Carrefour will not sell fuel at a loss, its CEO confirms to the National embly

By Le Figaro with AFP

Published ,

Large retailers do not want to sell fuel at a loss. SARAH MEYSSONNIER / REUTERS

“We must not open this Pandora’s box,” declared its CEO Alexandre Bompard during a hearing before the embly’s Economic Affairs Committee.

Carrefour, the 2nd largest player in food distribution in France behind E.Leclerc, does not “will not sell at a loss» of fuel, announced its CEO Alexandre Bompard on Wednesday during a hearing before the Economic Affairs Committee of the National embly, confirming information from Figaro .

The ban “reselling at a loss has been a very important principle of commerce since 1963», Estimated Alexandre Bompard, also president of the Federation of Commerce and Distribution (FCD) which represents a large part of the sector, adding that “we must not open this can of worms“.

More information to come…

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