Galeries Lafayette owner increases Carrefour share

“Belief in Carrefour’s innovation plan”

The family had already acquired a 6.1 % stake (44.2 million shares) back in April 2014, for the price of 1.3 billion euro. “We have gradually increased our investment in Carrefour’s capital, which now gives us 9.5 % and makes us the second largest shareholder”, Philippe Houzé, working for the Motier family holding, said. The joint force of Colony Capital and Groupe Arnault, who own 14.8 % together, is Carrefour’s largest shareholder.

The Moulin family wants to have two seats in Carrefour’s next shareholders’s meeting: “We strongly believe in Carrefour’s innovation plan“, Houzé told press agency Reuters. “We also back [CEO] Georges Plassat’s strategy, whom I greatly appreciate.”  When the family became a reference shareholder last year, Houzé had already emphasized “the friendly nature” of its participation.