Reborn Wealth America

quickly.

A breaking news.

Let everyone present know what happened and why the Wexner Brothers suddenly changed their faces and left.

[The white knight rebelled?Oasis Investment obtained 59.74% of the shares of lb Garment Group and officially became the largest shareholder of lb Company

The first to issue this news was the official Facebook account.Facebook, as one of the world's largest Internet social media, sometimes gets the first-hand news, and it will forward it immediately.

Just like today.

The content of this news is as follows:

[The acquisition of lb apparel group (LimitedBrands) led by Oasis has attracted much attention.

[Recently, this apparel group announced its fiscal year 2018 performance report.Dragged down by Victoria's Secret... even if the apparel category is slightly profitable, for the whole year of 2018, LimitedBrands sales fell by 7% year-on-year to US$2.678 billion.The profit before interest and taxes was US$131 million, higher than the US$86.96 million in the same period last year.

[This is an annual report card with both sales and profits hitting new highs.

[Of course... This is an inverse growth!

[Victoria’s Secret CEO Ciri Wexner once said: “This year, our sales and profits are slightly lacking in stability, but it’s the economic downturn! Our new strategy is about to bear fruit, and most of our businesses have made good progress. We will be profitable next year!"

[The founder of limitedbrands, Les Wexner, founded the first clothing store in 1963.Wexner relies on its superb taste and keen business sense to position its brand on teenagers, especially young women.Accurate product development and genius management made the company an instant success.The company owns chain stores including Victoria'sSecret, BathBodyWorks and theExpress, with more than 8,000 employees.

[In the past few decades, this company has continued to expand in the apparel industry.The latest 2018 financial report shows that outdoor sales increased by 10% year-on-year to US$1.661 billion. The growth momentum in the Asia-Pacific region mainly came from China and Japanese pirates.Among them, clothing sales were 586 million U.S. dollars, an increase of 5%, footwear fell 4%, and outerwear 14%.

[In addition, Victoria’s Secret sales were 1.638 billion, an increase of -13% year-on-year.Sales of the underwear division increased by -4% to 379 million US dollars.

[From the perspective of regional markets, Europe, Middle East, and Africa (EMEA) market sales were 1.163 billion US dollars, accounting for 43% of total sales, Americas sales were 1.124 billion US dollars, and Asia-Pacific market sales increased 7% to 392 million US dollars. .

[In fiscal year 2018, the company's direct sales channels were prominent, with sales increasing by 19% to 329 million US dollars.Among them, e-commerce business increased by 24%, self-owned retail business increased by 14%, and same-store sales increased by 7%.As of the end of 2018, the company had 364 retail stores. During the period, 40 new stores were added and 42 stores were closed.

[The company expects that sales and profits in 2019 will increase further on the basis of 2018. The group will focus its strategy on apparel and footwear, direct sales, China and the US market.

In summary.Excluding the annual loss, the annual loss is extremely serious, and the minimum annual loss is more than 89.65 million US dollars outside of Victoria's Secret.lB Apparel Group is a group with steady performance and rising profits and continuously creating new highs in profits.

[But no matter how the company's other businesses grow, they will never be able to fill the losses and bottomless holes caused by Victoria's Secret!

[Before Victoria's Secret could not maintain self-profitability!The unhealthy financial state of LB is impossible to end!

at this time.The outside world is unanimously not optimistic about Oasis Investment’s move to LB Company...

[In the middle, it is even more crazy that Buffett has intervened in this acquisition, and he has become a white knight.Help the Wexner family resist a hostile takeover from Oasis Investment.

[But at night, I received the news.Oasis Investment announced that they have officially obtained more than 59% of the shares and 61% of the voting rights, absolutely controlling the lb group!

[The incident happened suddenly and the ins and outs are temporarily unknown... Please look forward to the detailed report tomorrow...]

This report has everything from lb data to Victoria's Secret data. The most ironic thing is that almost all other businesses of lb are profitable, and they are profitable according to other businesses.But the most important and famous Victoria's Secret, the world's top model brand, is losing money.

And the losses are particularly serious.

The lb clothing group, which was so serious that it was profitable, turned into a loss because of the drag of Victoria's Secret business.

simply put.

Victoria's Secret's parent company lb makes money, but in order to make up for the loss of Victoria's Secret, the money becomes a loss.

Victoria's Secret became a drag!

This "Good Body Exhibition", a business with such a high annual ratings, has actually become the biggest drag on the lb Group!

Very ironic.

But this is reality.

What is said at the end of the article is not detailed, only that Oasis Investment has completed the absolute holding of the lb clothing group.Especially in the most important voting power in a listed company, it has achieved extremely high control.

Such a high degree of control.

It already means that Oasis Investment has the right to kill the lb clothing group.

After reading all the contents of this news.

The guests on the first and second floors knew why the Wexner brothers, who were so arrogant and feel so good about themselves, left in such a hurry.

nonsense!

The company on which you live.

They have become meat on other people’s slabs, and they are still in front of the butcher who is holding a butcher knife to cut the meat, shouting as a piece of meat: "You come to cut me! You come to cut me! I am here, You cut it!"

It's so stupid.

"Puff......"

After watching the full news.

Michael Jordan couldn't help laughing.

He thought of the arrogance of the Wexner brothers in front of Abel just now, that kind of indomitable sense of middleness.

The god of basketball shook his head funny.

"This plot really looks like it's played in Hollywood... No, Hollywood doesn't do it like that. I didn't expect it to happen in reality."

"It's a great show."

The actor of Mr. Bean, the famous British actor, said Rowan Atkinson.

Michael Jordan looked at this respectable actor, who, with his acting skills, elicited the image of a fool who made all the world laugh.He is the real acting star, a top actor, not a star.

"in fact……"

Michael Jordan said in a low voice: "This proves. How amazing this gentleman's wealth is and how amazing his methods are. Even Wexner’s rumored white knight Buffett can’t fight him!"

"Yes!"

Mr. Bean also sighed.