By  on November 7, 2011

PARIS — Luxury titan Bernard Arnault continues to build his stake in Carrefour SA, which has faced an uphill climb convincing investors of its turnaround potential.

In filings to French stock market regulator AMF on Monday, Blue Capital, the investment fund owned by Groupe Arnault and Colony Capital, disclosed that it crossed the 15 percent ownership threshold, controlling 16.02 percent of the share capital and 22.03 percent of the voting rights.

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