PARIS — Shares in Carrefour SA rose 5.9 percent on the Paris bourse Friday after the retail giant said it had sold its operations in Colombia for an enterprise value of 2 billion euros, or $2.62 billion at current exchange rates.
Carrefour said the Chilean group Cencosud, which operates in Chile, Brazil, Peru, Argentina and Colombia, would take over its 72 hypermarkets, 16 convenience stores and four cash-and-carry units. Excluding sales of gasoline, they are said to generate annual revenues of about 1.5 billion euros, or $1.96 billion at current exchange.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"