PARIS — Carrefour SA said Friday it would contest a decision by the Paris Court of Appeal that it should pay a fine of 2 million euros, or $2.6 million at current exchange, and give back 17 million euros, or $22.4 million, in rebates received from its suppliers in 2005 and 2006.

 

The court claims that Carrefour illegally received disproportionate payments in comparison with services rendered to suppliers by the retailer.

 

“The entirety of the services rendered to suppliers was real,” a spokesman for Carrefour said. “Carrefour received 2.4 million euros for services rendered, and not 17 million euros.”

 

He explained that under French law, commercial agreements between retailers and suppliers cannot be brought into question, and that none of its suppliers had come forward against the retailer.

load comments
blog comments powered by Disqus