Very interesting news in French professional magazin lineaires: Moulin familly (who funded and own Galleries Lafayette) has become the first shareholder of Group Carrefour, overpassing Bernard Arnaud & Colony Capital.
This is a very interesting News. Indeed Carrefour's shareholding used to be divided in very small pieces, which complicated the possibility of the company to have a long term strategy.
Now Carrefour counts 3 main shareholders, counting for about 30% of the votes:
Now Carrefour counts 3 main shareholders, counting for about 30% of the votes:
- The Moulin Familly, which owns Gallery Lafayette, a retailer specialized in fashion and premium goods.
- Groupe Arnault, which is also in the luxury business with its LVMH company.
- Abilio Diniz, which is one of the trail blazer and most influential retailer in Brazil, a strategic market for Carrefour.
What I liked about this news is that it gives strength and purpose to the board, which can now focus on the retail business on a long term prospective. Moreover, those 3 shareholders have knowledge about the retail business.
I believe this will be interesting to see how they see the future of Carrefour.
Capital | Droits de vote | |
Famille Moulin (1) | 11,51 % | 15,33 % |
Groupe Arnault (2) | 8,95 % | 11,92 % |
Abilio Diniz (3) | 8,05 % | nc |
Colony Capital (2) | 5,23 % | 7,70 % |
Bank of America Corp. (4) | 5,15 % | 4,53 % |