Headlines

Billionaire Bernard Arnault Sells Carrefour Shares

Arnault’s departure comes following the overhaul of the supermarket chain

Published

3 years ago

September 1, 2021

VMSD Staff

Billionaire Bernard Arnault Sells Carrefour Shares — tomeqs / Shutterstock.com

tomeqs / Shutterstock.com

Luxury goods billionaire Bernard Arnault has sold out of supermarket group Carrefour (Massy, France), reports Reuters. Arnault invested in the company 14 years ago and held a 5.7 percent stake via his Financiere Agache holding company.

Arnault reportedly said in a statement: “Over the last four years, Carrefour has achieved an outstanding recovery under the management of Alexandre Bompard … After 14 years during, we have decided to pursue the reorientation of our investments.”

Related Topics:carrefour grocery retail

VMSD Staff

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