Wolf of Xiangjiang

end of June.

The 52 heirs of the Hermès family held a secret meeting in Paris to arrange the remaining shares. The meeting was top secret and there was no record. There was only one conclusion: they announced that they would hand over their shares, of which 50.2% would be used to reorganize a non-listed holding company, and these shares would be frozen and not allowed to be sold in the next 20 years. The remaining 10.6% of the shares were allowed to be sold by family members for cash, but the family trust fund had the right of first refusal. In addition, many Hermès family members even sold their property to subsidize the company.

LVMH originally thought that the Hermès family with dispersed shares would be a loose sand, but it never expected that there were people who did not love money. After this confidential meeting, the Hermès family finally chose to give up their personal interests and unite to defend the family brand.

After stabilizing its own situation, Hermès began to file a lawsuit against LVMH, accusing the company of insider trading and price manipulation, stating that the transaction was opaque and involved malicious fraud, and demanding that the "bet" between LVMH and the investment bank be invalidated.

For a time, not only did LVMH Group fail to acquire Hermès, it also failed to acquire the stocks held by its three peers (the bet date had not yet arrived). Instead, it was involved in a lawsuit and might have to pay liquidated damages to the three investment banks.

At the same time, European media also reported that the secret acquisition of Hermès by LVMH Group was actually leaked to the media by Gucci Group, and that Gucci Group also acquired no more than 5% of the shares and successfully cashed out from the market.

The media pointed out that in order to retaliate against Arnault's malicious slander, the Gucci Group exposed the "secret bet between LVMH Group and investment banks" to warn the Hermès family; at the same time, the Gucci Group cashed out a large amount of Hermès shares, which accounted for less than 5% of its shares, to suppress the Hermès share price. In this way, even if the bet between LVMH Group and the investment bank is valid, the share price may not be reached.

Of course, based on the current situation, the bet between LVMH Group and the investment bank is obviously impossible to take effect.

LVMH Group.

When Arnault heard that it was the Gucci Group's doing, he slammed the desk without any manners.

The 32-year-old eldest daughter, Daphne, packed up the items her father had taken and advised, "Dad, take care of your health. Since the Hermès family has already established an iron barrel defense, it doesn't matter who leaked the information!"

The implication is that since the acquisition has failed, don't worry about why it failed.

Arnault said angrily, "You don't understand! Although I am very surprised by the performance of the Hermès family this time, or even if I acquire 22% of Hermès' shares, I will definitely fail (unexpectedly, the Hermès family is too united). But if our bet with the investment bank goes smoothly, we can at least get 22% of Hermès shares. Even if the court later fines us to sell, we can still make a lot of money on the stocks in the future. Now, we have nothing, and we are involved in a lawsuit and have to pay liquidated damages."

In Arnault's view, Hermès stock is undoubtedly a good thing, and even a long-term investment is profitable.

Just as the father and daughter were communicating, someone knocked on the office door and it was Arnault's eldest son Antoine.

Arnault has one daughter and four sons. The eldest daughter and son were born to his ex-wife, and the other three sons were born to his current wife. The three current sons are still young, the oldest is only 16 years old.

"Father, I just got the news that Gucci Group successfully acquired the German RIMOWA luggage for 4.5 million euros. It is said that they made more than million euros by selling Hermès shares, so they raised the price and successfully acquired the RIMOWA luggage."

Arnault was so angry that he almost wanted to hit his own son. This was just adding fuel to the fire!
"We were tricked by the Gucci Group, and now the grudge is against us!" Arnault said viciously.

He was originally the 'evil man' of the capital world, and now that he has been tricked, how can he not hate him?

Anthony nodded and said, "That's right. This Gucci Group is really damn abominable. I just don't know why they knew about the bet between us and the investment bank."

After hearing this, Arnault was completely puzzled!

The acquisition by Gucci Group seems like a retaliation for his remarks in September, but this Gucci Group is too powerful!
First, how did Gucci Group learn about the bet between LVMH Group and the three investment banks?

Secondly, why does Gucci Group own a large number of Hermès shares.

Just these two incidents make the Gucci Group so terrible!

"Infiltration" was the first thing that came to Arno's mind.

As a person at the top of the world's business world, he knows that Lin Zhengjie, a Chinese businessman, has businesses in 2000 countries around the world and has considerable assets in major countries in the world. It is no exaggeration to call him a "world businessman." After all, he was named the "Businessman of the Century" in , defeating the world's top businessmen, including the founder of Ford.

Arnault originally wanted to attack Gucci Group by saying that "Chinese capital controls luxury goods", but who knew that the management of Gucci Group was so united that even the third generation of the Gucci family came to support it, which immediately silenced public opinion. Even if there was Chinese capital, it was only regarded as a strategic investment.

"We will have a chance to avenge this in the future! The Gucci Group will never develop smoothly if it falls into the hands of Chinese capital."

"Yes, Father."

Although he was hit hard, Arnault still has a strong sense of pride and looks down on Chinese capital in luxury goods.

A week later, Hengjin Investment Development cashed out its gold futures and made a profit of 8 million US dollars. Hengjin Investment Development's annual profit has exceeded 41 billion US dollars, setting a record.

This year, he made a huge profit of 14 billion US dollars in gold futures alone; the profit from stock indexes was the highest, exceeding 16 billion US dollars (he started bottoming out the Hang Seng Index, Nikkei 1 and other Asian stock indices in January, and started bottoming out the European and American stock indices in late February); finally, he made a total of 225 billion US dollars from futures of non-ferrous metals such as iron ore and copper, as well as oil futures.

Despite such high returns, Lin Zhengjie did not forget the employees of Hengjin Investment Development. He directly prepared to allocate 2 million Hong Kong dollars to reward all 126 employees as this year's year-end bonus. The average year-end bonus per person is more than 100 million.

Of course, the average is only a reference, but in reality, people at the bottom of society would be lucky to get a year-end bonus of 300,000 or 400,000 yuan!

Even so, this bonus is enough to scare many outsiders to death. Of course, this is something that must be kept secret from the outside world.

In fact, many employees of Hengjin Investment Development are already retired, but Lin Zhengjie never dismisses employees who have not made obvious mistakes; in other words, as long as you are loyal to the company, the company will basically provide you with retirement and allow you to retire, even if you are not as flexible in thinking as those young people.

Therefore, "Lin Zhengjie's private enterprises" such as Hengjin Investment Development, Horizons Ventures, and Family Office have begun to "fall into decline"; however, Lin Zhengjie never wants to change anything. It doesn't matter if the employees grow old. It's also good for them to work for the Lin family until retirement.

After all, the brains behind the main investment of these "financial" enterprises are provided by Lin Zhengjie, so there is no such thing as good or bad performance.

"Hello, Mr. Lin"

"Aya, how many years have you followed me? Twenty years, right?"

When passing by an office building, someone greeted Lin Zhengjie and he stopped immediately.

This is a middle-aged woman in her forties, but she dresses very fashionably and looks younger.

Aya said happily: "It has been exactly 20 years. I joined the company right after graduation. I got married and had children, all in the company!" Lin Zhengjie laughed and said: "Your husband is not from the company, how can you say that he completed it in the company!"

All the colleagues laughed and looked very happy.

Aya immediately responded: "My husband is also from your subsidiary company, Taifu Group, the same!"

Wow, so that’s how it is, he really is one of our family!
But even if Aya’s husband is not from Taifu, it is not easy. She can get married and have children while keeping this job. Obviously, it is not only because she is loyal to the company, but also because Hengjin Investment takes good care of its employees.

“My wife is also an employee of Mr. Lin”

“My brother is an employee of Hong Kong Electric Company.”

“My parents are both employees of Hong Kong Telecom”

For a while, everyone started to talk about relatives, but everyone was shocked to find out that more or less all of their relatives and friends were working for the boss.

Lin Zhengjie left the scene with a smile. This kind of scene was not necessarily because of his great power. It was also possible that some people did very well following him and introduced their relatives and friends to his companies.

For example, Aya’s husband switched to Taifook Group after marrying her!
Lin Zhengjie came to Europe again, and this time he came to Gucci Group and announced a plan - that is to use the cash flow of Gucci Group to increase the acquisition of European properties.

As early as the beginning of this year, Lin Zhengjie also asked Gucci Group to acquire some properties, but now he is asking Gucci Group to continue to increase its property acquisitions.

Moreover, Gucci Group has even established a 'real estate department'.

In the conference room, CEO Dimarco said worriedly: "Mr. Lin, our Gucci Group is a luxury goods group. If we focus on investing in real estate, I am worried that it will affect our normal business!
Lin Zhengjie said directly: "It will not affect the development of Gucci Group. You should also know that I have not withdrawn cash flow from Gucci Group for a long time. Now Gucci Group is already quite abundant, so my idea is to invest the funds in real estate first, and then realize the real estate when Gucci Group needs to develop. In this way, the cash flow will not rust in the account. On the contrary, the real estate is now at a low point and will have a good appreciation in the future."

In this way, everyone understood Lin Zhengjie's thoughts and felt relieved.

Moreover, the Lin Zhengjie family has indeed not withdrawn cash flow for many years, so the Gucci Group now has a cash reserve of nearly 25 billion euros, and this is the situation after it just spent 4.5 million euros to acquire the German company.

Next, Lin Zhengjie said, "In addition, I have decided to resell another 10% of the shares to Miss Monica. After the redistribution, Xia Feini Gao will hold 70% of the shares and Miss Monica's private investment company will hold 30% of the shares."

He had already discussed with Monica to let Monica cash out her U.S. stocks gradually and focus on developing the Gucci Group.

After all, the huge Gucci Group is enough to make Monica's branch family the leader among all the women. At present, the value of the Gucci Group is at least 200 billion euros (about 230 billion US dollars).

After Monica cashed out four U.S. stocks, this part of the share was replaced by Lin Zhengjie's "lover trio".

In short, it is another asset adjustment.

DiMarco and others were not surprised because they all knew that Monica was Lin Zhengjie's lover and had several children with her.

At this time, Russell asked, "Boss, are you considering listing the Gucci Group in the future?"

Everyone understands that the boss's transfer of 10% of the shares at this time is to make up for the previous public opinion storm. After all, in this way, Miss Monica, who is from Italy, already holds 30% of the shares and has more influence.

Lin Zhengjie said without hesitation: "Consider it, but the time is not right yet!"

At least we have to wait until the global economy heats up. He is more optimistic about waiting for the Gucci Group to go public between 2013 and 2015, and then preparing to acquire the American jewelry group Tiffany.

And his and Monica's eldest son, Lin Wenli, will also join the Gucci Group in 2013. By then, it would be an overkill to support Monica as chairman of the board of directors.

As for the equity, before the listing, it must be half for him and half for Monica. Later, Lin Zhengjie will cash out some stocks to get a high return.

Of course, no matter how much Lin Zhengjie cashes out, Monica will still own more than 50% of the shares of Lin Zhengjie's family company, or even 60%.

"Ok"

Everyone was very surprised to hear that Lin Zhengjie was willing to list the Gucci Group. They all thought that Lin Zhengjie was still a little worried about the influence of public opinion.

Little did he know that he had already had this idea!
It is not good for a large luxury group not to go public. Moreover, the acquisition of Tiffany in the future will also require huge funds, so raising part of the funds through listing can also relieve the pressure.

Only after instructing Gucci Group to continue investing in properties did Lin Zhengjie leave Gucci Group with Monica.

At present, many senior executives of the group are loyal to Lin Zhengjie, unlike traditional "professional managers"; if he says in the future that he wants to maintain the Gucci Group as a "family inheritance", these managers will also support it.

Any replacement of senior executives of the Gucci Group will be communicated with Lin Zhengjie beforehand, and the successor will be selected from the senior executives within the group. After all, the Gucci Group has many independent brands. For example, the CEO of the Bottega Veneta brand is the one that Lin Zhengjie is optimistic about as the next CEO of the Gucci Group. This person will develop Bottega Veneta very well.

At Gucci Group, Lin Zhengjie still doesn't want the management to occupy that position for too long and become "deeply rooted". No matter how loyal they are, they still have to consider the development of the company.

By this calculation, Lin Zhengjie will "lose" two "large group companies".

Gucci Group will be passed on to Monica's lineage in the future, and Hilton Hotels will also be returned to the hands of the "Hilton family." Of course, the Hilton Hotel Group has a different operating method.

First of all, Hilton Hotels Group is currently under the control of Barings Bank, which is a specialized investment fund. Therefore, Barings Bank must make a profit and will re-list Hilton Hotels in 2012 and then gradually cash out.

Secondly, the Hilton sisters bought a maximum of 2013% of the shares around 10, so it is impossible for them to take power.

Finally, the Hilton sisters' children are still young, and they will only be 2024 years old in 15. So they may not be able to inherit his wisdom, but if the children inherit his wisdom, they can go to Hilton to be promoted step by step, and eventually they may get it back. (End of this chapter)