Chapter 429: Goldman Sachs' speed
While Gan Qin went to Swire Pacific to negotiate with Woodon Schweyer to buy Swire Aircraft Maintenance, Lee also met with Elanlee Herrington, president of Goldman Sachs Asia and Greater China, in his office.
In the reception area, Elanli Helington, who was sitting opposite Li Guangyu, said: "Mr. Li, after more than a month of negotiations, we finally got the 7-11 company and its brand under the Southern Company. ”
This time, in order to make a good impression on the Li consortium, Goldman Sachs acted quite quickly, sent elites to negotiate with the Southern Company, and kept the price quite low. 7-Eleven, which originally had a market value of about $200 million, was taken down by them for $180 million.
This time, they were still able to make tens of millions of dollars in profits, which is also one of Goldman Sachs' main ways to make money.
Li Guangyu said: "Ms. Helrington, I didn't expect your Goldman Sachs speed to be so fast, and it was expected to take three months, but you only took half the time to do it. ”
Elanlee Herrington said with a smile: "Mr. Li, please also believe in the strength of our Goldman Sachs, I heard that your acquisition in England is quite unsmooth." In the U.S., if we at Goldman Sachs come forward, there will never be such a problem, and we will be able to solve any problem for your consortium in terms of the companies that you can acquire. ”
Although Li Guangyu knows that Goldman Sachs is powerful, Li Guangyu wants to buy such a telecommunications company in the United States, and he should not dream, and those investigation agencies in the United States will not agree to Li Guangyu to control these companies.
There are still many people in Britain who oppose the acquisition of 50% of the shares by the Li Group, and if it weren't for Thatcher's repeated insistence, Li Guangyu would not have thought about it. And I want to know that Xiangjiang is still under British rule, and it is so difficult for Li Guangyu to acquire, and the United States can imagine what the result will be.
Li Guangyu said: "Ms. Helrington, you also know that there are many companies in the United States that we cannot interfere with in the Li Group, so we can also go to some industries that have little to do with US security to find markets. In the future, mergers and acquisitions in this area will also need the support of Goldman Sachs. ”
Elanlee Helington said: "Mr. Li, we at Goldman Sachs are also looking forward to cooperating with your Li consortium again, and you can contact me at any time if you have any companies in need, and I believe that we Goldman Sachs will definitely help you complete the acquisition." ”
What Elanlee Hairington wants is to be able to win the business of the Lee consortium in the United States, and now he is not too much business in Greater China, but more in preparation for Goldman Sachs to enter the mainland.
There are very few groups in Greater China that have the strength to go to the United States to acquire and acquire companies, and the only one that can launch a large-scale acquisition is the Li Consortium.
While Li Guangyu and Elanli Helington were chatting, Zhao Xiaoyan, vice president of Hengyu Supermarket Group, came to Li Guangyu's office.
After Zhao Xiaoyan sat down, Li Guangyu said to him: "Since Xuelan and Linwen have opened up local markets in Baodao and Japan respectively, this time you will go to the United States and sign a contract with Goldman Sachs to acquire 7-11, and at the same time temporarily live in the United States, rectify the 7-11 company, and stabilize the development of 7-11 in the United States, I will instruct Xiaoli to cooperate with you." ”
Zhao Xiaoyan had long known that the group was entrusting Goldman Sachs to acquire 7-Eleven in order to develop its own convenience retail stores. It's just that it didn't succeed so quickly, and Li Sheng also sent himself over to take over, so it won't be his own responsibility for the management of the convenience store.
Thinking of this, Zhao Xiaoyan is still very happy, now the main management of the supermarket group is Li Xuelan and Chen Linwen, and there are relatively few places where he can interfere, even if his position in the group is higher than Chen Linwen, it is useless.
It is also a good thing for me to be able to take charge of the affairs of the convenience store alone this time, otherwise the vice chairman and executive vice president of the group is really a little aggrieved.
Zhao Xiaoyan said: "Li Sheng, I will go to the United States tomorrow, and I will definitely maintain the stability and development of 7-11 and expand the influence of the 7-11 brand in the world." ”
Li Guangyu then introduced Zhao Xiaoyan to Elanli Hairington, and this time Hairington and Zhao Xiaoyan will go to the United States together to assist the Li Group in completing the acquisition.
After chatting for a while, Elanlee Helington got up to say goodbye to Lee, and at the same time once again expressed Goldman's willingness to cooperate with Lee's Group.
After sending off Elanli Herrington, Li Guangyu said to Zhao Xiaoyan: "After you take over 7-Eleven this time, pay attention to see if the company has suitable talents, and at the same time look for reliable talents to replace you in managing 7-11. ”
Zhao Xiaoyan was very happy to hear it, with Li Guangyu's instructions, she could manage the 7-Eleven convenience store with confidence. Although she is very busy, she likes this kind of life, holding such a high position in the group, but not responsible for the expansion of the group, she is very unaccustomed to it, and now she finally has her own tasks.
Zhao Xiaoyan replied: "Li Sheng, after I pass, I will pay attention to the situation in the company, and strive to complete the rectification of the company within three months, so that the company can stabilize and lay a good foundation for our expansion." ”
Li Guangyu is not too optimistic about the development of convenience stores in the United States, but he is more optimistic about the market in Xiangjiang and Thailand. Japan and Baodao have been represented by local groups in the Singapore market, and Li Guangyu is not very good to enter these regions, so he can only hope to be able to charge more agency fees.
Thinking of this, Li Guangyu said: "After you take over the 7-11 company, look at the contracts between the company and agents in various regions, and the current agency fees are too low. Find a way to improve it a little later. ”
Zhao Xiaoyan said: "Li Sheng, for the development of Japan's Ito-Yokado can be improved a little, but at present, Baodao and Mexico and other places are still losing money, and we are afraid that increasing the agency fee is not conducive to the promotion of our brand." ”
Li Guangyu himself was busy with the affairs of the group and really didn't pay attention to this situation, and he also asked: "Can you tell me more about this problem?"
"Li Sheng, this is Ms. Peng, after they investigated 7-11, they sent some information about the agents in various regions to our group, and now only Ito-Yokado is profitable, and the unified group in Baodao is still in the red. Based on the situation in each region, we have concluded that the upfront investment of 7-Eleven convenience stores is relatively large, and it is estimated that it will take about five years to recover the cost. Of course, this is because of the large number of stores. Because the market acceptance is limited at the beginning, there will be loss-making operations. Zhao Xiaoyan said.
Li Guangyu is not worried about this, he has no rent in all his own stores, otherwise the supermarket group would not need him to invest so much money into it, even if the supermarket and retail stores make less profits, the promotion of the store is enough for him to make a lot of money.
As for the beginning of loss-making operations, it is also quite normal, after all, the market is not opened up all at once, which takes time to accumulate.
Li Guangyu said: "After you took over 7-11, you will make adjustments according to the actual situation, and try to ensure the interests of the group while maintaining the 7-11 brand promotion. ”
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