1st of May.
The global CEO of Carrefour was about to go to Hua Xia. Once the news came out, it attracted a lot of people's attention.
Of course, it was the people in the retail industry who paid attention.
What really attracted most people's attention was the problematic milk powder incident and the successful financing of Far away Weibo.
Far away Weibo started financing in 2007 and only officially came to an end in May 2008.
Needless to say, it lasted for a long time.
Of course, Li Dong did not wait in vain.
In 2007, Weibo was valued at 100 million USD. In just half a year, the value of Weibo increased more than ten times, which was close to 10 billion RMB.
And the problematic milk powder incident, after a few days of brewing, had also developed to a climax.
In the past few days, the test reports of the families who brought their children for the checkup were released one after another.
According to rough statistics, about 10,000 infants received medical consultation.
Among them, there were more than 2,000 infants currently hospitalized. Three were diagnosed with the disease, and the others were still undergoing further tests.
The proportion was not large, but the incident was still blown up.
Three diagnosed was indeed not a lot.
But it also proved that the problematic milk powder could indeed cause illness and even death!
If Far away did not release the news in advance, and they continued to let their children use it, would their children be the next to be diagnosed with the disease?
Would their children be the first to die?
Thinking of this outcome, countless parents were terrified.
For a time, the Internet and media attacked the supermarkets and dairy companies. Millions of people called for the "murderers" to be severely punished!
Yes, at this moment, everyone treated these companies as murderers.
Several major supermarkets and dairy companies were pushed to the forefront, and their business plummeted.
Only Faraway Supermarket became the only trust at this time.
In April, Faraway Supermarket's sales increased significantly.
Prior to this, Faraway Supermarket's monthly sales were around 4 billion RMB. Although the specific data was not out yet, Li Dong already knew the general data.
However, Li Dong already knew the rough figures. In April, Distance Supermarket's sales should have exceeded five billion.
One had to know that March and April were the supermarket's off-season.
At this time, Faraway Supermarket actually reached more than 5 billion RMB in sales, more than 25% in March. It was simply unimaginable.
But Far away did it.
Li Dong does not know the sales of Huarun and Bailian in April.
However, Li Dong knew about the sales figures of the two companies in March.
In March, Bailian took the lead with 6 billion sales, followed by China Resources with 4.5 billion sales. So far away, Bailian was ranked third in the supermarket chain industry with 4 billion sales.
Although he didn't know the results in April, Li Dong knew that the two companies definitely didn't increase their prices. In fact, they might even decline.
Far away, Bailian should not be able to surpass them, but beating Huarun should be a sure thing.
Surpassing Huarun during the off-season might not be a big deal, but it didn't mean that it didn't have value.
So far away, the company will surely surpass Huarun Vanguard this year.
…
In the office.
Li Dong, Sun Tao, and Yuan Chengdao were smoking.
Amidst the lingering smoke, Yuan Chengdao sighed with emotion, "After winning against Su Guo last year, I think it will take at least two to three years to surpass Huarun Resources.
Unexpectedly, not long after the New Year, our monthly sales surpassed Huarun Resources before the first half of the year.
In the past four months, January and February were the peak season. Coupled with the heavy snow at that time, our supermarket business was good, not much worse than Huarun Resources.
Later, the stores opened one after another, plus the counterattack in April, our total sales should exceed 20 billion in four months.
According to this progress, even if we don't expand this year, the annual supermarket sales in 2008 should exceed 60 billion.
I can't believe it! "
Sun Tao answered, "In 2007, Huarun Resources Group's annual revenue is 100 billion, but this is their total revenue. In retail, Huarun Resources just reached 50 billion in 2007. Bailian's retail revenue last year was 87 billion. This year, I think Huarun Resources will reach 60 billion at most, and Bailian may reach 100 billion. It shouldn't be difficult to surpass Huarun Resources. As for Bailian … "
Sun Tao didn't continue. It was difficult to surpass Bailian, or even impossible.
A revenue gap of 40 billion was equivalent to rebuilding more than half of Faraway Supermarket.
This kind of gap was not something that could be made up with just a few bold words.
Li Dong said at the annual meeting that the supermarket wanted to be number one this year. Now it seemed that the first place was too difficult, and the second place should be in the bag.
In less than five years, to become the second supermarket chain in the country, Sun Tao was satisfied, and Yuan Chengdao was also satisfied.
The entire Faraway Group was almost satisfied.
Only Li Dong was somewhat dissatisfied.
Li Dong thought about it and said, "What if we take over Carrefour next?"
Yuan Chengdao shook his head and said, "Unless we take over their stores in the national area. After all, Carrefour's total revenue last year was less than 30 billion. This year, if they all change to the Far away brand, with this opportunity, they may be able to exceed the scale of 40 billion. At that time, there is hope for the supermarket's annual revenue to exceed 100 billion. However, it is too difficult to take over Carrefour's stores in the national area. We have stores overlapping with both sides, and the stores that can really be taken over by us are about 80, accounting for about two-thirds of Carrefour's stores. If we want to take over these 80 stores, other difficulties aside, the acquisition funds alone will be an astronomical figure. "
At this time, there was no such large-scale acquisition in the Hua Xia retail industry.
However, Li Dong, who was reborn, knew about it once. In 2014, China Resources acquired Tesco.
At that time, the number of Tesco stores was similar to that of Carrefour, and the sales were similar.
In the end, China Resources acquired the other party at a price of 22 billion HK dollars. Of course, this was the data given by China Resources, and it was not necessarily accurate.
At that time, it was not a complete acquisition, but a joint venture between Tesco and China Resources.
Also, the brand value of Tesco at that time was also included.
However, in any case, to acquire more than two-thirds of Carrefour's business in Hua Xia, it was impossible to think about it without seven or eight billion.
Perhaps it was slightly lower. After all, Carrefour was in a difficult situation, and its reputation was damaged.
However, the gap should not be too big, and a minimum of 7 billion was inevitable.
For the current Fang Yuan, the difficulty was not just a little high.
Li Dong knocked on the table and thought for a while. "If we really take over the unoverlapped areas, which means these 80 stores. In addition to our expansion in Shanghai, Yu Province, and Shancheng, do you think it will be difficult to achieve 100 billion in revenue by the end of the year? "
Sun Tao thought for a while and said. "It is a little difficult, but not too difficult. Also, you mentioned that we will be doing some expansion in the second half of the year. If we can put some into operation before the end of 2008. I think we have a high chance of achieving 100 billion. "
Yuan Chengdao added bitterly. "If we acquire Carrefour's stores, we will need 8 billion, and we will need at least 2 billion to complete the construction in Shanghai and Shancheng. Excluding the expansion in the second half of the year, we still need to invest 10 billion in supermarkets in the first half of the year. General Manager Li sold Baidu's shares and raised 700 million. The supermarkets' profits for the next few months will only add up to about 2 billion. Therefore, if we want to acquire Carrefour, we will need to fork out an additional sum of money, which is around 8 billion. "
Yuan Chengdao thought for a while and said, "General Manager Li, maybe we don't need to spend so much. I think it should be enough if we take over their business in East China. In East China, their business overlap with ours the most. We only need half of the 40 stores. "
Li Dong did not say anything. No one knew what he was thinking.
Sun Tao said softly, "General Manager Li, even if we can't compete for the number one position in the supermarket chain industry this year, we will definitely be able to do it next year. What General Manager Yuan said makes sense. If we acquire Carrefour's 80 stores, we will be able to get the number one position this year. However, we are facing a sky-high acquisition cost of around 8 billion. If we don't get the number one position this year, our task will be much easier. Acquiring Carrefour's stores in East China should be enough. The difference of 6 billion is only the difference between first and second place. "
Li Dong glanced at him and said, "Sometimes, the difference between first and second place is like heaven and earth. You should understand this. What we should focus on now is whether we should annex Carrefour or not. If we acquire all of them, we will have a high chance of getting the number one position this year. If we don't acquire all of them, we will definitely not get the number one position, right? "
"Indeed."
Sun Tao did not deny this point. If they did not acquire all of Carrefour's business, it would be almost impossible for them to exceed 100 billion in sales.
It would be the same even if they expanded later on. After all, expansion takes time.
If they started expanding in the second half of the year, they would have to wait until next year.
That was why Sun Tao said that they would have a high chance of getting the number one position next year So far away. As for this year, it was up to Li Dong to choose.
Was it because of the huge financial pressure?
It was better to take a step back and let himself have an easier time. He would be satisfied with getting the number two position.
Of course, he had a feeling that Li Dong would choose the first option.
He had always been like this. If he could get the number one position, he would not do the number two position. Especially when there was hope.
Now, there was still hope. The key was the money. So far away could not get the 8 billion worth of acquisition funds.
Even if Weibo used it, it would be 1 billion at most. The difference was still huge.
The few of them did not say anything. Li Dong also did not say anything.
What he was considering now was whether he should take out the money he had invested in the stock market at this time.
Last time, Hsu Shengzhe had withdrawn his money, but he did not.
He had been saving this money until after Lehman went bankrupt. But now, the opportunity was right in front of him.
After acquiring all of Carrefour's business, Faraway Supermarket had a high chance of getting the number one position this year. As long as Bailian did not acquire the other big supermarkets, So far away could achieve it with a little more effort.
Most importantly, if he took out the money, all his plans would be disrupted.
For the next six months or even one year, Li Dong could not do anything.
He could only watch the opportunity pass by, but he did not have the money to invest.
But if he did not take out the money, how could he acquire Carrefour?
Even if he were to buy it in installments, Carrefour would not have enough time, and he still needed the money.
Of course, Li Dong still had another option. A joint venture.
Let Carrefour and So far away form a joint venture. Each party will own the shares, just like Huarun Resources and Tesco in the future. This way, Li Dong does not need to fork out the money, and Carrefour still needs to invest.
As for Carrefour's willingness, needless to say, Li Dong guaranteed that they would be willing.
Once the two companies form a joint venture, they will definitely be Hua Xia's number one retailer, and Carrefour will suffer heavy losses in all markets.
At this time, So far away had extended an olive branch, and it would be strange if they did not want to.
But the key was that Li Dong was not willing. He did not want So far away to form a joint venture. Once they formed a joint venture, his slogan of a national brand would become a joke!
If Feng Yu did not form a joint venture, he would need to spend a lot of money.
Li Dong had a headache and took a deep breath. "Never mind. We were talking about something happy today, but now I am not happy. Let's not talk about this first. As for whether to acquire all of Carrefour's businesses, or just the Hua Dong district's businesses, or not to acquire it, we will talk about this after Du Lan is here. I might need to go to Shanghai a few days later. Du Lan, come over here. I want to speak to him personally. "
Although Chen Lang was also in Shanghai, he was not the CEO of So far away, and he was not the person in charge of the supermarket.
Du Lan was the CEO of Carrefour, one of the world's top 500 companies.
At this time, Li Dong had to go to Carrefour himself to discuss the acquisition.
Also, this was a large-scale acquisition, and he needed to adapt to the situation. Chen Lang could not make the decision.
Yuan Chengdao and Sun Tao did not have any objections to Li Dong going to Shanghai.
However, Sun Tao still asked, "General Manager Li, are we going to continue with the mall and PP's financing?"
"Let's put it aside for now. The Wanjia Net and the mall have just merged. We will see how it goes after some time. Also, PP's mobile terminal has just been launched. If we continue with the financing now, we will not be able to maximize the benefits. When the results are out and the market environment is better, we will continue with the financing. "
Yuan Chengdao and Sun Tao did not refute Li Dong's words.
This was also the truth. The current market environment was not very good.
The impact of the financial crisis continued to spread overseas, and it was gradually getting worse in China.
At this time, everyone felt a little guilty.
Otherwise, the previous few organizations would not have been so conservative with their quotations. If it was last year, So far away would have this scale and strength, and they might have offered a higher price.
After talking about the matter, Li Dong stretched his body and stood up. "That's all for today. You guys continue with your work. I'll go back first."
Sun Tao and Chen Lang looked at the sky. It was not even three o 'clock in the afternoon.
However, if the boss wanted to leave, they would not stop him.
Compared to other bosses who did not do anything, Li Dong could be said to be conscientious.
In the four years since he started the business, other than the first year when Li Dong was in school and did not have much time to return to the company, Li Dong was almost always busy with the company's affairs for the next three years.
Now, he only got off work early. If they still used other matters to delay him, it would mean that they were not sensible.
…
After Li Dong left, Yuan Chengdao heaved a sigh of relief and said, "Director Sun, which plan do you think General Manager Li will choose?"
Sun Tao shook his head and did not say anything. There were some things that everyone knew, and it was the same whether he said it or not.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
