Carrefour Contests French Fine Finding That Hit Shares
- Relationship with franchisees hurts competition, ministry says
- Fine recommendation is “disproportionate,” Carrefour says
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Carrefour SA said it “vigorously contests” the findings in a government report into contractual relationships with franchisees that recommended the company be fined €200 million ($214 million) for its practices.
France’s finance and economy ministry made the recommendation in a filing in a court case that pits an association of franchisees against the retailer.