Chapter 1002 Target: Tiffany

In the original time and space, Paris Airports Group was a government-owned holding of Suez Group, and they were not sold during Hollande's term.

But since they are now willing to sell 20% of EDF's shares to ease the government's financial pressure, it is not impossible to sell the shares of these two companies in advance.

Sure enough, when Barron proposed investment intentions in these two companies, Hollande was slightly surprised and looked thoughtful, but he did not refuse directly. He only said that he needed to make an investment decision after evaluation by relevant government agencies. Barron replied.

"Are you really prepared to invest a large amount of money in these companies? They all belong to basic people's livelihood industries. If they are managed properly, they can provide stable profits."

After Hollande left, Ashley Weber sat next to Barron and said to him:

"But there is one thing. Even if the shares of these companies are eventually allowed to be sold, it is basically impossible to allow them to be purchased as a whole, and they can only be used as financial investments..."

"These are companies that can make stable profits, and investing in them is okay even as a financial investment..."

Barron specifically explained to Ashley that it might be because most of the companies Barron had acquired before were wholly-owned acquisitions, and some companies had even been split and reorganized. However, it was rare for them to just invest in shares. Ashley had the illusion that the companies he was interested in needed to be fully acquired, or at least a controlling stake...

"By the way, what happened to the Italian bank acquired by Continental Union Bank?"

"It's not bad. According to the plan, we first divested and sold the non-performing assets related to housing mortgage loans held by these banks, and then injected funds into them to provide liquidity. Now these measures have achieved results..."

Through the acquisition of two Italian banks, Granger, a home rental company owned by Cavendish Asset Management, also entered the Italian market - the non-performing assets of those banks involving home mortgages were sold to Cavendish Asset Management Company.

They are already familiar with this kind of operation, and are familiar with the non-performing assets of banks from England to France and Germany.

So far, through Standard Chartered Bank and Continental Union Bank, Barron has penetrated his financial business into the four core countries of the European Union-Britain, France, Germany and Italy.

Of course, although Standard Chartered Bank’s business in the United Kingdom and the United States is growing day by day, its greater source of profits is from emerging markets in Asia, Africa and Latin America. By participating in China’s “One Belt, One Road” plan, it will also have a presence in these emerging markets. Not a bad performance.

As for Continental United Bank, it will naturally base itself on the European market. After its business in Italy is stable, it will begin to expand its market to other surrounding countries.

In this process, acquisitions are a way to achieve immediate results, but what you need to be careful of is that the banks that can be acquired often have considerable non-performing assets - otherwise the difficulty of acquisition will be greatly increased, and a considerable premium will be required.

Therefore, the accumulation of these non-performing assets can easily leave hidden dangers for Continental United Bank. Acquisition-absorption-reacquisition, and insisting on implementing such a process, rather than blindly rapid expansion, is the rhythm that should be there.

…

"Tiffany's board of directors did not reject our offer, but said it needed to be discussed..."

Domenico De Sol shrugged and said to Barron:

“I think they are probably waiting to see if other companies will bid for them, which makes it understandable why they took the initiative to spread the news. I think it is possible that Bernard Arnault has sent people to the United States... "

During this period, the GHL Group (Gucci-Hermès-L'Oréal Group) did not stop its expansion. The largest acquisition was that they acquired the French high-end jewelry brand Boucheron last year. Boucheron).

Founded in 1858, Boucheron is famous for its fine jewelry, timepieces and perfumes.

Through this acquisition, GHL Group further consolidated their position in the high-end jewelry market and competed with rival LVMH Group.

In the original time and space, Boucheron was acquired by Kering Group in 2018. However, because Barron entered the luxury industry relatively late, many high-end luxury brands have been acquired one after another, so there is a chance to acquire the remaining Of course, he cannot miss these high-end luxury brands, and he will definitely grab them first from the luxury goods groups in the original time and space.

Now, GHL Group has once again targeted Tiffany \u0026 Co., a well-known American jeweler.

Tiffany, founded on Broadway in New York in 1837, is famous for its fine jewelry, diamonds, perfumes and other products.

Speaking of this brand, the first thing that may come to mind is "Tiffany Blue" - a color derived from robin eggs...

And the movie "Breakfast at Tiffany's" starring the legendary Hollywood actress Audrey Hepburn. In the movie, Audrey Hepburn's image is closely linked to Tiffany's jewelry, especially her wearing a little black dress and Tiffany jewelry The scene has become a classic scene in film history.

Among the Tiffany jewelry she wears is a famous yellow diamond necklace. The yellow diamond on this necklace weighs 128.54 carats and is one of Tiffany’s store treasures.

Currently, Tiffany's stock price is nearly $65, with a market value of about $7.8 billion. In order to acquire this well-known American jeweler, thereby strengthening GHL Group's position in the jewelry field and further expanding its business in the United States, they offered Tiffany a price of $9.35 billion, a premium of nearly 20%.

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But as Domenico De Sole said, after they made an offer to Tiffany, the news that the well-known luxury group GHL Group was interested in acquiring Tiffany soon appeared in the newspapers...

The board of directors of Tiffany did not refuse this, but did not respond too positively. They just said that they needed to discuss it, and used this excuse to temporarily delay.

This method is obvious. The offer of GHL Group made them a little excited, but they still couldn't help but quietly announced-they are going to acquire me, other luxury groups look over here, are there any competitors?

Of course, before acquiring Tiffany, GHL Group had already considered the current situation, and their biggest competitor must be LVMH Group.

This is why Desor joked that LVMH's boss Bernard Arnault may have sent someone to America to contact Tiffany's board of directors...

But they are not unprepared for this.

If LVMH Group wants to join the acquisition of Tiffany...

Then GHL Group will respond by acquiring shares of Christian Dior!