Of course, the first thing Igao did when he came to Paris was not to meet Bernard Arnault, the CEO of LVMH Group, the Napoleon of the fashion industry, and the richest man in Europe.
What's the difference between that and surrendering?
Dong Lingxi made it very clear in the email report to him that it was Arnault, the CEO of LVMH Group, who led the suppression of Zhaoshi Group with the intention of sharing the spoils. Of course, the troublemaker Li Zekai also contributed a lot.
After all, the media needs some evidence to smear a large company that operates in France and has many advertisers and brand designers. And Li Zekai can provide relevant evidence.
Of course, the evidence is specious. But enough fuss in the media.
The current equity structure of Zhaoshi Group is not registered with the French Ministry of Commerce in the name of Jing Gao. It would be tiring for him to sign. Instead, it uses a company registered in the tax haven Cayman Islands as the holding parent company, and the operating entity is in France
.
The holding parent company registered in the Cayman Islands: Xihe Alpha Fund is controlled by Jiuge Capital, Morningside Bank and several shell companies.
At the same time, Zhaoshi Group has cross-holdings with other acquired second-tier brands. This is inevitable because not all companies are acquired in cash when they are sold. Even if Jinggao can provide a large amount of cash, it is overvalued for tax avoidance.
Considering value, retaining talents, and the guarantee of the acquired party's right to speak in the future, some Zhaoshi Group shares will be paid for the acquisition.
Therefore, the equity structure of Zhaoshi Group is relatively complicated. There are major shareholders, small and medium-sized shareholders, as well as banks and institutional investors. The company has a valuation of 40 billion euros and its business spans clothing, leather, watches, jewelry, and perfume.
, it is impossible for a large group in the cosmetics, wine, spirits and other businesses to have a single shareholder, or only two or three shareholders.
It is just that Jing Gao controls about 70% of the equity of Zhaoshi Group through Xihe Alpha Fund.
This is a normal thing. Anyone who works hard to invest and build a business cannot be making wedding clothes for others!
For capital like Jinggao, after finally identifying a blank market and investing money and manpower, shouldn't they enjoy the largest slice of the rich profit cake?
Although the business philosophy that Jing Gao learned from Duan Yongping, the godfather of business, is often "money disperses and people gather together" and "money gathers and people disperse". But there is a degree! He is not stingy in giving to his business partners.
Operators and excellent designers come to share the wealth. But he wants to take the lion’s share!
In the end, after several rounds of games with acquirers, banks, and institutions, as well as option rewards for management, such an equity structure was finally formed.
You know, LVMH Group is a listed company in Paris, and Bernard-Arnault and his family hold about 50% of the shares. This is a listed company. Therefore, it is very easy for Igao to get about 70% of the shares of Zhaoshi Group, which has not yet been listed.
normal.
France's capital game is different from that of the United States, Japan, and China. They allow consortiums and capital to exist blatantly in the public eye.
If you pay a little attention, you will know that the shareholdings of the best large companies in the United States, especially listed companies, are relatively dispersed. Otherwise, individual power alone cannot guarantee wealth in a jungle like the United States.
Let’s check Japan’s consortium again. It’s clear that the whole society is highly hierarchical and classes are everywhere. After the father dies, the son succeeds, and the family is inherited. However, due to the split and control of it by the United States, its consortium is shared by several core families.
.Then they marry each other, enter into covenants, or blend interests to form relative control.
As for us, we have thousands of years of tradition that commercial capital cannot be higher than politics. Therefore, our large companies that are actually consortiums, such as Alibaba, Tencent, and some familiar names in the early days, are not called consortiums.
But it can only be called XX series.
The same is currently true for the Phoenix Group including Jing Gao.
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Closer to home, based on the ownership structure of Zhaoshi Group, the materials provided by Li Zekai show that the Xihe Alpha Fund is controlled by Jiuge Capital and Morningside Bank. This is enough for some people in France to "carnival" in the media.
Because a company registered in the Cayman Islands does not need to provide a shareholding structure to the government. Where can Li Zekai check? The shareholding control he mentioned can only be elusive. However, there is no doubt that the executives of Zhaoshi Group
Everyone knows who the boss of the group is.
Therefore, there is no real evidence for this kind of speculation, but the exposure of such things, coupled with some anonymous channel information, is enough to set off a wave of public opinion.
Beijing time is six hours ahead of Paris time. It was six o'clock in the evening when Jing Gao arrived in Paris with Gu Xixi, Chen Qingshuang, Dong Youwei, Ouyang Wan, Teacher Zheng, bodyguard Chen Aiyang, and Qi Feijun.
The dignified and beautiful woman Dong Lingxi came to pick up the plane with her people and car, "Mr. Jing!"
Jing Gao looked at Dong Lingxi, who was wearing a white dress, a graceful figure, and a blue zebra-print top. She had a pretty face without makeup, and her skin was fair and tender. He smiled and shook hands with her, "Lingxi, you look good!"
"
Paris is a high-latitude area. Even though it is already the end of May and approaching summer, the weather is still like late spring. Wearing single clothes will be a bit cold.
There is no doubt that if Dong Lingxi, a beautiful woman, takes off her coat and only wears a white skirt, revealing her graceful and concave sexy figure, she will be like a stunner, a mature beauty! With years of experience,
The charm after baptism.
It was two years ago when Jing Gao first met her. Now, at the age of thirty-four, she is still so beautiful. She is blooming unknown in a foreign country. Of course, she has no shortage of suitors.
In fact, don’t look at foreigners, especially Chinese models used in the West, and some aesthetic magazines, they like to use women with squinted eyes and flat noses that we, the general public, think are not beautiful. But in fact, the aesthetic difference between the East and the West is not that big.
.
All beauties are alike. Why do you think Monica Bellucci, Sophie Marceau, Hepburn, and Vivien Leigh are beautiful? Can't they appreciate Oriental beauties? Impossible! It's just deliberately distorting the aesthetics of ordinary Chinese people.
That's all.
But with the expansion of China's national power and consumer market, this situation is improving. Because the green mountains cannot cover it, it will flow eastward after all. Who is beautiful and who is not beautiful? As long as the number of people sampled is large enough, there will generally be a common area.
.or some similar points.
Dong Lingxi smiled bitterly and said, "Mr. Jing, thank you for coming. I'm almost worried about death." She is the president and chief financial officer (CFO) of Zhaoshi Group. She has been under great pressure recently. She feels that the group's CEO
Karl Behrmann may not be loyal to Jinggao, the major shareholder, but has other agendas.
After exchanging a few words, Dong Lingxi, Gu Xixi, Chen Qingshuang, Ouyang Wan and others shook hands and got to know each other. I shook my head in my heart, Mr. Jing is really a romantic person!
The group of people took a car and first arrived at a villa in the 16th district of Paris, a wealthy area. Jing Gao owned a large winery in France, so he naturally bought a large villa in Dong Lingxi, a wealthy area. As for the property tax, he could afford it
.
Dong Lingxi also has a villa here. It is next to Jinggao's villa. She drives to work in the Zhaoshi Group headquarters building every day.
When a storm like this is about to come, Jing Gaodang will not choose to stay in a hotel. Unless it is his own hotel.
Even if he makes a fool of himself, his security team will give him advice. Who doesn’t know that the Bad Army is famous for eavesdropping? He is so ruthless that he even detects his allies!
Arriving at the villa in District 16, which has beautiful scenery, tranquility and good security, Jun Zi (Qi Feijun), who is responsible for the safety of the team this time, suddenly said: "Mr. Dong, if you don't mind, I would like to inspect your villa."
He brought the latest equipment.
Dong Lingxi was stunned for a moment and looked at Jing Gao. Jing Gao nodded.
