Chapter 410 Selling Primark

As soon as Jenny Butt came out of the bathroom, she saw Barron smiling at her outside.

"What, are you waiting for me here?"

While talking to Barron, Jenny leaned over and looked outside the wall. Others were still sitting in the living room talking.

"No?"

Barron raised his hand and dropped it...

There was a soft "pop" sound, which made Jenny almost shout out. She quickly covered her mouth and glared at Barron:

"Aren't you afraid that they will find out?"

"Weren't you very brave when you flirted with me just now?"

As he said these words, Jenny couldn't help but glance over his pants, and a smile appeared on her face...

But it was obvious that Barron was not prepared to let her go so easily. He took Jenny's hand and took her to the bar next to her.

There were decorations in the room blocking the line of sight, but the three people chatting were not seen.

"What are you going to do?"

Although Jenny was very bold in private, at this moment, she was really afraid of being discovered by others, so she lowered her voice and almost just used her mouth to express this sentence.

"Of course I want you to take responsibility for what happened just now..."

As he spoke, Barron pressed Jenny's shoulders with his hands, made her kneel on the carpet, and then pulled down the zipper...

"Well……"

…

Although the sound of high heels on the carpet was very soft, Barron still heard the sound keenly.

He picked up the wine bottle on the table...

"Honey, what are you doing here?"

It was Bonnie. When she saw Barron standing behind the bar, she took two steps closer and asked.

"Come here for a drink, I found the earl's treasure..."

Seeing Bonnie's slightly confused expression, Barron turned and said:

"Actually, I was thinking about other things, business..."

Just as he was speaking, one could clearly feel Jenny Butt's nervousness under the bar... She almost stopped.

"It's okay, honey, I'll be there soon."

"Okay, honey, I'm going to the bathroom first...I wonder if Jenny is still in there."

When Barron watched his girlfriend turn around and walk to the bathroom, Barron leaned forward, completely ignoring Jenny's struggle...

"Ugh...you want to suffocate me to death?"

Jenny took a deep breath and said angrily.

Just now, her back was leaning tightly under the bar, and she almost choked due to the injection of positive energy.

"Okay, honey, I have to go over first and you can tidy up..."

Seeing Barron return to his position and turn around to leave, Jenny couldn’t help but cursed fiercely:

"You bastard!"

…

"What did Yanai Zheng say?"

"Mr. Yanai Zheng is also interested in acquiring the Primark clothing chain. After all, the main job of Uniqlo, the core brand of Fast Retailing Group, is to promote overseas markets. They have already opened two branches in England. If they can merge Primark has greatly promoted the development of Fast Retailing Group in Europe..."

On the other side of the phone, the person talking to Barron was Finn Hudson, CEO of Global Industrial Investment (GII) Fund.

He is currently in Japan, in order to persuade Fast Retailing Group to acquire Primark, a cheap clothing brand owned by Argos Retail Group.

Originally, the initial investments of the GII Fund were quite targeted. For example, they invested in the parent company of Uniqlo, Fast Retailing Group of Japan. In addition to the future growth of this company, it was also the Argos retail group under the name of Barron. Owns a clothing brand.

However, at first, Barron wanted to use Primark to acquire Uniqlo, but after thinking about it later, he did not completely acquire Fast Retailing Group. Instead, GII Fund became the controlling shareholder holding 65% of the shares and continued to The management of this group was handed over to the Yanai Zheng family.

Now Argos Retail Group is focusing its main efforts on increasing outlets in Europe and vigorously developing online sales; in addition, DS Capital also has a luxury brand like Gucci Group in its hands.

So it would not be appropriate to continue to hold a cheap clothing brand like Primark, so we plan to promote the Fast Retailing Group to acquire the Primark clothing chain store.

Objectively speaking, the acquisition of Primark is indeed beneficial to Fast Retailing Group.

At present, Primark has opened more than 400 branches throughout Europe. In addition to Britain and Ireland, continental Europe has entered France, Germany and other countries, and even in Spain, the "home base" of Inditex, the parent company of ZARA, the fast fashion giant. All have opened branches.

After acquiring Primark, Fast Retailing Group has a relatively complete sales network in Europe, which can also help the Uniqlo brand enter this market. In that case, in the fast fashion category, there is Uniqlo, and in the cheap clothing category, there is Primark. Fast Retailing Group's product line is even more complete.

And in terms of online sales, Argos Retail Group will also become a shareholder of Fast Retailing Group by then, and they can also use the Argos.com channel to sell their products to a wider market.

According to the survey, the top three main products purchased online by European users are clothing and footwear, electronic products and small household appliances, and books and groceries.

Among these products, in addition to books, Argos Retail Group's own brands are involved, and their partner brands have covered almost all online shopping categories.

The addition of Fast Retailing Group will also become a powerful complement to the product categories on Argos.com.

Next, Fast Retailing Group will negotiate with Argos Retail Group to evaluate the valuation of the Primark clothing chain, and then acquire it by issuing additional shares.

As a result, the shares of Fast Retailing Group held by Yanai Zheng's family will inevitably be diluted, and the total shares of Fast Retailing Group held by GII Fund controlled by Barron and Argos Retail Group will be diluted. The proportion is increased.

But this is no longer unacceptable to the Yanai Zheng family, because the GII Fund’s current shareholding in Fast Retailing Group has reached 65%, which is much higher than their family’s shareholding ratio, even if their If the shareholding continues to be diluted, the situation we face will not be much different from now.

The key is whether the other party can guarantee their management of the group. In this regard, Finn Hudson has also made a guarantee to Yanai Zheng on behalf of the GII Fund.

…

"I heard that Manchester United will still conduct an Asia tour this year?"

"Yes, they will go to China soon as the beginning of their trip to Asia..."

The sunshine was good today. Barron did not wear formal clothes as usual, but wore casual beach shorts and sat on a lounge chair to bask in the sun.

The person chatting with him next to him was the owner of Chelsea Club, the Russian tycoon Abramovich.

At this time, they were on one of Abu's superyachts called "Charming Ocean". In the swimming pool on the deck below the two of them, Abu's current girlfriend Dasha Zhukova and Barron's girlfriend Bonnie, They were also having a great conversation.

It is a pity that Manchester United still missed the Premier League championship this year, and the one who won the Premier League championship was the Chelsea club owned by Abramovich next to him - this was also the first Premier League championship won by Abramovich after buying Chelsea.

As we all know, Abu owns many superyachts. The most well-known "Eclipse" has not yet appeared and will not be built until 2010.

In order to celebrate Chelsea's championship, Abramovich also generously lent the Compass superyacht that he bought from a wealthy Saudi businessman for 270 million pounds last year to the two heroes who helped the team win the championship-Terry and Lampard. For them to enjoy for two weeks.