Of course, the first thing Idaka did when he came to Paris was not to meet Bernard Arnault, CEO of LVMH Group, Napoleon of the fashion industry, and the richest man in Europe.
What's the difference between that and surrendering?
Dong Lingxi made it very clear in the email report to him that Arnault, the CEO of LVMH Group, led this suppression of Zhaoshi Group with the intention of sharing the profits. Of course, Li Zekai, the troublemaker, also contributed a lot.
After all, the media needs some evidence to smear a large company that operates in France and has many advertisers and brand designers. And Li Zekai can provide relevant evidence.
Of course, this evidence is specious. But enough of the media ruckus.
The current equity structure of Zhaoshi Group is not registered with the French Ministry of Commerce in the name of Jing Gao. Then he will be exhausted from signing. Instead, a company registered in the tax haven Cayman Islands is the controlling parent company, and the operating entity is in France.
The holding parent company registered in the Cayman Islands: Xihe Alpha Fund. Behind the scenes are controlled by Jiuge Capital, Morningside Bank and several shell companies.
At the same time, Zhaoshi Group has cross-holdings with other acquired second-tier brands. This is inevitable, because not all companies are acquired in cash when they are sold. Even if Jinggao can provide a large amount of cash, it is due to tax avoidance, inflated valuation, retention of talents, and the acquiree’s right to say in the future. Guarantees and other considerations will be considered, and some shares of Zhaoshi Group will be paid to acquire them.
Therefore, the equity structure of Zhaoshi Group is relatively complicated. There are many major shareholders, small and medium shareholders, plus banks and institutional investors. It is impossible for a large group with a valuation of 40 billion euros and a business spanning clothing, leather, watches, jewelry, perfumes, cosmetics, wine, spirits, etc. to have a single shareholder, or only two or three shareholders.
It just means that Jing Gao controls about 70% of the equity of Zhaoshi Group through Xihe Alpha Fund.
This is normal. No one who works hard to invest and run a business can make wedding clothes for others!
For capital like Jinggao, after finally identifying a blank market and investing money and manpower, shouldn't they enjoy the largest piece of the rich profit cake?
Although, the business philosophy that Jing Gao recognized from the business godfather Duan Yongping is often "money gathers and people gather" and "money gathers and people scatter". But there is a degree in between! He is not stingy about sharing his wealth with business partners, operators, and excellent designers. But he wants to take the big head!
In the end, after several games with acquirers, banks, and institutions, as well as option rewards for management, such an equity structure was finally formed.
You know, LVMH Group is a listed company in Paris, and Bernard-Arnault and his family hold about 50% of the shares. This is a listed company. Therefore, it is normal for Jing Gao to obtain about 70% of the shares of Zhaoshi Group, which has not yet been listed.
France’s capital game is different from that of the United States, Japan and China. They allow consortia and capital to exist so blatantly in the public eye.
If you pay a little attention, you will know that the shareholdings of the best large companies in the United States, especially listed companies, are relatively dispersed. Otherwise, individual strength alone cannot guarantee wealth in a jungle like the United States.
If we check the Nippon consortium again, it is clear that the whole society is highly hierarchical, classes are everywhere, the father dies and the son succeeds, the family inheritance. But due to the separation and control of it by the United States. Its consortium is shared by several core families. Then they marry each other, form a covenant, or blend their interests to form relative control.
As for us, we have thousands of years of tradition that business capital cannot be higher than politics. Therefore, we have large companies that are actually consortiums, such as Alibaba, Tencent, and some familiar names in the early days. They are not called consortiums, but can only be called XX systems.
The same is currently true for the Phoenix Group including Jing Gao.
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Closer to home, based on the ownership structure of Zhaoshi Group, the materials provided by Li Zekai show that the Xihe Alpha Fund is controlled by Jiuge Capital and Chenxi Bank. That was enough to send some in France into a frenzy in the media.
Because companies registered in the Cayman Islands do not need to provide a shareholding structure to the government at all. Where can Li Zekai check? The equity control he mentioned can only be vague. However, there is no doubt that the executives of Zhaoshi Group know who the boss of the group is.
Therefore, the exposure of this kind of speculation without real evidence, but it is indeed the case, coupled with some anonymous channel information, is enough to set off a wave of public opinion.
Beijing time is six hours ahead of Paris time. It was six o'clock in the evening when Jing Gao, Gu Xixi, Chen Qingshuang, Dong Youwei, Ouyang Wan, Teacher Zheng, bodyguard Chen Aiyang, and Qi Feijun arrived in Paris.
The dignified and beautiful woman Dong Lingxi came to pick up the plane with her people and car, "Mr. Jing!"
Jing Gao looked at Dong Lingxi, who was wearing a white dress with a graceful figure and a blue zebra pattern top. She had a pretty face without makeup and fair and tender skin. He smiled and shook hands with her, "Lingxi, you look good! "
Paris is a high-latitude area. Even though it is already the end of May and approaching summer, the climate is still like late spring. Wearing single clothes will be a bit cold.
There is no doubt that if Dong Lingxi, a beautiful woman, takes off her coat and only wears a white skirt, revealing her graceful and convex sexy figure, she will be like a stunner and a mature beauty! It has the charm after years of baptism.
It was two years ago when Jing Gao first met her, and now, at the age of thirty-four, she is still so beautiful. Blooming unknown in a foreign country. Of course, she has no shortage of suitors.
In fact, don’t look at gringos, especially Chinese models used by the United States and the West, and some aesthetic magazines. They like to use women with squinted eyes and flat noses that we, the general public, think are not beautiful. But in fact, the aesthetic difference between the East and the West is not that big. .
All beauties are alike. Why do you think Monica Bellucci, Sophie Marceau, Hepburn and Vivien Leigh are beautiful? Can't they appreciate the beauties of the East? impossible! It's just deliberately distorting the aesthetics of ordinary Chinese people.
However, with the expansion of China's national strength and consumer market, this situation is improving. Because the green mountains cannot cover it, it will flow eastward after all. Who is beautiful and who is not? As long as the number of people sampled is large enough, there will generally be a common area. Or some similarities.
Dong Lingxi smiled bitterly and said, "Mr. Jing, thank you for coming. I'm almost dying of worry." She is the president and chief financial officer (CFO) of Zhaoshi Group. I've been under a lot of pressure lately. She felt that the group's CEO Carl Behrmann might not be loyal to Jinggao, the major shareholder. But he has other plans.
After exchanging pleasantries, Dong Lingxi shook hands with Gu Xixi, Chen Qingshuang, Ouyang Wan and others and got to know each other. I shook my head in my heart, Mr. Jing is really a romantic person!
The group of people took a car and first arrived at a villa in the 16th district, a wealthy area of Paris. Jing Gao owns a large winery in France, so he naturally bought a large villa in the wealthy area of Dong Lingxi. As for the property tax, he can afford it.
Dong Lingxi also has a villa here. It's next to Jinggao's villa. She drives to work in the Zhaoshi Group headquarters building every day.
When a storm like this is about to come, Jing Gaodang will not choose to stay in a hotel. Unless it's your own hotel.
Even if he makes a fool of himself, his security team will give him advice. Who doesn’t know the name of the Bad Army’s eavesdropping! Be ruthless and even test your allies!
Arriving at the villa in District 16, which has beautiful scenery, tranquility and good security, Jun Zi (Qi Feijun), who is responsible for the safety of the team this time, suddenly said: "Mr. Dong, if you don't mind, I would like to inspect your villa."
He brought the latest equipment.
Dong Lingxi was stunned for a moment and looked at Jing Gao. Igao nodded.
