Carrefour Supermarket [Photo/Business Daily]
French retailer Carrefour is currently seeking permission from the Competition Authority of Kenya to deny access to any of its rivals looking for tenancy at any location it has already set up an outlet.
According to a notice, the retailer submitted an application to the competition watchdog is looking to bar any new food outlets in the malls for the next 19 years or any competition supermarket for six years.
CAK has already hinted at a possible rejection however legally they possess the mandate as provided by the law.
“The aforementioned clauses are in contravention of sections of the Competition Act unless an exemption is granted under section 25(1), hence the application,” said CAK Director-General Kariuki Wang’ombe.
Carrefour is eager to announce their presence in the Kenyan market as rival Nakumatt continues with its financial woes.
According to Freda Rutere-Mbugua, Development Manager for the Karen Waterfront Mall allowing different retailers into a mall is good business.
“We believe the careful evaluation of tenancy mix ensures that all retailers thrive in the new mall, which ultimately benefits the landlord,” said Rutere-Mbugua.