrefour abused its “superior bargaining position” over Pwani Oil Products Ltd., a supplier of fast-moving consumer goods, such as skin-care products and Woodlands Co. Ltd., a honey producer, it said in a statement.