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Market
Will Carrefour amend its supplier contracts by the end of 2024?
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High Court•Competition Authority of Kenya•Carrefour Supermarket•Carrefour•Orchards Ltd•Competition Authority•Majid Al Futtaim Hypermarkets
Resolution / Starting Odds
Yes • 50%
No • 50%
Public statements from Carrefour or the Competition Authority of Kenya, or changes documented in new supplier contracts
Story
High Court Upholds Ruling Against Carrefour, Orders Sh289,482 Payment in Buyer Power Abuse Case
May 24, 2024, 12:39 PM
The High Court has upheld the Competition Authority of Kenya's decision that found Carrefour Supermarket guilty of abusing its superior bargaining power. The court ordered Carrefour to pay Orchards Ltd Sh289,482 in rebates and to amend its supplier contracts. This decision follows a finding by the Competition Authority in February 2020. Majid Al Futtaim Hypermarkets, the owners of Carrefour, issued a statement acknowledging the ruling and expressing their commitment to upholding the validity of their existing supplier agreements.
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Similar markets
Significantly weakened • 33%
Slightly weakened • 33%
No significant change • 34%
Improve • 33%
Worsen • 33%
Remain the same • 34%
Significantly more negative • 33%
Slightly more negative • 33%
Unchanged • 34%
Change in supplier contracts • 25%
No change in operations • 25%
Increase in compliance and transparency efforts • 25%
Public campaigns to assure fair trade practices • 25%
Yes • 50%
No • 50%
