Whether it is financing, or listing, for other companies, the purpose is to get more funds, JPO that day, any company can get enough funds for their future development, which is why many companies pursue listing, including Wal-Mart, but also rely on the listing to obtain development funds But for Costco, it is to seek strong partners, everyone works together to develop together, and after the scale is bigger, everyone's profits will increase. Otherwise, if the follow-up development is targeted by various kinds and cannot be developed, the latter is obviously more meaningful to the 100% controlled $1 billion enterprise and the 50% controlled $5 billion enterprise.

Earning other people's money overseas can't be eaten alone.

As long as you have the controlling stake and the right to operate, then the core profit is still your own, for a supermarket, the right to purchase is the most important, and this right will not be affected in any way because of financing or listing. Even other industries have a lot of this kind of play, such as the listing of automobile factories and the major shareholders have the suppliers of core components, or the real estate business model in Hong Kong, with their own private sole proprietorship and their own listed companies to develop land, etc., in the original history, Li Jiacheng played like this, after controlling Hutchison, arranged his own family fund or Cheung Kong Industrial, and Hutchison to develop the land together, and then the profits were divided in half, this is still how to operate in half on the surface, and everyone who understands the routine is like this, It's also a tacit understanding.

Of course, if one party of capital proposes to enter the supply chain, then it is another matter, and if it is of great help, it can also be agreed, but even so, the impact is not great.

"Okay, that's fine." Pierce nodded, and said, "Boss, I heard that Watsons is preparing to buy Tesco Supermarket in the UK?"

"Yes, it's still talking, but it doesn't have to be Tesco, it could be some other supermarket." Chen Zhiwen nodded and said, Tesco supermarket chain, is what he is more interested in, no matter what, this company has achieved the first level in the UK in later generations, and it can also rank in the top five in Europe.

It's just that it's not that if you have the money to buy, people are willing to sell, you need the right environment at the right time, therefore, Watsons can only fight for it, and there are also other backup options, the British economy has not been good in recent years, as long as the money is in place, there will always be a supermarket willing to sell.

"Some time ago, Mr. Wu from Watsons came to the United States to discuss with me about the acquisition of the Southern Ice Company in the United States, and we talked about it at that time, so I also knew." Pierce said with a smile.

"Southern Ice Company? I almost forgot about it, how was it?" After listening to it, Chen Zhiwen remembered that there was such a thing.

Watson's Wu Weibing, when he was in Hong Kong, also wanted to enter the business of small retail stores, because whether it is Hong Kong or Southeast Asia, this demand is still very high, because most people do not have a car, so it is not a big shopping, they will choose to buy things near home, which is the opposite of Europe and the United States, and the economic level also determines the difference in shopping methods, even if it is the mainland in later generations, the big supermarkets are not similar to Wal-Mart, Auchan's level, because the per capita ownership of cars is still not high enough. Of course, the impact of Internet online shopping at that time was also relatively large, which was different from now, which reminded Chen Zhiwen of the 711 brand at that time, whose parent company was the Southern Ice Co., Ltd. of the United States, and had not yet been acquired by a Japanese company, so he let Wu Weibing operate it.

And because the United States is Costco's territory, Watsons will not enter the daily sales market in the United States without Chen Zhiwen's permission, and it is normal to cooperate with Costco.

"Basically, there is no problem, the only trouble is that the Southern Ice Company of the United States is unwilling to sell 711 alone, and their shareholders probably want to cash out, and they just want us to buy them all, it is the ice company, which has little effect." Pierce said with a smile: "Now everyone has air conditioning at home, factories also have it, and no one buys ice cubes anymore, even the ocean-going fishing boats, and now they all make ice on their own boats, and we buy them, and we have to maintain such a company that is doomed to lose money."

"Can't you just turn it off?" Chen Zhiwen asked.

"Yes, but the government has requirements, so it's more troublesome, and it will take a few years to say.

"That

Can you make popsicles? It shouldn't be difficult, right, just have Costco as a customer?" Chen Zhiwen said again.

"We've also considered this, but even if it's popsicles, the scope of transportation is limited, and Costco itself is not enough to expand the number of people, and there is no energy to toss for such a company, even if it succeeds, there will not be a lot of profits." Pierce explained.

"That's just as well." Chen Zhiwen thought for a while and said, "In this way, move the factory to China, where the development is somewhat similar to the United States 50 years ago, the ice industry should have a large market, as for the people here, they can be transferred to become engineers, management and so on."

"You can try it." Pierce nodded and said, theoretically, there is no need for him to oppose the boss.

"Well, try it, it doesn't matter if it doesn't work, it's mainly this 711, how do you assign it?" Chen Zhiwen asked. It's just an ice factory, Chen Zhiwen doesn't care, since he said it, he will put forward an idea, but 711 is one of the most important things in the future, "711 in North America and South America is managed by Costco, and in other parts of the world, it belongs to Watsons, and the procurement channels are shared by both parties in addition to the local procurement in each place, and the channels of Galaxy Trade are used as much as possible." Pierce said.

"Well, okay, then here in the United States, it is much more convenient to expand 711 in cities with Costco stores first, so that these 711 points can be picked up directly from Costco stores." Chen Zhiwen nodded and said.

This is the convenience of similar business expansion, the existing resources can be directly used, Costco itself is a semi-wholesale supermarket, the nearby 711 can directly come here to purchase, through Costco's common procurement channels, the cost will be very low, and if there is no Costco, it will be very troublesome to gradually expand the scale of 711 in the United States, logistics and warehousing costs alone will be very high, and must invest enough stores in a city at one time, so as to reduce the cost of single logistics by quantity, Although it is a franchise model, but you can't make money, who will join you? To attract others to join, it is also necessary to have advertising expenditure and historical success stories....

Of course, the things in Costco's warehouse can be given to 711 at a low price." Pierce smiled and said, "Well, okay, you also have to pay attention to the 711 side, and you can arrange a capable young man to be in charge of this." Chen Zhiwen nodded and said, "My expectations for 711 are still very high, although it is not as much as Costco, but it is estimated that it is more important."

A 711, a year turnover may be hundreds of thousands, 20 years later may be able to break a million, very small, but this kind of small supermarket, the number potential is very large, you know, the future generations of Watsons cosmetics retail stores, can only open in the most prosperous shopping malls or streets, The number of stores in the world is as high as more than 16,000, 711 is close to 80,000, and if you buy it early, and then invest more resources, it is not a problem to double the number of several times, especially in China, thousands of cities and cities are dozens on average, hundreds of big cities are not a problem, the number of 100,000 + is easy Although it is definitely necessary to pass the franchise model, but such a large number, product procurement is controlled in their own hands, the purchase amount is probably not less than a super-large supermarket chain. With so many terminals, the cost of operation and logistics must be very high, but a shop like 711 itself is the main convenience, and the price is a little higher, which is also acceptable to ordinary people.

Indeed, this kind of small retail store can indeed be very terrifying in terms of quantity," Pierce nodded and said that Costco is taking the route of large stores and low numbers, and 711 is the opposite, as for the middle level, it is basically occupied by many other brands, it is not difficult to enter, but it is difficult to make achievements, it is better to exert force in two different directions, and then comprehensively use the supply chain and logistics to reduce the cost of both parties "Of course, we have Galaxy Trade, we must try our best to increase our sales in retail terminals, between the two, It's all mutually reinforcing, and once it's scaled, it's almost impossible for others to catch up." Chen Zhiwen said with a light smile.

The retail industry, in fact, there is no big mystery, there is money, anyone can do it, do oil and make cars, you can participate, but the reverse is impossible just to do it is one thing, to do it well is another thing, although there is no moat in the field of technology, but to control the cost is, as long as the cost is controlled

The ultimate, then it will always be invincible, and the Wal-Mart of later generations can be so successful, that is, it relies on the scale to completely reduce the cost, which leads to the fact that even if Amazon is the top few market value companies in the United States, it still can't suppress Wal-Mart in terms of sales. Of course, Walmart is also under pressure.

Nowadays, Watsons has made certain achievements in Asia, Costco is in the United States, such a large sales volume, so that Galaxy Trading has enough ability to reduce costs, plus the mainland to reopen, there is no technical content of the cost of daily light industrial products is very low, cost-effective, at the same time, Hong Kong capital can also use foreign exchange, orders to invest in these domestic supplier factories, not only can further reduce costs, but also enjoy future profits.

Combining all the factors, at present, Galaxy Trade has almost achieved the ultimate in the 80s in terms of cost control, and no one else can do it, even Walmart is very strong in his own operating cost control, but he doesn't know the mainland, and he doesn't have too much energy to participate in supply chain cost control, because Wal-Mart supermarket itself is expanding rapidly, and all the energy is in the terminal. Even if Wal-Mart has the time and energy to rebuild the procurement supply chain in the mainland in the future, it is difficult to go through the Galaxy Trade, which has a long history of cooperation in cost control, this is the biggest advantage of the retail industry, as long as I control the cost to the minimum, then no one is my opponent, and at the same time, in the future, Watsons will inevitably enter the mainland one step earlier, and will also adopt the model of self-owned property to ensure that the cost of retail in the mainland in the future is also extreme, and win this market, which can further expand the scale of procurement and reduce costs.

Not to mention, in the future, there will be a larger market for Internet shopping in the mainland, although it is not necessarily directly involved because of the relationship between Hong Kong capital, but there is no problem with investment, for example, if the history has not changed, investing in JD.com, it is equivalent to investing in a super-large supermarket chain The layout planning of the retail industry, since Watson, Costco and Galaxy Trading have been successful, it is basically unstoppable, and it is only necessary to find stronger allies, including Watsons, which will also be listed in the future, but there is a high probability that it will be in Hong Kong.

"I admire the layout of BOSS in the entire industrial chain, especially Galaxy Trade, so in the European market, I am also ready to let Costco advance to the UK, so that our logistics can be further shared, and when the UK is successful, we will enter the rest of Europe together." Pierce said with a smile.

Today, when Galaxy Trade controls its costs to an astonishing level, Pierce has to admit that it is too powerful, even if Costco has become one of the large retail companies in the United States today, Celtic, Wal-Mart, and Sears also regard it as a strong competitor, but they are almost inseparable from the supply of Galaxy Trade, and even need to further strengthen cooperation, it is really because many daily necessities of Galaxy Trade are too cost-effective, if they don't use it, the overall operating cost will be higher, and it will go on for a long time. There is no competition with other competitors.

And go to Asia to buy your own? How can they have that ability, I have many Asian suppliers quoted, compared with Galaxy Trade, "Okay, I hope we can use Galaxy Trade in Europe to open up the market." Chen Zhiwen smiled and said.

Historically, few supermarkets have been able to achieve great success in other continents, and the retail industry is characterized by this characteristic, which is so unaccustomed that everyone can almost only play in their own country.

Therefore, Chen Zhiwen implements a multi-brand strategy, the United States is Costco, Asia is Watsons' PARKnSHOP and RT-Mart supermarket, and Europe is the same, but whenever a brand is acquired, such as Tesco, then focus on investing in the expansion of Tesco supermarket, and the management will also be locals, trying to break this business circle "Okay, then I will go to London to see it myself after a while." Pierce nodded and said, Britain is so big, so naturally London is preferred.

PS; These two days for the children to go out to play, after all, the current season, the autumn time will be very short, and the update will be one day less.