Finance
Billionaire Peugeots Plan Investment Firm Changes After Drop
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The investment firm controlled by the billionaire Peugeot family plans to overhaul its assets after a series of missteps and as a new generation prepares to take over.
“We have started to reposition the portfolio,” Peugeot Invest SA’s new chief executive officer, Jean-Charles Douin, said during results presentation after a 22% drop in net asset value last year. “We will incorporate the learnings from the past, what has worked for us and what hasn’t.”