The Moulin family has revealed it currently controls more than 10 % of French retailer Carrefour's capital and confirms it may continue to increase its stake in the Franch supermarket chain in the future.
Founders of Galeries Lafayette
The Moulin family controls Galfa, which currently owns 10.06 % of Carrefour, up from 9.5 % at the end of last year. The familiy stated in a press release that its intended future purchases are not meant to take over control within Carrefour, which should help to assure other investors. It also states it gives the current Carrefour CEO, Georges Plassat, its full backing.
Being the largest shareholder does grant them two seats on Carrefour's board of directors. Those are taken by Philippe Houze and Patricia Lemoine, son and daughter of Ginette Moulin, who is the granddaughter of Galeries Lafayette's founder. That chain is also controlled by the Moulin family.