Galeries Lafayette, the second largest shareholder of Carrefour (Link to Original in French :{http://bit.ly/PHqTYJ})
The holding of the Moulin family has invested more than one billion euros in the operation.
" Carrefour , here we are ," might exclaim the Moulin family announced on Monday , have acquired a 6.1% stake in the world's second largest retailer . Operation of more than one billion euros ( 1.26 billion specifically during action Monday is 29,15 euros ) that the owners of Galeries Lafayette 's second largest shareholder in the group, behind Arnault Group that controls more than 13 % ( with , also , the vehicle Cervinia Europe ) and before the funds Colony Capital ( 5.9 % total) . The investment is to be " strategic and economic" and " part time " says the statement released . " Friendly " still indicate familiar with the matter . It is done by the family holding Motier chaired by the matriarch Ginette Moulin, whose name recalls holding , in passing, that the Marquis de Lafayette was actually called Gilbert Motier ...
Given the similarity of values , one might think that there Moulincarr family reinvests it has recovered from the sale of shares in Galeries Lafayette in Monoprix to Casino or 1.17 billion euros . But according to our information, the financing stake in Carrefour occurs only in part by drawing on cash Motier , the balance of the debt. The statement on Monday insisted that " Motier also actively pursuing its strategy of developing its core department store and will devote the necessary resources in the coming years activity." In other words, Galleries and its president Philippe Houze ( the son of Ginette Moulin ) , which, moreover , have yet to resolve the assignment of Laser -Cofinoga BNP Paribas , always have the resources of a large acquisition necessary for the development of group .
Nevertheless, Carrefour , movement sounds like good news. For the Moulin family , " he reflects its confidence in the growth potential of Carrefour ." Proof one billion underlining the success of turnaround in two years by CEO Georges Plassat . This gives , in addition, the inventor of a new hypermarket shareholder that is sure to ask on the board , even if the resolutions of the next meeting of Carrefour, April 15 , are already written. Motier is a family consisting of retail professionals . If today there is no question of Groupe Arnault and Colony Capital to act in concert with it , one can not help thinking that when these financial investors want to get their money back , they will turn first to owners Galleries . Upon arrival in the capital of Carrefour, in February 2007, the holding company of Bernard Arnault and U.S. fund was not intended to operate as shareholders. They were shareholders while second place behind the Halley family, heirs of Promodès family then gradually diluted its positions.