Chapter 507 Public Acquisition
When Barron opened the window, he could smell the damp air.
London today is shrouded in a steady drizzle, and the sky is a bit gloomy.
But I have to say that London like this is the most classic.
"Are you ready to leave?"
Julia Moore leaned against the head of the bed, with her shoulders down covered in quilts, and whispered to Barron.
"Yes, we have a meeting later..."
Barron sat on the bed next to Yulia, kissed her, and said softly:
"You can sleep a little longer. By the way, I asked Laura to buy a doll, which will be sent to you later. It's my birthday gift to Ravi."
Ravi is the younger sister of a brother and sister who were born in Palestine, and her birthday will be in a few days.
Perhaps because of her own reasons, Yulia still likes children very much. After the children from Colo International School came to study in London, she often came forward to make arrangements for these children.
Especially little Ravi, Yulia likes it very much and often takes them to have dinner with them.
This is Yulia's residence in London. When Barron walked downstairs, the motorcade coming to pick him up had already arrived.
Wang Wanting held an umbrella for Barron and greeted him at the door.
After sitting in the extended version of Bentley Elegance, the team left here.
In front of the window upstairs, Yulia was wearing pajamas, looking at the direction of Barron's motorcade, her eyes full of tenderness.
…
On November 5, Gucci Group announced that it already holds more than 5% of Hermès shares, and they will continue to acquire its shares to complete their control of this top luxury brand.
This also means that Gucci Group officially announced its acquisition of Hermès.
After this news came out, it caused a huge earthquake in the fashion industry.
After all, after the Gucci Group was acquired by the DS Group, apart from the launch of its top ready-to-wear series, the Devon Hill series, it did not make other acquisitions and has been very quiet. However, this time, they publicly expressed their concern for Hermès, a top-tier ready-to-wear series. The acquisition of fashion brands naturally attracts everyone's attention.
However, after the news of the public acquisition of Hermès by the Gucci Group came out, Hermès CEO Patrick Thomas said in an interview that the Hermès family currently has no idea of selling the company. Regarding the acquisition of the Gucci Group, they will later to respond.
Just earlier this year, Jean-Louis Dumay, who had reversed the decline of Hermès since the 1970s and brought the company back to glory, resigned as CEO of Hermès due to the deterioration of his personal health. position, succeeded by Patrick Thomas.
Patrick Thomas is also the first non-family CEO of Hermès.
Ten days later, the Gucci Group once again announced that they had acquired "decisive" shares from some institutions. At this time, they held more than 25% of Hermès shares, becoming the largest shareholder of Hermès. .
In fact, it was Barron who learned the lesson from the LVMH group’s acquisition of Hermès in his previous life. At this time, they had filled more than 10 “boxes”, which also meant that the offshore company actually controlled by them had secretly bought it. acquired more than 50% of the shares of Hermès.
But in order to avoid being sued by the Hermès Group for "violating market rules" like the LVMH Group, and later being ruled by the French Financial Market Authority that its acquisition of Hermès was in violation of regulations, causing the acquisition to fail, Barron will be patient. "Merging" the shares of Hermès held by offshore companies to ultimately control the company.
At the same time, during this process, Gucci Group CEO De Sole also arrived in France to contact the Hermès family and the company's management on the acquisition.
He will promise that after the acquisition, Hermès will be in a relatively independent position in the group and will still be operated by the Hermès family, while the Gucci Group will provide more funds and resources for its future operations.
"Obviously, you were able to complete the acquisition of more than 25% of Hermès shares in such a short period of time. You have already made arrangements before this. These will be suspected of violating the relevant regulations of our country. We can file a complaint with the regulatory authorities. ”
After hearing what Patrick Thomas said, Dessol still had an elegant smile and said lightly:
"In any country, whether a company's minority shareholders or major shareholders, regardless of the number of shares they hold, they have the right to sell their shares freely. Mr. Thomas, as for your question, we can only say that we have given a Good price.”
"I'm afraid that's not the case, Mr. Dessol..."
The person who spoke, with silver hair, was Bertrand Piaget, the representative of the Hermès family. He was also the chairman of the Hermès company at this time.
Although he is nearly 70 years old, Bertrand's eyes are still sharp. He said to Dessauer:
"As far as we know from our investigation, as early as a few months ago, some people contacted members of our family and purchased a considerable portion of the shares..."
His meaning is very clear, that is, to question the acquisition of Gucci Group, which has been secretly carried out a few months ago. If this matter is true, it will indeed cause certain troubles for Gucci Group's acquisition.
After all, not only the Gucci Group, but also their related companies must raise placards as long as their total shareholding exceeds 5%.
In fact, after learning that the Gucci Group claimed to acquire Hermès and that its shareholding had exceeded 25%, after panicking, some members of the Hermès family held a secret meeting, but what surprised them was Among the family members who support the Hermès family in maintaining the operation and control of the Hermès company, statistics show that the company shares they hold cannot reach a safe ratio of more than 50%.
What makes them even more uneasy is that the shares they can actually gather will be less than 40%!
This made them feel a very strong sense of crisis.
But De Sole was not at all flustered by Bertrand Pietsch's doubts - he was convinced that the entire acquisition process was carried out very secretly, and their cautious methods made it impossible for the other party to catch any substantial clues.
Therefore he said:
"Everything requires evidence, Mr. Piage, and I hope you understand that although we hope to acquire Hermès, we will not take this company away from your family like the LVMH Group. In fact, At the beginning, Gucci Group was also facing such an acquisition. We can completely understand your thoughts, why don’t you listen to our thoughts?”
