Prague´s first outlet war kicks off

Prague´s first outlet war kicks off

Published at: 2018-03-12 06:30 | Author: CIJEurope.com
FAOC, the company operating Fashion Arena Prague Outlet in Prague, claimed last week to have received a favorable verdict from the Supreme Court cancelling a temporary injunction that would prevent it from forbidding its tenants from opening stores in similar malls within a certain distance. The court reversed the ruling having found that sufficient legal grounds had not been provided by Fashion Arena's new competition, writes the weekly Týden. “We're very pleased that the supreme court in Prague confirmed our position in such a short period of time. We believed that the temporary injunction would be revoked because it's a completely normal practice in our sector all across Europe,” said Lenka Čapková, director of the outlet mall.
However, the company running The Prague Style Outlets disputes this interpretation. "Fashion Arena can hardly claim that the Supreme Court has in any way confirmed these restrictive contractual clauses were legal and legitimate and that Fashion Arena can use them freely. The Supreme Court's ruling implies no such thing. On the contrary, it confirmed that both outlet centers are competing with each other in the relevant market and that the problematic contractual clauses issues demanded by the operator of Fashion Arena could cause damage to the company The Prague Outlet. We are therefor convinced that the limiting contractual clauses are illegal and that by using them, Fashion Arena is breaking the law."

Similar Stories:

IKEA shutting down Wenceslas Square pop-up store
IKEA will be shutting down its pop-up store in the center of Prague by the end of August.  »
Metro selling majority stake in Chinese operations
Germany’s Metro AG has called for bids for a majority share its Chinese network of 95 st  »
Pevec to break ground on 26th sales center in Croatia
Pevec is poised to break ground on a new sales center in Vinkovci, northeastern Croatia. T  »
New shopping center opening in northern Croatia this summer
A new shopping center is scheduled to open in Zupanja, northern Croatia, this summer. The  »
Rumors that Tesco is on the way out of Poland are certainly nothing new, but another Briti   »
You’ve been expanding your portfolio as quickly as possible. How are you using the incre   »
In a deal that’s reportedly still being finalized, Jeronimo Martins and Auchan will take   »
How has ParkLake performed over the last two years? ParkLake has performed increasingly p   »