In the next two days, the citizens of Xiangjiang felt that the executives of several major supermarkets were crazy. They immediately launched a 50% discount sale just two days after the 40% discount. What was even more outrageous was that Hengyu Supermarket Group and Watsons followed up with Wellcome.
The price was once again reduced to 40% off.
This also makes them understand that this time is probably the lowest discount price in Xiangjiang for a long time. Once Wellcome Supermarket cannot bear it, the current discount will no longer be available.
Some citizens cleaned up what they needed at home, and then made a plan to go to the supermarket for crazy shopping. They even purchased enough supplies for their families to use for a year.
Wellcome Supermarket did not follow up this time, and three days passed like this. On May 26, Li Guangyu met with Henry Keswick in the office again.
After sitting down in the reception area, Henry Keswick said: "Mr. Li, we at Jardine have given up this time. We are willing to withdraw from the Xiangjiang retail market. We just hope that we can restore the original price so that our Wellcome Supermarket can compete with our competitors."
The goods are being cleared.”
Li Guangyu did not expect that Henry Keswick would come to admit defeat so simply. He thought that Jardine would drag it out slowly. Although Jardine would suffer a lot if it continued like this, the Lee Group and Hutchison Whampoa would suffer even greater losses.
They lose a lot of money every time they sell a product.
Of course Henry Keswick and the others knew that the Li Group's losses were greater, but they would not imitate Li Guangyu and do things that would harm others and not benefit themselves. Their ultimate goal was to make profits, and they did not want to know that they had already lost money.
There was no hope, so they kept Wellcome in their hands and continued to suffer losses.
Li Guangyu said: "Mr. Keswick, I don't know if this is your intention or the intention of all the directors of Jardine Holdings Group. I don't want your supermarket to have a continuous supply of goods after restoring the original price."
Henry Keswick was quite angry. Li Guangyu didn’t believe in his character. It’s not like your Li’s consortium had no way of knowing about this situation. Many products in several supermarkets are from the same supplier. It’s not like the Li’s consortium was inquiring.
There is no such news.
He said to Li Guangyu: "Mr. Li, we members of the Keswick family cannot do such a thing that is detrimental to the gentleman's demeanor. This time it is a joint decision of the four of us. We will give up the retail market in Xiangjiang. If
If you don’t trust me, you can arrange for your personnel to be stationed at Wellcome Supermarket, and we will close down after the goods in the warehouse are processed.”
When Li Guangyu heard this, he knew that Yihe was determined to close Wellcome Supermarket this time. Li Guangyu also felt sad. No matter how nice he said it, he didn't care about the supermarket's losses. Looking at the situation in the past few months, he should have
The profits he received just slipped away, and Li Guangyu was still very unhappy. He just chose to persist in order to monopolize the retail market in Xiangjiang.
The closure of Wellcome Supermarket has also allowed Hengyu Supermarket Group to start operating. With so many additional stores, it can bring hundreds of millions of Hong Kong dollars in profits to the Li Group every month. This is the benefit of monopoly. Now even small and medium-sized supermarkets in Xiangjiang can
There are not many supermarkets left, and their two major supermarkets serve more than 5 million citizens in Xiangjiang.
Li Guangyu said with a smile: "I also believe that the chairman of Jardine Group will not behave inconsistently with his words and deeds. As for sending people to station, there is no need. You see, we will no longer offer discounts starting tomorrow. The three of us will
Over the past few months, I have made enough contributions to Xiangjiang."
Hearing what Li Guangyu said, Henry Keswick became angry. If the Li Group hadn't done this, who would have been willing to make such a contribution? In the end, Wellcome would have chosen to withdraw from the Xiangjiang market.
In order to clear the supermarket products and reduce the group's losses, I had to come to the store to restore the original price.
Henry Keswick said: "Mr. Li, thank you very much for agreeing to my proposal. I will not disturb your work."
After Li Guangyu sent Henry Keswick out of the door, he said to Gan Qin: "Inform Chen Linwen, Zhao Xiaoyan, and Li Xuelan that starting from tomorrow, Hengyu Supermarket, Hengyu Convenience Store, and Watsons will all restore their original prices. This discount event will be over.
Finish."
When Gan Qin heard this, she knew that it was Henry Keswick who had come to admit defeat, and she was very happy. Seeing that the supermarket had not seen profits for several months, she also felt sad for Li Guangyu, and now it was finally over.
She smiled and said: "Okay Li Sheng, I will inform them right away. I think they must be very excited too. They have also been under great pressure in the past few months. After all, as a group leader, the company is operating at a loss.
No one will be happy."
When Li Xuelan received Gan Qin's notice, she felt completely relaxed. She has been under the most pressure in the past few months. Hengyu Supermarket Group is solely owned by Li Guangyu and has Li Guangyu's support. There is no
any pressure.
Watsons is different. Its parent company is Hutchison Whampoa, which is a listed company. If it weren’t for the strong support of Li Ka-shing and Li Guangyu, and the subsequent acquisition of shares from small shareholders by Heungkong China Investment Company, I am afraid that this time it would have been maintained.
Can't go down anymore.
Even so, Hutchison Whampoa Group's shares were still sold by investors on the stock market, especially a few days after they conducted a 40% discount sale. These days, Ho's Investment Company acquired 8% of the outstanding shares.
On the morning of the next day, citizens saw that all the major supermarket signs that used to advertise discounts were gone. Instead, there were signs saying the discounts were over and that from now on they would no longer be sold at discounts.
This makes the citizens of Xiangjiang feel a little disappointed, but they also know that if the Li Group had not squeezed Wellcome Supermarket out of the Xiangjiang market, they would not have been able to enjoy the discounts of the past few months. Although it is a bit regretful, they can only
Accept this outcome.
At the same time, the citizens of Xiangjiang also felt that the British-funded consortium was becoming more and more lonely. One industry after another was driven out of the market by Chinese-funded families. The former overlord of Xiangjiang no longer had the glory of the past.
Although Wellcome is still in business, the citizens of Xiangjiang know that Wellcome must have withdrawn from the Xiangjiang market. Otherwise, how could the Li Group suddenly restore the original price after months of hard work.
The most disappointed person here is Zhang Shengjie, vice president of Jardine Matheson Holdings Group and chairman of Wellcome Supermarkets. This executive who switched jobs from the chairman of Watsons originally wanted to lead Wellcome Supermarkets to teach Watsons a lesson.
Unexpectedly, in just a few months, Watsons was fine, but Wellcome Supermarket, which he led, fell first.
Moreover, it is quite disadvantageous for him now. After graduating from Wellcome, where will he go? Yihe obviously will not support such an idle person like him.
At this time, he began to regret in his heart and blamed himself for the thoughts he had at that time. If he were still at Watsons, he would not need to worry about his future work.
He himself also understood that after the collapse of Wellcome, Watsons would follow the footsteps of Hengyu Supermarket Group and begin to expand externally. Unfortunately, all this has nothing to do with him.
He knew in his heart that the day Wellcome graduated was when he left the Jardine Group. He had been engaged in the retail industry for decades, and Xiangjiang was now monopolized by Hengyu Supermarket and Watsons, and he had no hope of joining.
If I want to engage in this industry again, I can only leave my hometown and find another place.