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Chapter 640 Witness
Big companies in America are used to making use of America's global influence to play tricks, and Wall Street was the first to do so.

Among them, Goldman Sachs is the leader. In the whole world, he has harvested crop after crop of leeks. You must know that Soros can only be regarded as a high-level thug on Wall Street. Without the support of Wall Street and the influence of America, he How can it be possible to cut leeks from England, Mexico, Southeast Asia and other places.

But Wall Street’s cutting leeks is still a literary struggle. They all rely on America’s global dominance to force those regions to cut them. Well, anyway, those places where the leeks were harvested were all the local leeks. The powerful people didn't lose much, but took the opportunity to make a fortune.

Immelt and General Electric, the acquisition of Alstom, is a real fight, no face, no pretense, directly arrest the president of the other party, and then install the crime, and then directly split it with the help of the American Department of Justice The other party forced the other party to sell himself to General Electric at the price of cabbage.

That was General Electric, the moment when its power was at its peak. To be honest, you can buy any company you want. Immelt is also the most powerful figure in America, mobilizing all major federal departments.

Compared with Goldman Sachs and GE's domineering, RICK is at most a small fight this time, and he just put LVMH group together.

According to Wall Street's method, Gucci is estimated to have been delisted at this time, and was fined heavily by the New York Stock Exchange. After draining Gucci, it was auctioned by the New York Federal Court in the name of "non-performing assets", and finally sold to an investment bank.

Wall Street institutions repackage Gucci, let Gucci reorganize, get rid of debts, and finally achieve rapid performance, and sell it to giants in the luxury goods industry at a sky-high price of tens of billions of dollars. This is a common Wall Street routine, one fish eats more , the stone can drain the last drop of oil!

If it were Immelt, it would be much simpler and rude. Relying on the connections Welch left in America for decades, he directly used the relationship between the Federal Department of Justice and the Trade Commission to send the de Soleil gang The person was detained, and then charged with a feces basin, forcing Gucci to sell himself, otherwise all the executives on the opposite side would be arrested.

Compared with the means, Immelt is still a lot rougher, but this method is indeed useful for those big companies.

Song Yang this time, can only be regarded as a small trial at best. He didn't use force with Gucci and the LVMH group, and he still doesn't have enough contacts and connections in the federation.

If you wait until the Elephant Party comes to power, you can take advantage of the opportunity to join the LVMH group, even Bernard Arnault would not dare to compete with RICK.

Song Yang made a round of phone calls, thinking that the acquisition of Gucci would definitely not be a loss. As long as Gucci continues to develop normally, the price of 40 billion US dollars may seem expensive, but it is not difficult to earn back!

Gucci is the most profitable luxury brand in the world alongside LV and Hermès. If RICK did not make the move this time, it would have been acquired by the Printemps department store group, the predecessor of the Kering Group. One of the luxury groups.

Kering Group, relying on Gucci, competes with LVMH Group. Gucci alone can earn 100 billion euros a year, with a net profit of about 40%, which is much more than ordinary high-tech companies. Only the profit margin of Apple's mobile phone at its peak can compete with Gucci and Hermes!

If you get Gucci, if you want to make a lot of money, you can’t just sell bags. You can make a lot of money just by cashing out Gucci’s parent company RICK. You can also launch a Gucci membership card. Cut the leeks.

If you want to cut leeks, there are many means, just to see if you are black-hearted, or if you want to play the Gucci brand badly, otherwise, it is better to keep the water flowing.

Song Yang is now the largest shareholder of RICK. RICK now owns the three major brands of Gucci, Victoria's Secret, and Balenciaga. It is also the largest nightclub group in America. As long as these industries of RICK are in operation, it will be out-and-out cash Cows, the cash flow of luxury goods, are quite huge.

Think about it, future users will wear Victoria’s Secret underwear, Balenciaga stockings, and Gucci bags. If they buy other luxury brands, they will drink RICK’s spirits and wear RICK’s outerwear. Wearing RICK’s cosmetics, spraying on RICK’s brand of perfume, going out for a run or playing ball, and then wearing RICK’s running shoes...

At that time, RICK was definitely making money every day. In fact, the current LVMH group is like this. If Bernard Arnott was not hesitant at the beginning, with the cash flow of the LVMH group and the Even if the US dollar loaned by the bank is smashed with a US knife, it will kill Gucci, and it is not RUCK's turn to fight for it.

But Bernard Arnott, who wanted to play boiled frogs in warm water, might never have imagined that someone would dare to compete with LVMH Group for business, so he was succeeded by RICK, but this could not be separated from the support of several major departments of the American Federation. Otherwise, how could the Netherlands, Italy and other places watch Gucci play tricks and issue new shares to trap Bernard.

"Song, after we finish dealing with the troubles in Amsterdam, we will return to America!"

Eric called Song Yang, with a little excitement in his words, the trip to Old Europe was finally not in vain.

It is obvious that the LVMH group will not let it go, and the Amsterdam court will sue Gucci and RICK, even if it is hopeless, it will add some obstacles.

"Amsterdam, don't worry, Gucci has been acquired by RICK, and the relationship between Gucci and LVMH has become a bad debt at most!"

Song Yang said to the phone, the uncooked rice has already been cooked, so if you eat the food in your stomach, can you still pull it out?
If the LVMH Group is an institution on Wall Street, it might work. Those guys who can pull out the network cable will not suffer at all.

But the LVMH Group belongs to France, and the Gallic rooster does not have much influence in America. Although it is not like Japan and Bangzi, which are harvested by America every year, they still have to be harvested every few years.

Eric, who was on the plane, used the satellite phone and glanced at Kravis next to him. Now he has a little understanding of the skills of this old Wall Street gun.

"The troublesome thing now is that the LVMH Group still owns more than 30% of Gucci shares. Would RICK want to buy this part of the shares?!"

Eric asked, the LVMH group is still the second largest shareholder of Gucci, even if it can't dictate to Gucci, but there are people from the LVMH group on the board of directors, which seems to be intimidating.

Song Yang thought for a while, "This matter is not urgent, talk to LVMH Group slowly, if the price is right, you can repurchase the Gucci shares in LVMH's hands, otherwise, let's drag it down slowly..."

It's not RICK who is so anxious. Now that RICK is the largest shareholder of Gucci, there are ways to slowly dilute the Gucci stock in the hands of LVMH Group, just to see it increase the blockage, but Song Yang has absolute patience.

If Bernard still dares to play tricks, then RICK will play tricks and directly empty out Gucci without leaving a penny in the account, and will lose money every year. The LVMH group will not get a return from Gucci. I have to post a large sum of money!

The Federal Foreign Affairs Committee, the Federal Securities Commission, and the Wall Street movement are all on RICK's side. What does the LVMH Group use to fight RICK, and the tactics are backward...

Eric let out a laugh, clenched his fists and said fiercely, "Bernard cheated RICK of hundreds of millions of dollars, and now he wants to get out of the field, how can it be so easy!"

LVMH Group's lawsuit against Gucci is still under trial in the Amsterdam court in the Netherlands, but the Amsterdam Exchange will soon give an answer.

On the premise that RICK has already acquired Gucci, the Amsterdam Stock Exchange issued a statement, "The transaction between Gucci and RICK is indeed somewhat improper in procedure, but it does not violate the provisions of the Amsterdam Securities Act, and does not support the cancellation of Gucci proposed by LVMH Group. Trade proposal with RICK!"

In other words, the Amsterdam Stock Exchange believed that Gucci did not have any personnel affairs, but the Amsterdam Exchange did not see any problems with Gucci. What Gucci did was not a personnel affair, but it did not break the law. The Amsterdam Exchange also has no right to cancel the acquisition of RICK. Gucci deal.

For LVMH, the Amsterdam Stock Exchange gave a "suggestion", "The dispute between Gucci and the LVMH Group is recommended to be resolved by agreement between the two parties!"

When seeing this statement, the LVMH Group did not know how it felt, but the onlookers all had the feeling of ten thousand grass mud horses galloping past their hearts.

Anyway, the Amsterdam Stock Exchange is pretending to be blind. Neither side can afford to offend. No one supports, no one opposes, and no one takes the blame. Let the two sides discuss how to solve the problem.

This is not to blame for the Amsterdam Stock Exchange. Didn’t you see that the NYSE is also pretending to be blind? It is also secretly pulling the wrong frame, and even rumors that Gucci’s equity in the NYSE will be frozen. But after RICK won, the NYSE The exchange immediately changed its tone, claiming that Gucci's compliance with the New York Stock Exchange!
The decision of the Amsterdam court has not yet come out, but according to the current situation, the Netherlands obviously does not want to provoke America. The final result is probably not much better for the LVMG Group!
LVMH Group Headquarters, Bernard Arnault's office was terribly silent. Antonio had been standing there for half an hour, with sweat streaming down his forehead, but he still hadn't waited for Bernard to speak.

"Boss..."

Just as Antonio couldn't help opening his mouth, he felt a gust of wind blowing by his ears, and a bottle of Hennessy brandy had already hit the ground, making Antonio's eyelids twitch.

Bernard Arnott stared at Antonio indifferently, making Antonio feel as if he was being targeted by a wolf.

"Do you know how much the LVMH Group has lost this time?!"

The news from the Netherlands made Bernard furious, but there was nothing he could do. Amsterdam couldn't afford America, so what could he do? Could it be that he went to New York to file a lawsuit against RICK?
Bernard's brain is still not broken, he is really afraid of people getting off the plane, whether he can return to Paris is a problem.

Now the LVMH Group is trapped in Gucci, and it is a question of whether the shares bought at such a high price can be sold.

Not to mention, I also borrowed so many dollars from Zarad Bank and Societe Generale Bank, and I have to pay a lot of money for the interest alone.

For Bernard, it is not a heavy loss if he did not acquire Gucci, but for the LVMH Group, its prestige in luxury goods is a blow.

In the past, those consortiums and institutions that followed LVMH like a glutton and attacked everywhere to help him bite opponents will no longer support him so brainlessly. LVMH Group is invincible in the luxury goods industry. The myth has also been broken, and this is the most detrimental to Bernard. These invisible things cannot be measured with a dollar knife.

"You go to Asia and take charge of the promotion of LVMH Group!"

Glancing at Antonio coldly, Bernard said to him in disgust, "Antonio wants to leave, but there is no way, and he caused a lot of trouble for the LVMH group. If Antonio ran away after slapping his ass, it would be too cheap for him."

If it wasn't for the sake of following him for so many years, how could Bernard only relegate Antonio to the wasteland of Asia, the luxury industry, to open up wasteland, and he must be punished and live on the streets with a butt of debts on his back.

Although he was driven to Asia, Antonio finally breathed a sigh of relief. He now has a lot of value. Although the luxury market in Asia is far inferior to that in Europe and America, going to Asia is equivalent to being I was kicked out of the right layer of the LVMH group, but I finally kept my worth, and I might have a chance to return to the European headquarters in the future.

Waving his hand to let Antonio leave, Bernard rubbed his brows. Although he missed this round, Bernard will not stop in his steps to build the LVMH Group into a luxury goods empire.

However, in the future in the luxury goods industry, there will be one more opponent. Bernard looked outside indifferently, with the corners of his mouth raised, and muttered to himself with a sneer, "There will be opportunities in the future!"

As long as he is still in this business, Bernard feels that there will always be a chance to compete with RICK and Song Yang, and then we will see who wins.

Song Yang doesn't know what Bernard is thinking, even if he knows, Song Yang won't care too much, Song Yang is not prepared to compete with Bernard for the number one in the luxury goods industry, as long as RICK can become his It is enough to provide Song Yang with a steady stream of cash flow. As for the LVMH Group, if there is a chance, Song Yang might try to help Bernard again. , twice is not too much...

Song Yang has been to the NASDAQ exchange several times. When Netscape, Yahoo, and Double-Click were listed, Song Yang was in the lobby of the NASDAQ exchange. This time, Song Yang came here again , but not for ICQ, but another one, Amazon!
(End of this chapter)