When Gan Qin went to Swire Pacific to discuss the acquisition of Swire Aircraft Maintenance Company with Wooden Swire, Li Guangyu also met with Elaine Herrington, President of Goldman Sachs Asia's Greater China Affairs, in his office.
In the reception area, Yilanli Herrington, who was sitting opposite Li Guangyu, said: "Mr. Li, after more than a month of negotiation, we finally got the 7-11 company and its brand owned by Southern Company."
This time, in order to give a good impression to the Lee Group, Goldman Sachs acted very quickly, sending elites to negotiate with Southern Company, and keeping the price quite low. 7-Eleven, which originally had a market value of about US$200 million,
They took it for US$180 million.
This time they were still able to make tens of millions of dollars in profit, which is also one of Goldman Sachs' main ways of making money.
Li Guangyu said: "Ms. Herrington, I didn't expect your Goldman Sachs to be so fast. It was originally expected to take three months, but you only took half the time to do it."
Yilanli Herrington smiled and said: "Mr. Li, please believe in the strength of our Goldman Sachs. I heard that your acquisition in England was quite unsatisfactory. In the United States, if we, Goldman Sachs, take the initiative,
There will never be such a problem, we can solve any problems for your consortium in the companies you can acquire."
Although Li Guangyu knows that Goldman Sachs is powerful, Li Guangyu should not dream of acquiring such a telecommunications company in the United States. The investigative agencies in the United States will not allow Li Guangyu to control their companies.
This time, there are still many people in Britain who are opposed to the Li Group's acquisition of 50% of the shares. If it weren't for Thatcher's repeated insistence, Li Guangyu wouldn't even think about it. And I want to know that Xiangjiang is still under British rule. Li Guangyu
It is so difficult for Coslight to acquire the company, so one wonders what the outcome will be in the United States.
Li Guangyu said: "Ms. Herrington, you also know that many companies in the United States are beyond the scope of our Li Group, so we can find markets in industries that have little to do with U.S. security. In the future, mergers and acquisitions in this area will
I still need your support from Goldman Sachs.”
Yilanli Herrington said: "Mr. Li, we at Goldman Sachs are also looking forward to cooperating with your Li Group again. If your group has any needs, you can contact me at any time. I believe that we at Goldman Sachs can definitely help you complete the acquisition."
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What Ilanli Herrington wants is to win the Lee Group's acquisitions and mergers and acquisitions business in the United States. Now he does not have too much business in Greater China. He is more engaged in helping Goldman Sachs enter the mainland.
Prepare.
There are very few groups in Greater China that have the strength to go to the United States to acquire and acquire companies, and currently the only one that can carry out large-scale acquisitions is the Li Group. If she wants to achieve better performance, she naturally hopes to work in the Li Group
Get more business here.
While Li Guangyu and Yilanli Herrington were chatting, Zhao Xiaoyan, vice president of Hengyu City Group, came to Li Guangyu's office.
After Zhao Xiaoyan sat down, Li Guangyu said to her: "Since Xuelan and Linwen are opening up local markets in Baodao and Japan respectively, this time you will go to the United States to sign the acquisition of 7-11 with Goldman Sachs. At the same time,
Stay in the United States temporarily, rectify the 7-11 company, and stabilize the development of 7-11 in the United States. I will ask Xiaoli to cooperate with you."
Zhao Xiaoyan had long known that the group was entrusting Goldman Sachs to acquire the 7-11 company in order to develop its own convenience retail stores. However, it did not succeed so quickly, and Li Sheng also sent himself to take over, so he would not be responsible for the convenience store by then.
The store is managed.
Zhao Xiaoyan was very happy when she thought of this. Nowadays, the main managers of the city group are Li Xuelan and Chen Linwen, and there are relatively few places where she can intervene. Even if she has a higher position in the group than Chen Linwen, it is useless.
It is also a good thing for me that I can be responsible for the convenience store affairs alone this time, otherwise the vice chairman and executive vice president of the group would be really frustrated.
Zhao Xiaoyan said: "Li Sheng, I will go to the United States tomorrow. I will maintain the stability and development of 7-11 and expand the influence of the 7-11 brand in the world."
Li Guangyu then introduced Elani Herrington to Zhao Xiaoyan. This time Herrington will go to the United States with Zhao Xiaoyan to assist the Li Group in completing the acquisition.
After chatting for a while, Yilanli Herrington stood up and said goodbye to Li Guangyu, and at the same time once again expressed Goldman Sachs's desire to cooperate with the Li Group.
After sending away Ilanli Herrington, Li Guangyu said to Zhao Xiaoyan: "After you take over 7-11 this time, pay attention to see if the company has suitable talents, and at the same time look for a reliable successor to manage 7-11.
Talent, you lead a group of backbones back to Xiangjiang to build our 7-11 convenience store and expand to Southeast Asia. From now on, you will be mainly responsible for 7-11 convenience store affairs."
Zhao Xiaoyan was very happy after hearing this. With Li Guangyu's instructions, she can safely manage the 7-11 convenience store. Although it is very busy, she likes this kind of life. She holds such a high position in the group but is not responsible.
She was very unaccustomed to the expansion of the group, and now she finally had her own mission.
Zhao Xiaoyan replied: "Li Sheng, after I go over, I will pay attention to the situation inside the company and strive to complete the company's reorganization within three months so that the company can stabilize and lay a solid foundation for our expansion."
Li Guangyu is not too optimistic about the development of convenience stores in the United States. Instead, he is more optimistic about the markets in Hong Kong, Thailand and other places. Japan, Taiwan and Singapore are all represented by local groups, and it is not easy for Li Guangyu to enter these markets.
In different regions, we can only hope to charge more agency fees.
Thinking of this, Li Guangyu said: "After you take over 7-11, look at the contracts between the company and agents in various regions. The current agency fees are really too low. Find ways to increase them in the future."
Zhao Xiaoyan said: "Li Sheng, Japan's Ito-Yokado, which is doing well, can be raised a little. However, Baodao and Mexico are still losing money. If we increase the agency fee, I'm afraid it will not be conducive to the promotion of our brand."
Li Guangyu was so busy with the group's affairs that he really didn't pay attention to this situation. He also asked: "Can you tell me more about this issue?"
"Li Sheng, after Ms. Peng and others investigated 7-11, they brought some information about agents in various regions to our group. Currently, only Ito-Yokado is profitable, and Takarashima Uni-President Group is still in the process of
We are losing money. Based on the situation in each region, we concluded that 7-11 convenience stores have relatively large initial investment, and it is estimated that it will take about five years to recover the cost. Of course, this is because of the large-scale opening of stores. Because at the beginning
The market acceptance is limited and loss-making operations will occur," said Zhao Xiaoyan.
Li Guangyu is not worried about this. He does not rent houses in any of his stores. Otherwise, the city group would not need him to invest so much money. Even if the market and retail stores earn little profit, the promotion in the store will be enough for him.
Made a fortune.
As for the initial loss-making operations, it is quite normal. After all, the market is not opened up all at once. It takes time to accumulate.
Li Guangyu said: "After you take over 7-11, make adjustments according to the actual situation, and try to ensure the interests of the group while maintaining the 7-11 brand promotion."