The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Last week’s ruling by the Competition Tribunal that found Carrefour guilty of abusing buyer power could set a precedent for small businesses that supply goods worth billions of shillings to retailers at unfair terms.
The ruling found that Majid Al Futtaim Hypermarkets, the parent company for Carrefour’s local operations in Kenya, had abused its power over dairy products supplier Orchards Ltd. It ordered the retailer to review all its supplier agreements within 30 days.
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