Chapter 840: The Industry Shakes
Sam Walton was in his office looking at the company's reports when he suddenly received a phone call, and after listening to the call, his face became very ugly.
The merger of Carlot with Baihui Trading, the largest supermarket group in China, does not mean that Walmart's position as the world's retail leader is about to be shaken?
Carrot was already the largest retail group in Europe, second only to Walmart in the world. But now they have the Huaxia market, which is a market that their company has been coveting for a long time, and now Walmart's position is not guaranteed.
No. 1 in the industry, it has a great effect on the brand. Other supermarkets want to advertise what is cheap and what is of good quality, but Walmart only needs to advertise that they are the best in the world.
But if you are pulled down from the first throne, the impact will be too great.
What's going on, how did Baihui Trading Group merge with Carrot Group? What do the shareholders of that company think, the market in Huaxia is still on the rise, and the future potential is huge.
He had only listened to it just now, and when he opened the mailbox, he wanted to see what was going on in detail.
After reading the email, he realized that the situation was different from what he thought. It was not Carrot Group that acquired Patron Trading, but Patrons Commercial acquired Carrot's supermarket business in Huaxia, and also established a joint venture to jointly operate Carrot's supermarkets in various regions of Asia.
Carrot's business was acquired by Baihui Trading, which surprised Sam even more. Baihui Commerce and Trade also paid attention to the fact that Huaxia's retail leader, the rapid number of new stores, and the acquisition in the mainland of Huaxia is also very large.
Because he is a shareholder of Baihui Trading, he will either not sell, and if he sells, it will be sky-high, and he will definitely ask for Walmart shares.
The development model of Baihui Commerce and Walmart is somewhat different from that of Walmart, and it is easy to lose customers after the acquisition.
So Sam thought about it, discussed it with his brothers, and decided not to buy Baihui Trading. The person in charge of Carrot Huaxia went to negotiate the acquisition with Baihui Commerce, and they all knew it.
If the other side really starts a negotiation, they Walmart will just intervene again. As a result, the two sides never began to negotiate, and there was no rumor, and in Sam's opinion, it must have been rejected by the family range.
Sam's refusal to be acquired by Patrons Trading's shareholders was not surprising. But when did the two sides actually re-engage and negotiate cooperation so quickly?
After reading the email, Sam asked his assistant to inform all the directors of the company to meet the board of directors, and he should think carefully about the company's next development strategy in China, and even in the world.
Although the two companies are not fully merged, who can say for sure what will become in the future, and they must be prepared for a rainy day.
……
Compared to Walmart's surprise, other retail groups in Asia were shocked. They could never have imagined that Kelval would cooperate with Baihui Commerce in this way.
It is true that the family can recover some funds, reduce risks, and reduce operating costs, but in the future, it will develop and earn less.
Knowing that Carlot had plans to sell its business or a joint venture, they went to talk about it first. Although they have acquired Carrot's local supermarket, they may not be able to go abroad, but at least they can improve their local status.
Some people who didn't notice Baihui Trading have now begun to investigate Baihui Commerce, and they can't help but pay attention to such a strong competitor.
If Baihui Commerce develops, it will become a leader in Asia. The biggest concern is the island nation of Ito-Yokado, which has just acquired a stake in 7-Eleven from the American South, turning the American company into an island nation.
Originally, they thought that they would become the largest retail giant in Asia, although the store area of 7-Eleven is far less than that of large supermarkets, but the number of stores, the large customer flow, and the 24-hour opening characteristics, it is also the top retail giant in the world. In the island country alone, there are more than 16,000 stores.
Now they have signed an agency contract with the same group, and the same group has introduced 7-Eleven to Baodao, Aocheng, Xiangjiang and the mainland, and is planning to develop in the mainland, but they heard the news.
7-11 knows that Baihui Trading has now begun to be a small and medium-sized fresh supermarket, and has also begun to test the water in convenience stores in some areas.
They hoped that international retail giants such as Carrot could stop the expansion of Baihui Commerce and thus expand 7-Eleven, but now it seems that all hopes have been disappointed, and the two companies have cooperated.
Some small local supermarket groups in the mainland feel even more desperate, thinking that they can develop in the cracks, and then slowly occupy the market of a province.
Just like in the United States, Walmart is the absolute hegemon, but in many states, there are retail groups that outperform Walmart's.
But now they feel that there is little hope, Baihui Commerce and Carrot cooperation, this is the first and second cooperation in the Chinese market, do others still have a way to live?
From then on, Patrons will have no rivals and can eat into their market to their heart's content. Baihui Trading can be a small store, but they can't afford to be a big store, how can this develop?
This matter has also attracted the attention of the above, and Wang Haoan is chatting with a person in charge at this time.
"Mr. Wang, the speed of your company's expansion is really fast, if you continue like this, you will soon become the first in Asia, right?"
"Li is polite, we are just two companies cooperating, and the income does not belong to us, and we have to share it with Carrot. And in this cooperation, we also have to renovate some stores, which will affect sales somewhat. ”
Although the contract has not yet been signed, the two sides have negotiated the cooperation, and the difference is in some details. These details involve hundreds of millions of dollars, and no one wants to give up.
"Mr. Wang is really modest, but there is one thing to remind Mr. Wang, in our country, we can't sit idly by and watch some enterprises monopolize, if it happens, we will also be punished. ”
"The foreign side is forced to split, and our side is similar, when the Baihui hypermarket and Baihui supermarket are split, and then split out of Baihui convenience store, the impact on your company is not small. ”
Wang Haoan looked at Li Bu with a smile: "It doesn't matter, if we really have a monopoly, then we abide by the country's regulations, but before that, we just use the brand advantage to promote, and use the financial advantage to acquire some peers, this is not illegal, right?"
"We have also expanded overseas, and these taxes are all handed over to the political axe, and most of the employees are from our Chinese. ”
Li Bu smiled and stretched out his hand and nodded at Wang Haoan, a shrewd businessman, what else could he say?