Feng Yu leaned lazily on the sofa and looked at the big screen on the wall. Ralph's figure was displayed on the screen. ranw?enｗ?ｗ?ｗ?．?r?a?n?w?e?n?`net
"No news yet?"
Ralph bowed his head slightly and replied: "Not yet. However, several more executives of Fannie and Freddie Group have resigned. According to our analysis, it has only been in the past few days."
Feng Yu nodded: "Well, keep an eye on it. This matter is very important and involves a lot of our investments. By the way, have you signed the contract for the supermarket group?"
Finally, we reached an agreement with the British Tesco Supermarket Group to buy out all the shares of this American supermarket chain. Ralph talked about it for a long time and did a lot of work.
And there is not much premium. After all, the global economy is in decline, and even the purchase price is a little lower than Feng Yu expected.
"The agreement was to sign the contract half an hour later, and the purchase price was required to be paid the next day, and the contract officially came into effect."
"Okay, Zong Qingxian has flown over. You will sign the contract immediately, and Zong Qingxian will transfer the funds to Fengyu Holdings' account."
Although this supermarket group in the United States is smaller than Wal-Mart, Carrefour, etc., it is not small thanks to the development of the North American supermarket industry.
After being merged into Taihua Supermarket Group, Taihua Supermarket Group will get rid of Carrefour and have the opportunity to catch up with Wal-Mart. Ranked second in the world, this still cannot satisfy Feng Yu. Being number one in the world is still the undisputed number one. This is Feng Yu’s goal.
If we completely occupy or even monopolize the Chinese market, this is not impossible. With the financial resources of Feng Yu and the shareholders of Taihua Supermarket Group, it is possible for Taihua Supermarket Group to expand even faster. Supermarkets can be opened in every prefecture-level city, and there can even be several in each prefecture-level city, allowing other supermarket chains to expand. , there is no room for survival.
Now the Taihua Supermarket Group has less than 1,000 super hypermarkets, while Taihua Supermarket has about 4,000. Even so, many cities do not yet have Taihua Supermarkets.
As long as Taihua Supermarket Group shows its intention to invest in those cities, the leaders of those cities will definitely rush to welcome it. Who doesn't know the profitability of Taihua Supermarket Group
Good profits mean high taxes. What's more, it can also stimulate a business district, stimulate infrastructure construction and increase employment. These data are also the political achievements of those leaders.
However, Feng Yu has no intention of doing this. He wants to give other companies some living space, especially many state-owned retail groups. If Taihua Supermarket Group wants to expand in the future, it can directly acquire some small supermarket chains.
Don't pick the other party's brand, nor the other party's business conditions, only the location.
The location is good enough, and with Taihua Supermarket Group's business model, coupled with brand effect and cost control measures, it will definitely be able to make money.
Moreover, it is simpler, the investment is more reasonable, and you will not suffer criticism from other peers.
Domestic expansion cannot be too crazy, so the only option is to expand abroad. Eastern Europe has the Polar Bear Supermarket Group. The equity of this supermarket group has been transferred to Taihua Holdings, but it has not yet been merged into the Taihua Supermarket Group.
At that time, other shareholders could not come up with enough money. If there was a merger, the equity of other shareholders would inevitably be severely diluted. They said that by going public for financing, they could acquire the equity of Polar Bear Supermarket Group, but Feng Yu disagreed.
Besides, the majority shareholder of the Polar Bear Supermarket Group is Kirilenko. They only participate in the company, so other shareholders said they would wait. Wait for them to raise funds in two years, and if they still can't come up with enough money by then, then they will accept the dilution of their equity.
Nowadays, the profitability of Taihua Supermarket Group is growing rapidly, and its development in China has also fallen into a small bottleneck. It is a good time to expand outward.
This time Fu Guangwei persuaded his father to merge their supermarket chain directly into the Taihua Supermarket Group. It owns hundreds of supermarket chains in Xiangjiang, Lisboa, Baodao, Nanyang, Thailand, etc., and the locations are all It's very good, the turnover is high, and the value is not low.
More importantly, the business network of Taihua Supermarket has been directly expanded to many countries and regions in Southeast Asia, which is also very beneficial to enhancing the brand value of Taihua Supermarket.
Fu Guangwei would rather take out all his family's supermarket chain brands, but also ensure that his equity is not diluted. What's more, only in this way can he truly become the chairman and CEO of Taihua Supermarket Group, which does not mean giving up their family's traditional industry.
In terms of supermarket operation and management, none of Feng Yu's subordinates are better than him, not even the Li family. Can a small store like Ou Chen's be managed in the same way as a super supermarket
And now I heard that Feng Yu wanted to acquire a large supermarket chain in North America, and was once a shareholder of the largest supermarket group in the UK. This shows that this supermarket group is indeed worth a lot.
Although the acquisition from the British supermarket group will cost a premium, from a long-term perspective, it will definitely not be a loss. Especially after being merged into Taihua Supermarket Group, it is a combination of high-quality assets, which will be of great benefit to the overall strength of Taihua Supermarket Group.
Fu Guangwei is excited just thinking about one day becoming the helmsman of the world's largest supermarket group. How could Fu Guangwei's father, Fu Rongbing, refuse to merge his family's supermarket chain into the Taihua Supermarket Group
Fu Rongbing even thought that although he did not have the talent in finance like the big brother, he could not cooperate with Feng Yu in financial investment and could only follow the trend.
He was not as lucky as Fu Guangzheng, his younger brother Fu Rongjin, who met Feng Yu early and got many opportunities.
But his son Fu Guangwei is also very good. When he becomes the helmsman of Taihua Supermarket Group in the future, he will definitely be able to achieve great success.
Unexpectedly, at his age, there would be a day when father will be more valuable than son. He is very happy and proud!
For this reason, he was not only willing to take over his family's supermarket chain, but also sell off other properties under his name to support his son.
He even went to talk to the big boss Fu Rongqi. If the money was not enough, Fu Rongqi was willing to lend them a sum of money to help his nephew become the helmsman of Taihua Supermarket Group.
In this way, Fu Guangwei can still become the vice president of Taihua Holdings Group, and maybe even join the board of directors, like Fu Guangzheng.
An hour later, Fu Guangwei received a call from Zong Qingxian. The American supermarket group called Costco was finally fully acquired.
All the executives of Tesco in the UK have resigned, and most of the original Costco executives have stayed. Some executives will be stationed here at Taihua Supermarket Group. This Costco supermarket group has officially been merged into Taihua Supermarket Group. Under the supermarket group.
Immediately after Taihua Holdings Group announced that the shares held by the group in the Russian Polar Bear Supermarket Group were transferred to its subsidiary Taihua Supermarket Group.
At this point, the annual turnover of Taihua Supermarket Group will exceed 100 billion US dollars. The next step for Taihua Supermarket Group is to challenge Walmart, the super giant in the supermarket industry!
Retail giants around the world were shocked by this news!
… (To be continued...)