PARIS — Groupe Galeries Lafayette’s owners have increased their stake in Carrefour, a spokeswoman for the retailer confirmed.
Motier, the family holding company that owns Groupe Galeries Lafayette, has increased its stake in Carrefour to 9.5 percent, Philippe Houzé, the chief executive officer of the department store operator, told French financial daily Les Echos.
In April last year, Motier bought 6.1 percent of the share capital of Carrefour, the world’s second-largest retailer behind Wal-Mart Stores Inc.
Now Carrefour’s second-largest shareholder, Motier has no intention of increasing its stake further, Houzé is quoted as saying.
Motier is the investment arm of the Moulin family, which owns 100 percent of Groupe Galeries Lafayette. It is presided over by Ginette Moulin, who heads the supervisory board of Galeries Lafayette and is the granddaughter of the group’s founder.