Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

French Court Fines Carrefour €1.75m Over Trade Practices

The Paris Commerce Court has fined French retailer Carrefour €1.75 million ($2.1 million) for unfairly squeezing its suppliers on price during annual contract negotiations, the finance ministry said on Friday.

The ruling follows a probe by anti-trust authorities into Carrefour's practices during its 2016 negotiations with suppliers, the statement said.

The investigation found that Carrefour had forced suppliers to give discounts as a pre-condition to entering annual price negotiations.

'Practices That Restrict Competition'

The court ordered Carrefour to stop what it called 'practices that restrict competition' and requested the provisional execution of the fine.

Carrefour said it had put an end to the incriminated practices since February 2016 and would not appeal.

"The court did not reject the principle of seeking a discount but considered the discount was not sufficiently justified in its application," a Carrefour spokeswoman said.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days