Mexico's CNA (formerly Cofece) fined Liverpool, Chedraui and mall developers over 500 million pesos (US$27M) for colluding on commercial rents.
Regulatory Overhang
Key Facts
—The fine. Mexico’s Cofece imposed fines exceeding 500 million pesos (about US$27 million) on 10 June 2026.
—The targets. Retailers Liverpool and Chedraui, plus developers including Grupo Danhos and Inmuebles Carso, were sanctioned.
—The conduct. Competitors agreed to fix maximum rent discounts and deny reductions to tenants during the pandemic.
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