Rebirth

Chapter 788: Pino and Sons and the New Development of the Luxury Group

"Old Pinot, Henry, welcome you!" In the Kensington mansion, Li Feng received Pinot and his son from Paris.

"Haha..., Little John, although I congratulated you on the phone a long time ago, I still want to congratulate you again for successfully acquiring Standard Chartered." Old Pino replied with a smile.

The two have met several times before. Since the formal merger and cooperation, the relationship has naturally improved. Therefore, in terms of address, Li Feng and François, the rich Frenchman, are also very casual.

"Haha..., it's not bad, just good luck. By the way, I don't think I disappointed Mr. Pinault. Now that the merger of Shahua Group Company of the other side of the century has begun, what do you think?" Li Feng said himself Dao, but the conversation changed and he went to the luxury goods group.

"John, we are very happy to cooperate, I think there will be a bright future." Old Pino replied with a satisfied smile.

Seeing old Pinault’s satisfied smile on his face, Li Feng couldn’t help being amused. According to the news that Li Feng received, the old Pinault is full of spring breeze and beautiful scenery.

Although the company is not controlled by the Pinault family, Li Feng insisted on his promise. Old Pinault personally served as the chairman of the group. His son served as the president of the Paris Spring Retail Group and the powerful Pino father and son have become France and even today. The man of the wind in Europe.

Speaking of which, it all started from getting on the super big ship Li Feng.Similarly, it also allows outsiders to see the courage of Li Feng, a newly emerging super-rich and talented boy.

The ability to completely delegate power and directly allow the acquisition to be directly controlled by the family is not something ordinary people can do. Li Feng's reputation has officially entered the ears of those old consortium families in Europe.

...

"By the way, you should know Burberry, what do you think of this brand?" Li Feng asked suddenly with a smile.

"Burberry was naturally a top brand before, but it seems to be getting worse recently. It is said that it has just changed to a new CEO." Old Pino replied with a smile.

"Not only that, according to my understanding, Burberry is now on the verge of bankruptcy. I now control the retail business of Spring Department Store. I still know about GUS, the holding company behind Burberry, which is the first in the UK. The second largest retail group.

But its subsidiary Burberry brings very little profit to the retail group. Burberry's annual sales in 1997 are expected to be around 20 million pounds. It can be said that it is really on the verge of bankruptcy."Pino Pino just finished speaking, and Pino François Henry Pino said.

"Oh... It seems that Henry, you have a very thorough understanding of these European fashion brands!" Li Feng replied with a smile.

"John, Henry is really interested in the luxury goods industry, and at least he has done pretty well so far." Old Pino praised his son with satisfaction.

Li Feng has seen a lot of direct praise from Europe and the United States. In the eyes of European and American parents, if their children do well, they will get direct praise. They will not say "dogs" or something like a Chinese parent. .

"I have also heard some good rumors and news about Henry. I think the Pinot family is a successor." Li Feng smiled and said to the old Pinot.

Facing the conversation between Li Feng, a 17-year-old boy, and his old father, Henry Pino, a former leader of the Kering Group, was embarrassed and speechless.

In short, there is always a strange feeling, after all, Li Feng's age is too deceptive.No one would have thought that a strange thing like Li Feng would appear in the world, after all, who would have thought of such a fantasy thing as rebirth.

...

"In the evening, Burberry’s new CEO, GUS Group’s CEO, and senior executives will all come to the reception. Then you can get to know each other. You can talk. I am very interested in Burberry. I believe it will be a great value. Business." Li Feng finally smiled and said twice to Pino and his son.

“It’s good to be able to acquire. In other words, our product line is indeed too small. If we want to be comparable to the LVMH group, acquiring top brands is naturally the top priority.” Pino responded with a smile. Tao.

"Yes, in fact, I told you two before that I hope you will investigate the top brands in Europe and the United States after the merger. You can find those brands that are not well managed. You can consider acquiring them. You need at least 10 to 20 luxury brands. Brands can make our luxury goods group worthy of its name.” Li Feng once again told his plan to Pino and his son.

"John, recently we got news that Christie's, the top auction house, seems to be ready to sell. Do you think we should go check it out?" Old Pino replied with a smile when he heard Li Feng's words.

"Oh, this is not bad. As a top luxury goods group, if we have a top auction house in our hands, it is a good supplement; yes, old Pino, I have always heard that you have a hobby of collecting art. Those artworks are also very interesting.

In my opinion, at Christie’s, we should be determined to win. Firstly, we can enrich our industry's right to speak. Secondly, if there is a chance, it is not possible to get some artworks that others cannot get."Li Feng turned his eyes at this moment, but he suggested with a smile.

"That's OK. Actually, if John is not interested in you, I am also very interested. I have been in contact before, but if this is the case, then we will buy in the name of the group. I think the problem should not be big. I have a relationship with Christie's. The relationship is not bad." Old Pino replied with a smile.

"Look, it's really perfect. Christie's and Burberry are here. By the way, Henry, how is Ports (Ports) connected?" Li Fenggang confirmed the matter of Christie's and Burberry, but suddenly thought of China The Ports over there suddenly asked Henry Pino.

After all, Henry is in charge of Spring Department Store, and Ports is developing the Paris Spring Department Store in China, and it is also cooperating with Spring Department Store. Henry and the Chen Qitai family are both familiar with it. It is natural for him to follow up.

...

"We have been in touch, and they are still very moved about the idea we put forward. In fact, the cooperation between Spring Department Store and Ports has just begun. The company has just been registered in Xiangjiang, and the rest is still a shell.

Ports hopes to acquire it in the form of cash + equity. Now we are discussing the specific details with them. It is estimated that it will take about a month to complete."

"Does the group have enough funds now?"

"John, from your acquisition of Saint Laurent to Gucci, etc., although the company still has some operating funds, if you want to acquire, even if it is a second-tier brand like Ports, you will have to spend a lot of money. After all, Ports has a global presence. Dozens of directly operated stores.

According to the current valuation of Ports at around 200 million U.S. dollars, considering that we take the initiative to purchase on-site, we need to increase it a little bit. Even in the form of equity plus cash, it is estimated that it will cost at least 100 million U.S. dollars in cash or more. Money, unless a bank loan."Henri Pinault replied with a smile.

Naturally, Li Feng understands Ports’ acquisitions. After all, in the negotiation team, they are all members of their own negotiation team, and they communicate with each other every time so that Li Feng has a full understanding.

"There is no need for bank loans. We are also our own people. I think you are also aware that the financial crisis in Asia is now in full swing, and my investment company is busy in Asia. After a while, I am thinking about how to account for it. The money from the above is spent, it's not, just right." Li Feng explained to the two with a smile.

"John, I have long heard that you have gained a lot in Asia. It seems that the media reports are not groundless." Old Pino replied with an enviable expression.

...

"Haha... Old Pinnacle, if you are interested, you can also try it?"

"Forget it, I don't have the help of your investment group, and I will run our business honestly."

"Haha..., then don't regret it!"

"Never regret it, and there is nothing to regret, after all, I have never considered this before."

"It's also..., it's better not to participate if you're not sure."

"Wow..., John, you seem to be confident."

"This kind of thing, where one can be 100% confident, can only depend on luck!"

"..."