Business Daily | by Victor Juma
Carrefour, the Kenyan supermarket franchise owned by Majid Al Futtaim Hypermarkets Limited, risks losing more than Sh300 million worth of rebates from suppliers annually after it was ordered to stop charging the fees.
The Competition Tribunal on Tuesday ordered the retailer to amend all its contracts with suppliers within 30 days to remove several requirements including rebates that it has been charging at a rate of 1.25 per cent of annual sales…
