Chapter 139: Something Happens to the Giant Cotton Company! (5th Watch)
When Luo Yin was busy campaigning, Puran had a headache.
The reform of the kingdom has brought many opportunities to their giant cotton company, but this opportunity is equal, he has it, and others have it.
Like now—
"Are you sure that the Phantom Textile Company is going to settle in Qiongbi City?"
Puran asked.
"Yes, I'm sure."
Hansen's face was serious.
"Then I'm in trouble now......"
Puran's face turned bitter.
Fantasy Textiles is one of the largest textile companies in the United Kingdom of Stokato. Absolute leading enterprise.
They announced that they would settle in Qiongbi City, which was definitely a huge blow to Jumian Company.
Because of the advantages of Jumian Company, it is useless in front of others!
Whether it is cost or quality, Phantom Textile Company is not inferior to Jumian Company.
Of course, there is no need to be too afraid of these giant cotton companies alone, after all, it is difficult for a strong dragon to suppress the head snake.
But Phantom Company has an advantage that other domestic textile companies do not have, that is, they have a lot of cotton cloth in their hands!
While other textile companies are fighting for a share of the cotton imported each year, the cotton cloth of the Fantasy Textile Company has been produced and is already being sold!
The reason why this is so is because the distribution power of these imported cotton shares is held by the Phantom Textile Company!
The Fantasy Textile Company has a Symphony Trade, which controls more than 90 per cent of the cotton imports in the United Kingdom of Stovacato.
Although the total amount of cotton imported each year is not large, they keep a large proportion for themselves.
Perhaps in other countries, the cotton of the Fantasy Textile Company does not have any advantages, but in the United Kingdom of Stokato, they are completely dimensionality reduction.
It can be said that the entire domestic cotton cloth market has been monopolized by the Phantom Company.
However, this monopoly does not mean that they have opened branches all over the country, but that if you want to buy cotton cloth, going to Wangdu to buy them is the first choice.
After all, the previous local protection policy was no joke.
Although this can be regarded as a monopoly, after all, many people are troublesome and unwilling to go to the royal capital, nor are they willing to spend money to let people buy on their behalf, so they simply don't use cotton cloth, or wait for cotton cloth produced by other companies.
So they're a monopoly, but they're not a complete monopoly.
But now it is different, the national reform, all cities open up to trade, can not deliberately make things difficult for enterprises in other cities.
The Phantom Company can build factories in other cities, and when their factories are built, so that everyone can buy cotton cloth in their own cities, then these troublesome people will definitely buy it.
This is the real monopoly!
For other textile companies, this Phantom Textile Company seems to be no threat, after all, people mainly sell cotton cloth, and you mainly sell linen cloth, which is not a conflict.
But in fact, when the Phantom Company has gained a foothold in your city, they will obediently only sell cotton cloth? Not a little about linen? How is this possible!
People are doing business, not charity!
No one is stupid, everyone understands this.
Puran naturally understands that as long as the Phantom Textile Branch has a firm foothold in Qiongbi City, it will be the end of their giant cotton company!
The situation now is somewhat similar to that of Tulip Sugar Company at that time.
Cotton corresponds to gem sugar, and linen corresponds to ordinary sucrose. The two are not on the same channel at all!
The Giant Cotton Company had no way to stop the Phantom Company's attack, just as the Incandescent Sugar Industry couldn't stop the rise of Gem Candy in the first place.
But unlike the tulip industry, the tulip industry at that time was very weak, and it was the incandescent sugar industry that was defeated step by step, or Hodgson himself.
And at that time, the tulip sugar industry was not able to produce cane sugar, and it was always in a weak position in the struggle against the incandescent sugar industry.
And now it's different, because the Phantom Textile Company is very strong! They can produce both cotton and linen, and no one can jam their supply channels!
As long as they are stationed in Qiongbi City, they will definitely not be like the tulip sugar industry at that time, they will definitely cut through the mess quickly, and they will not even give Jumian Company a chance to react!
"Gather everyone and have a board meeting!"
This is not something that Puran can solve alone, and he is obliged to tell everyone the news.
At the board meeting, when the shareholders got the news, everyone was a little confused.
No, isn't this giant cotton company just beginning to rise, why is it suddenly looking like it is going to go bankrupt?
Everyone was a little incredulous.
But when these major shareholders analyze the more ugly they face, everyone knows that this is true.
Let's take the examples of tulip and incandescent sugar.
With such a big advantage at that time, wasn't the incandescent sugar industry beaten away by the tulip sugar industry?
Therefore, don't look at Jumian Company is now the giant of Qiongbi City, but the final fate may be similar to that of the incandescent sugar industry.
Of course, today's Jumian company is still quite valuable and powerful, and it is estimated that it can resist for a while longer, but that's all.
The meeting was somewhat silent, and eventually it broke up without being able to discuss anything.
Puran wanted to ask Luo Yin, but Luo Yin was busy running for parliament now, so he didn't bother.
The next day.
Puran felt that he had overestimated the Phantom Textile Company, but he found that he was underestimating.
On this day, the news that Phantom Textile Company was going to settle in suddenly spread throughout Qiongbi City.
Except for some people in the industry, many people didn't know about the Phantom Textile Company, but on this day, all kinds of popular science about the Phantom Company came one after another.
As soon as you ask, you can know that this is a powerful textile company from Wangdu!
The people who eat melons are divided into two factions, one group thinks that the giant cotton company is not afraid, and the other group thinks that the giant cotton company will be defeated by the magic color company.
Soon, under the analysis of various data of this other faction, many people were shaken, and the company had its own core cotton, and your giant cotton textile company did not, so you must not be able to compete!
For a time, many people looked down on the giant cotton company. The rating agencies are also concerned about the future of Jumian Textile Company, and they have begun to lower the valuation of Jumian Textile Company.
Needless to say, this public opinion war must be the handiwork of Phantom Company.
Although Puran was a little surprised, he was already prepared after all, so he was not too shocked.
But what happened next was what shocked him the most.
The 13 small shareholders of Jumian Company suddenly collectively announced that they had sold their shares. Since then, he has withdrawn from Jumian Company.
It's surprising, but understandable.
But what shocked Puran was the same person who bought the shares in the hands of these minority shareholders! And this person actually belongs to the Phantom Textile Company!
What's the situation?
Phantom Company bought a stake in Jumian Company?
Want to become a family?
To be honest, if Jumian is really invested by Phantom Company, it may be a good thing.
But Puran didn't think it would be that simple.