Carrefour, the world’s second largest retailer, has been hit with a fine that is the equivalent of $2.69 million (US) by a French regional court, which found the company guilty of false advertising, collusion with suppliers, and selling items below cost.
Carrefour released a statement saying it was surprised by the severity of the fine, and said that it planned to appeal.
Carrefour released a statement saying it was surprised by the severity of the fine, and said that it planned to appeal.
- KC's View:
- Deceptive advertising, collusion with suppliers, and selling items below cost? Wow. In the US, those things are sort of business as usual, and if you make money doing them, you get invited to give speeches at trade shows.
