Carrefour hit with 'record' Sh1.1bn fine over abuse of buyer power

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Carrefour Supermarket in Mombasa. FILE PHOTO | NMG

Retailer Majid Al Futtaim Hypermarkets Limited which operates as Carrefour has been ordered to part with Sh1.1 billion in fines by the competition watchdog over supplier abuse.

The order by the Competition Authority of Kenya (CAK) follows months-long investigations into the retailer’s supplier dealings following complaints forwarded by two manufacturers; Woodlands Company Limited and Pwani Oil Products Limited.

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Note: The results are not exact but very close to the actual.