Mexico Antitrust Regulator Fines Liverpool and Chedraui for Mall Rent Collusion

Mexico’s Comisión Nacional Antimonopolio (CNA) imposed fines exceeding 500 million pesos (about US$27 million) on 10 June 2026 on a group of retailers and shopping‑centre developers. The sanctions target department‑store chain El Puerto de Liverpool, supermarket operator Grupo Chedraui, and developers including Grupo Danhos, GICSA, Acosta Verde, DMI and ARYBA for fixing the maximum discounts they would offer on commercial rents and for refusing rent reductions to tenants during the COVID‑19 pandemic. The regulator estimated the damage to tenants at roughly 404 million pesos. The companies can appeal the decision before Mexico’s competition courts, a process that could extend for years and potentially reach the Supreme Court. Liverpool’s real‑estate arm, which designs, builds and rents out spaces in its 30 shopping centres, generated net income of 5.286 billion pesos in the prior year, accounting for about 2.3 % of the retailer’s total revenue.