Following the High Court of Kenya’s ruling yesterday that upheld Majid Al Futtaim right to fair administration and overturned the earlier decision ordering Majid Al Futtaim to amend its supplier agreements, we thank the High Court and consider that this essentially upholds the validity of Majid Al Futtaim’s existing suppliers’ agreements. We remain committed to conducting our business with fairness and integrity, working collaboratively with our partners to ensure a sustainable, equitable, and mutually beneficial business environment and in accordance with Kenya’s Code of Retail, in which we were honoured to play a founding role.
Since beginning our retail operations in Kenya in 2016, we have taken great pride in upholding the highest standards of global best practice and adopting standardised commercial terms with our local partners. In doing so, we work together for the mutual success of our Carrefour brand and our suppliers, partners and stakeholders, while offering unparalleled value and affordable pricing to our customers in Kenya.