Text Chapter 732 "Snake" Chanel, Crazy Acquisition

When X Fund ate Chanel with lightning speed, SS Financial Holdings completely extended its financial tentacles into the fashion and luxury industry, which can be called a profiteering industry.

Not only that, with the strong "insertion" of Fund X, after the successful acquisition of Chanel, Su Chenyu's already hungry capital torrent finally broke into the French capital circle. Before, SS Financial Holding was blocked out of the door of the French capital circle because it had no entry point, but now it is different, X Fund successfully broke through the capital barrier and squeezed in.

Don't brag or black, as long as SS Financial Holdings is given a chance, with the absolutely terrifying capital power behind him, not to mention the French capital circle, even the Rothschilds dare to compete - seriously, this is really not bragging.

You must know that after SS Financial Holding completely merged and reorganized the world's three top banks, Standard Chartered Bank, Mitsui Sumitomo Bank and Express Bank, to form the world's largest bank, Standard Bank Group, Su Chenyu is confident that he will face any financial family in the world, including the Rothschild family, and he will not be intimidated at all. Besides, in the secret account of the Standard Bank Group, there are more than 10 trillion US dollars of wealth that Su Chenyu secretly planned to steal from the Soviet Union, which is real hard power. Not only that, in addition to the "prehistoric monster" of Standard Bank Group, SS Financial Holdings is also surrounded by aggressive financial monsters such as X Fund and Tianchen Fund.

Therefore, now that Chanel has completely opened the door to the French capital circle with the opportunity of Chanel, there is no reason why Su Chenyu should not come to a wave of "it is advisable to chase the poor with the leftovers".

In this case, Fund X did not immediately kill Goldman Sachs on the US side, which made John Weinberg and Goldman Sachs temporarily greatly relieved. After all, compared with the "virgin land" to be cultivated in the French capital circle, Goldman Sachs, which is almost considered the fat in his mouth, naturally does not need to be so anxious.

Yes, in Su Chenyu's view, Goldman Sachs is now just a piece of fat in his mouth, don't look at John Weinberg, this guy is still struggling and seems to be fighting back against Fund X. Hehe, that's just that Fund X is luring the enemy deeper, and only by luring out all the power of Goldman Sachs can we better catch it all in the future.

What's more, from the very beginning, aiming at Goldman Sachs, the strategy set by X Fund was originally to "simmer slowly" and make this pot of "beautiful soup" well.

No hurry, no rush at all!

Although Goldman Sachs' strategy is to "simmer slowly", Su Chenyu's attitude towards the very "wave" land of France is completely different - this time it is cooking oil with fire.

After acquiring Chanel, Su Chenyu directly targeted his strategy in the French capital circle in the fashion and luxury industry, after all, with Chanel's "bridgehead", it is much more convenient to do anything. Moreover, coupled with the great help of the "capital father" of the X Fund behind the scenes, I would like to ask you, with this group of "rotten sweet potato rotten eggs" in the French luxury industry, which one can withstand it?

Hehe, there is no doubt that this is a bit pretentious!

However, there is one thing that has to be admitted, that is, Chanel is absolutely unstoppable in the French fashion and luxury industry, and the most important thing is that no one dares to stop it! Just ask you, with the crazy "capital father" of the X Fund standing behind the platform, who dares to touch this brow without knowing whether he is alive or dead? Even Bernard Arnault and his LVMH group can't.

Besides, it's not bad if Su Chenyu doesn't go to the trouble of the LVMH group, and Bernard Arnault won't dare to "give away people's heads" if he is killed?

While capital frantically poured into Chanel, the X Fund did not make any drastic reforms to Chanel, after all, it is better for professionals to do the things in the fashion and luxury industry. Not only that, in order to prevent Chanel's people's hearts from fluctuating, the X Fund also came forward to appease all the senior management of Chanel, especially Chanel's chief designer "Galeries Lafayette" Karl Lagerfeld - this is a "golden signboard" of Chanel.

To be honest, Su Chenyu really has to thank the Widmore brothers, it is precisely because these two goods rarely interfere in the daily management of Chanel, so it is very easy for X Fund to take over, and there is no "old man from the previous dynasty" who needs to be cleaned. Of course, Su Chenyu definitely couldn't make a low-level mistake like the Widmore brothers, so although this product did not change the current management of Chanel, it added some "political commissars" to it.

After a brief integration of Chanel, the X Fund began to use the "fist" of Chanel to punch hard!

Hermes, this is the first punch made by Chanel after changing its new owner, and I have to say that this punch is absolutely ruthless and accurate.

Perhaps, in many people's perception of luxury, LV and Chanel almost represent the top existence, and there is nothing wrong with this understanding. After all, in this era, LVMH Group is definitely a well-deserved NO.1 in the field of luxury, Chanel can be regarded as a close second, as for Versace, Armani, Cartier, etc., they have to be in the back row.

Among them, including Hermes, there is no way, Hermes's business scope is really small compared to LVMH Group and Chanel, but people are really awesome in leather goods and bags. is not blown or black, in the area of leather goods and bags, even LV and Chanel, compared with Hermes, it is not enough to see.

Let's put it this way, in the area of leather goods and bags, Hermes stands at the top of the industry pyramid - lonely and defeated.

In the face of such a awesome "prey", it is strange that X Fund or Su Chenyu is not moved, so Chanel's first target is none other than Hermes.

Like Chanel, Hermès is also controlled by the family, although they are slightly better than Chanel, because the Hermès family holds about 70% of the shares, rather than 100% owned by the Widmore family, as in Chanel.

Therefore, it is much easier to operate Hermès than Chanel, after all, they still have nearly 30% of their shares in public hands.

In this way, it gives Fund X a lot of room to operate.

For "capital hunters" like Fund X, there is only a little chance, and they can convert it into a "killing machine" in their own hands. What's more, this time, Hermes has left a considerable amount of room for the X Fund to operate.

So, just silently, Fund X began to buy nearly 30% of Hermes's shares that were "lost". Speaking of which, I have to say that there is the benefit of having a "land snake" as an internal response, and with Chanel, the "head snake" of France, the "head snake" in France, the X fund quickly knocked on the door of Hermes with francs.

Almost not long, under the almost unlimited financial pressure of the X Fund, Chanel soon acquired a 26.3% stake in Hermès, officially becoming the second largest shareholder of Hermès.

Hehe, with this 26.3% stake, the next thing is quite simple, there is no need to say any more nonsense, a direct showdown - Chanel directly proposed a wholly-owned acquisition offer to the Hermes family, the controlling shareholder of Hermès.

There is no doubt that Hermès, which is also a well-known French luxury brand, will obviously not accept Chanel's acquisition offer, even if Chanel has found a strong "capital dad". Even after rejecting Chanel's acquisition offer, Jean-Louis Dima, the current head of Hermes and the fifth generation of the Hermes family, constantly laughed at the Widmeier brothers who lost their "ancestral inheritance".

Soon, however, Jean-Louis Dima couldn't laugh because Chanel showed a hole card in his hand - they held a 26.3% stake in Hermès. Moreover, this number is still growing, and it is believed that it will not be long before Fund X will pocket all the shares of Hermès that are out.

I have to say that this news is indeed a bit of a shock for the Hermes family, after all, it is too unexpected that Chanel has become the second largest shareholder of its own company without making a sound. Moreover, Chanel chose to announce this news at this time, no need to ask, it must not be good.

Sure enough, soon, Chanel put forward a proposal to increase capital and shares, which seemed to be to directly use money to smash the Hermes Group. The most important thing is that once Chanel holds more than 30% of Hermès shares, then the Hermès family's voice and control in Hermès will be hit by a huge blow in the future.

Not only that, but what worries Jean-Louis Dimas the most is that the Hermes family is not monolithic, and the 70% of Hermès shares are scattered among several family members. Although he owns 43.5% of Hermès and has the remaining 26.5% of the voting rights, it is of little use - once those family members are obsessed with money, his more than 40% stake is simply not enough.

Indeed, as Jean-Louis Dimas feared, several members of the Hermès family sold their shares to Chanel at a satisfactory price under the coercion and inducement of the X Fund. In this case, the result of the matter is obvious, Chanel, which already owns almost 60% of the shares, will take a controlling stake in Hermès, and then directly let Louis Dumas kick out of Hermès management.

In the face of Chanel, who is backed by the X Fund, Jean-Louis Dima, who is desperate, can only choose to sell his shares to Chanel at a fairly high price!

In this way, Chanel officially took Hermès into the bag!

However, this is only the beginning, and then Chanel, under the command of the X Fund, has directly transformed into the most powerful "snake" in the world's luxury industry......