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.”