Several people had a meal together, and O'Neal, an athlete, actually didn't eat less and drank a lot of wine. It is said that this person is usually very lazy in training, but he is powerful on the court, and he is talented and can really do whatever he wants!

Everyone was very satisfied with this meal, and Wang Haoan had to admit that although he had no love for authentic Western food, this restaurant was rated as three Michelin stars, and it was indeed unique.

"Dumas, how are you talking to those two sporting goods companies?" asked Wang Haoan, sitting on the sofa in the hotel suite.

"Under Armour learned that we were willing to give a large amount of capital, and the other party was only hesitant about the controlling stake, but after I promised on your behalf that the founder Kevin could continue to serve as the general manager and legal person, the other party agreed, after all, he couldn't find a better condition than ours. ”

With this money, he can promote it faster and also have the funds to upgrade his products. Of course, as a major shareholder, we still have the absolute right to speak, and Kevin also agreed to focus on the research and development of tight-fitting sportswear, and then develop to other equipment components in two years. ”

After Dumas investigated Under Armour's information, he knew that Wang Haoan had taken a fancy to Under Armour's material patent, otherwise why would he buy such a small company.

"Well, this kind of skinny sportswear can not only be sold to those athletes, but also to the gym. I see that there are many fitness centers in the United States, and those people should like it when they wear clothes made of this material. ”

"Mr. Wang has a unique vision, and I will let Kevin know and I am sure he will be very excited to find another sales channel. ”

"As for Converse, this company is very problematic. In terms of value, their brand value is very high, and they also have many factories, including factories in island countries in Asia, which are very popular with the people around them. ”

At the same time, this brand has a deep heritage, and also has a lot of related technologies, as well as some professional designers and R&D personnel. ”

"But the company's debt ratio is too high, although it has not yet reached the situation of insolvency, but sales are declining, and every basketball shoe happens to be targeted by Nike, so it will be insolvent in less than three years. ”

Naturally, there are only two kinds of insolvency, one is to sell, and the other is to file for bankruptcy.

"Well, is the problem so serious? How much debt do they have?"

"They have more than $300 million in debt, which is only a lot more, and I don't have detailed statistics here for the time being. However, I have already faxed the other party and expressed my intention to acquire it, and then we can send auditors in the open. ”

Dumas has already arranged for someone to do the investigation, but the results have not yet come out.

"The debt is more than 300 million US dollars, which is only a lot more, and the executives of this company must be replaced by then. You've said you're going to buy now, aren't you afraid they'll transfer your assets?"

Wang Haoan frowned, how do you feel that Dumas is so unprofessional in doing this? And you said that if you buy it, the other party will let you audit it?

"Mr. Wang, in fact, our Huaqi Bank is also one of the creditors of Converse, and one of our investment companies also holds some shares of Converse, so when I issue a takeover offer on behalf of this company in the United States, Huaqi Bank can request a financial audit. ”

"Of course, please rest assured Mr. Wang, although this is also related to the interests of our Huaqi Bank, we are only a minority shareholder, and we also hope that Converse can have a new owner, so that our debts can be erased. ”

"If Mr. Wang is not at ease with me, I can find a few more people to join the negotiation team, and if there is any unfair problem to Mr. Wang, we are willing to take responsibility. ”

It turned out that Huaqi Bank still had such a deep relationship with Converse, which made Wang Haoan a little surprised. However, this also reminded him that he can't rely on Huaqi Bank for everything, and it is necessary to form his own team.

"Mr. Dumas, I still trust the credibility of Huaqi Bank, but since Huaqi Bank has a commission for me to negotiate, and now this matter is related to Huaqi Bank, this commission?"

"Mr. Wang rest assured, the lowest commission ratio in our industry is one percent, which is generally only for super-large business, such as Converse's size of business, generally our commission is not less than two percent, and it is also a senior partner. ”

"I have asked the leader for instructions, we can only pay one percent commission for this order, and we will do our best to meet Mr. Wang's requirements. ”

One percent, Wang Haoan estimated that this single order is at least three or four hundred million dollars, then it can save three or four million dollars, which is not a small amount of money.

"My requirements are very simple, the first one is fast, I want to complete the acquisition as soon as possible, and it is best to have a sole proprietorship of Converse, at least to ensure absolute control. ”

Since he wants to buy, he can't just participate in shares, and ordinary holdings can't do it, and he doesn't want the original leadership of Converse to point fingers, and what those people have run Converse into.

From the first decline in the industry to outside the top three, or even inferior to a sub-brand of others, do you say it has nothing to do with those executives?

"The second point, Converse's factory in the United States, can not, try not to. ”

The reason why Converse has high debt is because their profit margins are too low and their production costs are too high. Obviously, the cost of production in Asia, even after transportation to the United States, is much lower, so why do you have to make your own factory production?

The reason why Nike has a low cost is because they do not have their own factories, but hand them over to foundries around the world, produce according to Nike's requirements, and affix the Nike logo is enough.

Now that labor costs in the United States are rising rapidly, and other factory expenses are much higher than those of Asian countries, Converse is too far behind in this area.

If you don't produce in the United States, you can also go to nearby South America to produce, for example, Basi's labor costs are relatively cheap now, and you can directly build factories in the mainland of China, which can also drive the economic development of China.

"Third, try to strip off debt. And I ask you to take a thorough inventory of your accounts. ”

"Fourth, I want to take back all the authorizations of Converse, including the right to use the brand, the right to sell the agent, etc. ”

"Finally, I want to restructure the company, and maybe even inject Under Armour's assets into Converse, and I also need you to find some suitable financial personnel and marketing planners for me. ”

"As for the money, you don't have to worry, the stocks I invested through your Huaqi Bank are enough to make you believe in my strength. ”