"Boss, after Hank agreed, I am confident that within a month, the details of the acquisition will be completely negotiated, and you only need to sign it at that time. Dumas was in high spirits at this time, he fulfilled the instructions of his boss and proved his ability.

If he hadn't used a lot of connections, he would certainly not have been able to investigate the details of so many Converse shareholders and specify the acquisition plan.

If Converse's stock hadn't been suspended, Hank wouldn't have been on the back burner, and the negotiations wouldn't have gone so smoothly, all of which were in his plan.

"Well, this time it was well done. After the registration of the new company, you can buy it in the name of the new company, and you will be the president of the new company. For the time being, it is a fixed salary plus bonus, which will not be less than what you earn in Huaqi Bank, and you can be given equity incentives in the future. ”

"Thank you to the owner. Dumas was very satisfied, his future was bright again, he wanted to get a stake in the new company, even if it was small, he could be regarded as one of the bosses, and he could pass it on to his son in the future.

"Boss, we are going to buy more than 12 percent of the stock price, maybe even 13 percent, you know that, right?"

Acquisition at a premium, Wang Haoan understands, and one hundred and three percent, does not exceed his psychological expectations.

"Yes. In short, you understand my principle, the lower you cut the price, the more bonuses you can get. ”

"Rest assured owner. But there is one more point to report to you, when the company lays off employees, the compensation is not a small amount. There is some money to be paid back when the factories are sold, but before those factories are sold, we may have to lay off some of them before anyone is willing to take over. ”

"Well, I understand. "Not many people are willing to take over a factory with such high expenses, and by cutting costs through layoffs, the value increases, which is a common tactic used by many companies.

"So what about the company's production in the future? Will you build a factory in the boss's hometown and produce it yourself, or will you find a foundry like Nike?"

Self-built factory or OEM, this question made Wang Haoan stumped.

Both models have their own advantages and disadvantages.

Now the labor cost in the mainland is very cheap, and there are many preferential policies for attracting investment in the mainland, coupled with the name of Wang Haoan, the richest man in the mainland, it is very simple to get the most preferential conditions.

Self-built factories are naturally more convenient to manage, and can also ensure that today's profits are maximized. But the biggest problem is that the labor cost in Huaxia will rise very quickly, and there will be no huge changes in ten years, but what about ten years later?

After 08 years, the price of Huaxia rose rapidly, labor costs and so on are growing rapidly, at that time, many Chinese companies, have gone overseas to build factories, because overseas labor costs are cheaper, but the mainland factories are constantly being laid off.

Even some large international companies are laying off employees in the mainland in order to save costs.

As for OEM, the advantage is that there has been no burden on the factory, and the current expenditure will be very small, and it will not be particularly much in the future, and there will be no need to lay off employees to reduce costs.

In fact, the layoffs of any large company have a great impact on the company's reputation. But whenever a listed company lays off employees on a large scale, the stock price will fall.

But OEM also has disadvantages, you find someone else to OEM, always have to give others a certain profit, the cost is definitely higher than your own production, and the quality is difficult to effectively control.

Once there is a quality problem, the other party may not be able to compensate and go bankrupt, but it also has a great impact on his company, and no one wants to wear shoes with quality problems.

Then there is OEM production, which is not so convenient for the regulation and control of product orders. Long-term cooperation will make the company too dependent on these foundries, which in turn will be constrained.

Order-based cooperation cannot guarantee that some best-selling products can be completed in time, and production capacity cannot be adjusted as soon as possible.

"Dumas, what is your opinion?" Wang Haoan asked rhetorically.

"My opinion is a combination of the two models. We can't be like Nike, don't want our own factories at all, just look for foundries, which may sometimes lose some of the profits we deserve. ”

"But I also don't recommend building a large-scale factory in China. Huaxia's labor cost is relatively cheap, but the large-scale construction of the factory, the need for investment is not low, and with the economic development of Huaxia, the labor cost will inevitably rise, and then it will be the same as the factory in the United States, which will become a great burden for the company. ”

"So my suggestion is to build two or three factories in China in small quantities, and the rest can be handed over to the foundry. There are some footwear foundries in Europe, Asia and the Americas, and we have given them enough orders, and they will definitely be willing to expand their production capacity, and we can even influence Nike's production capacity in turn. ”

"Of course, I don't recommend competing with Nike for price, it's best to maintain a tacit price, so as not to make the foundry make more money and we lose money. ”

Dumas still has one sentence to say, that is, Nike is now the number one brand in the United States, and it is also one of the best in the world, and Converse's strength cannot compete with Nike head-on.

Large companies can fight with small companies for funds, and small companies can fight with large companies, that is, looking for death. Although the boss has a lot of money, Nike's assets are higher.

"Self-construction and OEM at the same time? You get a written report to me, and I'll make a decision after reading it. ”

In fact, what Wang Haoan wants to say is that there is no need to find any European and American foundries, the mainland can, and it is completely possible to find Li Twist Company to cooperate.

There are still many small shoe factories in the mainland, and Xu Xiaotian thought about integrating them, making his own shoe factory and creating a brand. Xiaotian Shoe City, you can't just sell other people's brands, you have your own ready-made sales channels, and it will be more profitable to get a brand to operate yourself.

However, these have to be discussed with others before a decision can be made, not to mention that Converse has not yet been acquired, and now only the intention has been negotiated, and the specific details are still being negotiated.

Some companies will be very smooth in the acquisition, maybe it can be done in a few days, and even in a few hours. There are also acquisitions of companies, which may take several years, because the situation of the company is changing all the time.

It's not just the stock price of the acquired company that may have soared after the news of the acquisition, but also the acquirer's funding problems.

"By the way, the contract on Under Armour's side has been signed, let's keep some shares for him. You also need to contact some other material companies and design companies, we have to make consumers satisfied with product technology and design, in order to really turn losses into profits. ”

Wang Haoan didn't think that Converse would become casual shoes and trendy shoes like in the hands of Nike in his previous life, except for skateboarding, which was basically decoupled from sports.

Wang Haoan doesn't want to give up the profits of sporting goods.