LVMH (Louis Vuitton Moet Hennessey) and a private fund purchase 10% of Carrefour!

Luxury brand group LVMH and a private investment group took a 10% stake in Carrefour yesterday, creating some havoc in the financial markets. I wasn't quite sure about the reasoning for taking a stake, but someone explained that it was to help the LVMH have a source of cash through Carrefour's supermarket operations, but that it was also to bring its expertise in strategy to the underperforming supermarket chain. A couple of French people told me that it was actually encouraging to see LVMH take a stake in Carrefour, because it suggested that they would try to improve it and that it was curently undervalued.