LeClerc Fined For Supplier Contract Clauses
Published on Jan 29 2014 2:06 PM in Retail
The Court of Appeal in Paris has fined French retailer LeClerc €500,000 for unbalanced clauses inserted into its contracts with suppliers.
Minister of the Economy Pierre Moscovici and Consumer Minister Benoît Hamon made the decision last November to bring LeClerc before the Commercial Court of Paris for significant imbalance in its terms of agreement with its suppliers.
As well as receiving the large fine, the company must also change clauses in its supplier contracts.
In other news, Pascal Payraudeau, head of LeClerc’s Drive operations, has unveiled plans to open 150 new locations this year. The retailer aims to have 600 sites open by the end of the year, expanding this number to 800 Drive sites by 2016.
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