432 A new development for the Pinault father and son and the luxury group
"Old Pino, Henry, welcome to you!" In the Kensington mansion, Li Feng received the Pinault father and son who came from Paris.
"Haha... , Little John, although I have already congratulated you on the phone, but I want to congratulate you again on the successful acquisition of Standard Chartered. Pino Sr. replied with a smile.
The two have dealt with each other a few times before, and since the official merger and cooperation, the relationship has naturally become better, and therefore, in terms of title, Li Feng and François, the French tycoon, are also very casual.
"Haha... , not bad, just lucky, by the way, I don't think I should have disappointed Mr. Pinault, now that the merger of the Sawa Group on the other side of the century has begun, what do you think?" Li Feng said humbly, but the tone changed and turned to the luxury group.
"John, we have had a great time working together and I think there will be a great future. Pinot replied with a satisfied smile.
Looking at the satisfied smile on the face of the old Pino, Li Feng couldn't help but laugh, according to the news that Li Feng received, the old Pino is now full of spring breeze and infinite scenery,
Although the company is not controlled by the Pinault family, Li Feng has insisted on his promise, the elder Pinot himself serves as the chairman of the group, his son serves as the president of the Paris Spring retail group, and the Pinault father and son, who hold great power, have become the most influential figures in France and even Europe.
Speaking of which, it all started with taking Li Feng's super ship. Similarly, it also let outsiders see the courage of Li Feng, a newly rising super-rich genius boy.
Being able to completely decentralize power and directly let the acquisition be directly controlled by the family is not something that ordinary people can do, and Li Feng's fame has officially entered the ears of those old consortium families in Europe.
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"By the way, you should know Burberry, what do you think of this brand?" Li Feng suddenly asked with a smile.
"Burberry used to be a top brand, but it seems to be getting worse and worse lately, and it is said that it has just changed a new CEO. Pino Sr. replied with a smile.
"Not only that, but as far as I know, Burberry is now on the verge of bankruptcy, and I now control the retail business of Printemps, and I still know a little about Burberry's holding company, GUS, which is the second largest retail group in the UK.
But its subsidiary, Burberry, has brought very little profit to the retail group, and Burberry's annual sales in '97 are expected to be around £20 million, so it can be said that it is now really on the verge of bankruptcy. As soon as Pino Sr. finished speaking, Pinot Junior François Henri Pinault said.
"Oh... It seems that Henry, you know all about these fashion brands in Europe very well!" Li Feng replied with a smile.
"John, Henry is really interested in the luxury industry, and at least he has done a decent job so far. Pino Sr. praised his son with satisfaction.
In the eyes of parents in Europe and the United States, if their children do well, they will receive direct praise, and they will not be like Chinese parents, who humbly say anything like a 'dog' or something.
"I've heard some good rumors and news about Henry, and I think the Pinault family is the successor. Li Feng said to Old Pinot with a smile.
Facing Li Feng, a 17-year-old boy, and his old father's conversation, Henri Pino, the former and later Kering Group boss, was embarrassed and speechless.
In short, there is always a very strange feeling, after all, Li Feng's age is too deceptive. No one would have thought that there would be such a strange thing as Li Feng in the world, after all, who would have thought of such a fantasy thing as rebirth.
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"In the evening, the new CEO of Burberry, the CEO of GUS Group, and the senior management will come to the cocktail party, and when the time comes, you can get to know each other, you can talk, I am very interested in Burberry, I believe it will be a great deal. Li Feng finally smiled at the Pinault father and son.
"It's good to be able to acquire, because we still have too few product lines, and if we want to be on par with LVMH, acquiring top brands is a top priority. Pino Jr. replied with a smile.
"Yes, in fact, I told you two before, I hope that after the merger, you can investigate those top brands in Europe and the United States, and you can find those brands that are not doing well, and you can consider acquiring them, and we need at least 10 or 20 luxury brands to make our luxury group worthy of the name. Li Feng once again told Pinault and his son about his plan.
"John, we recently got the news that Christie's, the top auction house, seems to be ready to sell, do you think we should go and have a look?" Old Pino heard Li Feng's words, and immediately replied with a smile.
"Oh, that's good, we're a top luxury group, and it's a good complement to have a top auction house, and by the way, Pino Jr., I've always heard that you have a hobby of collecting art, and now I'm interested in those works of art as well.
In my opinion, Christie's should aim to win, firstly, to enrich our discourse in the industry, and secondly, if there is an opportunity, it is not to be able to get some artworks that others can't get. Li Feng rolled his eyes at this time, but he proposed with a smile.
"Okay, in fact, if you are not interested, John, I am also interested, and I have been in contact before, but since this is the case, then let's buy it in the name of the group, I think it shouldn't be a big problem, I have a good relationship with Christie's." Pino Sr. replied with a smile.
"Look, it's really perfect, Christie's and Burberry have come to the door, by the way, Henry, how is Ports (Boots) contacted?" Li Feng had just confirmed the matter of Christie's and Burberry, but he suddenly thought of Baozi over there in Huaxia, and immediately asked Henry Pino.
After all, Henry is in charge of Spring Department Store, and Boots is also cooperating with Spring Department Store to develop Printemps retail business in China, and Henry is familiar with Chen Qitai's family, so it is naturally most appropriate for him to follow up.
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"I have already been contacted, and they are still a little excited about the idea we proposed, speaking of which, the cooperation between Spring Department Store and Boots has only just begun, and the company has just been registered in Xiangjiang, and the rest are still an empty shell.
Boots hopes to acquire it in the form of cash + equity, and now we are negotiating the details with them, and it is expected that it will take about 1 month to complete. ”
"So does the group have enough money in its books now?"
"John, from the time you acquired Yves Saint Laurent to Gucci and so on, although the company still has some operating funds, but if you want to acquire, even a second-tier brand like Boots, it will cost a lot of money, after all, Boots has dozens of directly operated stores around the world.
According to today's valuation of Boots is about 200 million US dollars, considering that we took the initiative to acquire it, and we have to raise it a little, even in the form of equity and cash, it is estimated that it will cost at least 100 million US dollars in cash or more, and the group will not be able to come up with this money unless the bank takes out a loan. Henri Pinault replied with a smile.
Li Feng naturally knows a lot about the acquisition of Boots, after all, in the negotiation team, they are all members of their own negotiation team, and every time they negotiate and communicate, Li Feng has a full understanding.
"There is no need for bank loans, we are also our own people, and I think you also know that the financial crisis in Asia is in full swing now, and my investment company is busy in Asia, and after a while, I am thinking about how to spend the money on the account, no, just right. Li Feng explained to the two with a smile.
"John, I've heard a lot about you in Asia, and it seems that the media reports are not groundless. Pino Sr. replied with a look of envy.
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"Haha... If you're interested, you can try it?"
"Forget it, I don't have the help of your investment group, so let's run our business honestly. ”
"Haha... Don't regret it!"
"I don't regret it, and I don't have anything to regret about it, after all, I never considered it before. ”
"It's also... , it's better not to participate if you're not sure. ”
"Wow... It seems that John, you are full of confidence. ”
"This kind of thing, where can you be 100% confident, you can only depend on luck!"
“…”