Bathed in the early morning sunshine of early June, the old Pinault, sitting at the dining table, looked already decrepit. He was a contemporary of Arnault and Lagardère.
Listening to his son's impatient words, old Pino didn't even blink and said: "Wait a minute. As hunters, we need to be more patient when dealing with cunning foxes."
Even if you make less money because of it.
Little Pino nodded. Speaking of which, he was indeed behind the scenes in this sudden fight.
In fact, he roughly knew the reason for the fight between dragons and tigers surrounding the "Zhao Shi Group".
First, a Japanese guy from Hong Kong Island came to Paris to lobby Arnault. He was the youngest son of Hong Kong Island’s richest man, Li Ka-shing.
Because he was made to lose US$1.2 billion in US stocks by Jing Gao.
Second, the development of Zhaoshi Group, especially the nature of its capital, can better control the preferences of the Chinese market. This has made the big French luxury goods groups start to be vigilant and suppress it!
This is the normal state of the capitalist world. If you can't compete, you will use means to suppress it.
And he is just a pawn secretly attracted by Arnault. Because the Kering Group of the Pinault family is also a luxury goods group. They are ranked third after LVMH Group and L'Oreal Group. The following companies are Hermès and Chanel.
.
Of course, this year, Kering Group’s sales can rank second because they attach great importance to the Chinese market.
It's okay to wait a little longer. Even if you can't maximize your profits, it's better to be safe.
Little Pino made up his mind, and while he was drinking milk, he saw his confidant David Lewis coming in, the black translator who accompanied Mii Gao last time. He not only understood Chinese, but was also a member of Little Pino's circle.
Assistant in.
At this time, his expression was anxious. But David Lewis saw the father and son having a meal, so he waited at the door of the restaurant.
Little Pino asked: "David, what's going on?" Although he was in charge of the Kering Group and had taken over, he would not hide business matters from his father.
David Lewis said respectfully: "Mr. Pinault, news just came from China. A think tank issued an investigation report. The core brands of LVMH Group: LV, Bulgari, (spirits) are all in the Chinese market.
It has suffered a considerable decline. Public opinion there has exploded on the Internet."
What? Little Pino was slightly startled.
Old Pino was well informed and asked: "He played the patriotic card?"
David Lewis replied: "No. According to feedback from our group's staff there, Mr. Jing controls their largest online public opinion platform: Weibo. It is equivalent to Twitter. The news has been trending.
I think it’s most likely a rumor.”
Think tanks publish reports and public opinion breaks out, causing stock prices to fall. This routine is almost gone to waste in European and American stock markets.
But a routine has not been eliminated after being abused, which shows that this routine is very easy to use.
In other words, LVMH Group is in big trouble today. This is another piece of bad news.
If you start spreading rumors, you will lose your legs if you refute them.
Old Pino raised his eyebrows slightly. He felt that "Mr. Jing", a super rich man from China, was very vague. Now he had a rough estimate: Mr. Jing is very powerful!
In today's industrialized society, it is not whoever manufactures the goods who dominates, but whoever owns the market dominates in most fields.
In the field of luxury goods, it is exactly a buyer’s market!
Even luxury goods around the world are learning from the sales routine invented by Bernard Arnault: launching limited editions, limited purchases, first released in global central cities such as New York and Paris, and other cities have to wait several months before the goods are available.
Old Pino thought for a while and nodded to little Pino who looked at him, "Just go ahead and do it."
The attitude is completely opposite to what it was a few minutes ago!
This is not called talking about something, this is called "moving with the camera".
In fact, the old Pino's estimate of Jing Gao's strength was wrong. In the United States and the West, the energy of media tycoons is very small. Their net worth may not be the highest. But their influence is not comparable to that of the richest people on the rich list.
of.
However, among flower growers, media platforms are not actually the fourth power. They are all subject to orders. Igao is not a media tycoon in the American and Western sense.
However, Old Pino's estimate of Jing Gao's strength was correct.
Because he has money!
Little Pino stood up and said cheerfully: "Okay, Dad. I will go to No. 12 Roatan Street in the 16th District in person." He will bring all the bad news about LVMH Group that he has collected over the years, and also
Including the secrets he planted in the LVMH group
At 9:30 a.m. on June 5, the Paris Stock Exchange opened on time.
Most of the people in the hall were staring at the share price of LVMH Group. As a component stock of the Paris Exchange, the rise and fall of LVMH Group's share price is related to the broader market.
After LVMH Group's share price plunged late yesterday, rumors abounded in the market. The most eye-catching one was the short-selling report posted on Deutsche Bank's official website.
Everyone is paying attention to the direction of LVMH Group's stock price after today's opening. Yesterday's late limit drop can be said to be affected by bad news and market sentiment, and its stock price does not truly reflect its fundamentals.
So, after more than ten hours of preparation, will the stock price rise or fall next?
The results will be announced soon.
Bernie Augustin, vice chairman of the Paris Exchange, stood in a corner of the trading floor, folding his arms and looking at the screen in front of the trading floor.
With the popularization of computers and the Internet, all European stock exchanges use the same software for operations. The entire trading floor is no longer as noisy and crowded as when he entered the industry decades ago.
He actually missed the golden years back then! France was really in decline these years. Civil unrest, political chaos, economic decline, and rising unemployment
However, the Paris Stock Exchange hall is still a little lively today. After the "auction transaction" this morning, a company from China was arranged to ring the bell for listing.
More than a dozen financial media who are resident at the Paris Exchange are crowding the stage, preparing to take photos.
The host took the microphone and announced in French: "Please ask Mr. Qin Ziheng, the chairman of Sharp Company, to ring the bell."
Bernie Augustine rubbed his bald head, watching this common scene, his thoughts kept wandering.
The time in the Far East is 6 hours ahead of Paris time, and it is already afternoon in the capital. The meager public opinions and trending news over there have been transmitted.
As the vice chairman of the Paris Exchange, of course he knew this information.
And as the confrontation between the major shareholder of Zhaoshi Group, Igao, and Europe's richest man, Bernard Arnault, spread, some of the news seemed reasonable.
One: LVMH Group suppresses the Chinese-owned Zhaoshi Group, so its market share in China has declined. Isn’t that normal?
Second: Mr. Jing of Zhaoshi Group is a media tycoon in his country, enough to influence consumer choices. The reputation of LVMH Group for decades has been destroyed in one day.
Third: Something in the LVMH Group has touched certain red lines. This time it was exposed by Mr. Jing, and it wanted public relations but failed. The market share will continue to decline, and it is not impossible to withdraw from the Chinese market.
Bernie Augustine felt distraught when he thought about the news.
As the vice chairman of the Paris Stock Exchange, he managed several funds and placed heavy bets on LVMH Group, a component stock of the Paris CAC40. In fact, the share price of LVMH Group has never disappointed him and has been rising all the way.
He also recalled the scene of Chester Flynn, co-president of Deutsche Bank's investment department, being interviewed by reporters in front of Deutsche Bank's headquarters before the market opened in the morning.
Reporters armed with guns and cannons surrounded Chester Flynn, who came out for a brief interview. A female reporter in a red coat asked: "Mr. Flynn, is the short-selling report released by Deutsche Bank true?"
"
Chester Flynn said: "Of course it is true. I have the signature materials of the parties involved. Which media are you from? Next question."
The next question was from a middle-aged reporter who spoke English rather than German, "Mr. Flynn, Deutsche Bank stated in the report that LVMH Group is not worth a market capitalization of 140 billion euros, and said that LVMH Group's stocks are only
It’s worth X euros. What’s your basis?”
Chester Flynn stared and said: "Hey, Body! Haven't you paid attention to the news from the Chinese market? LVMH Group has taken the lead in squeezing out the Chinese Zhaoshi Group and is about to lose the Chinese market. So, what do you think?
How much is it worth now?"
The questions are going on one by one
Just when Bernie-Augustin was letting his thoughts wander, the screen in the exchange hall already showed the battle between the bulls and the bears surrounding LVMH Group's stock price: the stock price was fluctuating up and down.
Funds are constantly being invested, and fierce fighting is going on.
Then, a sudden noise and purification disrupted Bernie Augustine's thoughts.
This chapter has been completed!