Mexico’s CNA Fines Liverpool and Chedraui Over Mall-Rent Collusion

Regulatory Overhang Key Facts —The fine. Mexico’s CNA 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 GICSA, were sanctioned. —The conduct. Competitors agreed to fix maximum rent discounts and deny reductions to tenants during the pandemic. —The harm.…