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Bloomberg Markets

Goldman, Ardian Bought CIC’s $1 Billion US Private Equity Stake

Goldman, Ardian Bought CIC’s $1 Billion US Private Equity Stake
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Goldman Sachs Group Inc. and Ardian SAS were on the other side of a $1 billion US private equity sale by China’s sovereign wealth fund, according to people familiar with the matter.

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Luxury goods firm LVMH reported first-quarter organic revenue that missed consensus estimates, driven by the underperformance of its key fashion and leather goods division. Kering and Hermès are also due to report this week, as Bloomberg Opinion's Andrea Felsted explains. Her views are her own. (Source: Bloomberg)

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