Carrefour Contests French Fine Recommendation That Hit Shares.

Carrefour SA, a French retailer, is contesting a government report that recommended a €200 million fine for the company's practices regarding franchisees. The report accuses Carrefour of engaging in practices that restrict competition and suffocate franchisees. The government claims that Carrefour requires franchisees to sign multiple contracts that prevent them from obtaining supplies at lower prices. Carrefour denies the allegations and believes it can demonstrate the validity of its contracts and the fairness of its relationships with partners. The court will issue its ruling in the next 12 to 18 months. [Extracted from the article]