Bathed in the early morning sunshine of early June, the old Pino looked already decrepit as he sat at the dining table. He was a contemporary of Arnault and Lagardère.
Listening to his son's impatient words, old Pino didn't even blink and said, "Wait a minute. As hunters, we need to be more patient when dealing with cunning foxes."
Even if you make less money because of it.
Little Pino nodded. Speaking of which, he was indeed behind the scenes in this sudden fight.
In fact, he roughly knew the reason for the fight between dragons and tigers surrounding the "Zhao Shi Group".
First, Richard from Hong Kong Island went to Paris to lobby Arnault. He is the youngest son of Hong Kong's richest man, Li Ka-shing.
Because he was made to lose US$1.2 billion in US stocks by Jing Gao.
Second, the development of Zhaoshi Group, especially the nature of its capital, can better control the preferences of the Chinese market. This has made the big French luxury goods groups start to be vigilant and suppress it!
This is the norm in the capitalist world. If you can't compete, use means to suppress it.
And he was just a pawn secretly drawn by Arnault. Because the Kering Group of the Pinault family is also a luxury goods group. They rank behind LVMH Group and L'Oréal Group. Ranked third. The ones at the back are Hermès and Chanel.
Of course, this year their Kering Group’s sales can rank second. Because they attach great importance to the Chinese market.
It’s okay to wait a little longer. Even if the benefits cannot be maximized, safety is the best.
Little Pino made up his mind and was drinking milk when he saw his confidant David Lewis coming in, the black translator who accompanied Mii Gao last time. Not only does he understand Chinese, he is also an assistant in the circle around little Pino.
At this time, his expression was anxious. But David Lewis saw his father and son having a meal and waited at the door of the restaurant.
Little Pino asked: "David, what's going on?" Although he was in charge of the Kering Group and had taken over, he would not hide business matters from his father.
David Lewis said respectfully: "Mr. Pinault, news just came from China. A think tank issued an investigation report. The core brands of LVMH Group: LV, Bulgari, (spirits) are all in the Chinese market. It suffered a considerable decline. Public opinion there has exploded on the Internet."
What? Little Pino was slightly startled.
Old Pino was well informed and asked: "He played the patriotic card?"
David Lewis replied: "No. According to feedback from our group's employees there, Mr. Jing controls their largest online public opinion platform: Weibo. It is equivalent to Twitter. The news has been on the hot search.
I think it's most likely a rumor. "
Think tanks publish reports and public opinion breaks out, causing stock prices to fall. This routine is almost ruined in European and American stock markets.
But a routine has not been eliminated after being abused, which shows that this routine is very easy to use.
In other words, today’s LVMH Group is in big trouble again. This is another piece of bad news.
If you spread rumors, you will lose your legs if you refute them.
Old Pino raised his eyebrows slightly. He felt that "Mr. Jing", a super rich man from China, was very vague. Now he had a rough estimate: Mr. Jing is very powerful!
In today's industrialized society, it is not whoever manufactures the goods who dominates, but whoever owns the market dominates in most fields.
In the field of luxury goods, it is exactly a buyer’s market!
Even luxury goods around the world are learning from the sales routine invented by Bernard Arnault: launching limited editions, limited purchases, first released in global central cities such as New York and Paris, and other cities have to wait several months before the goods are available.
Old Pino thought for a while and nodded to little Pino who looked at him, "(), just go ahead and do it."
The attitude is completely opposite to what it was a few minutes ago!
This is not called talking about things, this is called "moving with the camera".
In fact, Lao Pino's estimate of Jing Gao's strength was wrong. In the United States and the West, the power of media tycoons is very small. Their net worth may not be the highest. But the influence is not comparable to that of the richest people on the rich list.
However, among flower growers, media platforms are not actually the fourth power. They all have to be greeted. Idaka is not a media tycoon in the American and Western sense.
However, Lao Pino's estimate of Jing Gao's strength was correct.
Because he has money!
Little Pino stood up and said cheerfully: "Okay, Dad. I will personally go to No. 12 Rotan Street in the 16th arrondissement." He will bring all the bad news about LVMH Group that he has collected over the years, and also Including the secrets he planted in the LVMH group.
...
...
At 9:30 a.m. on June 5, the Paris Exchange opened on time.
Most of the people in the hall were staring at the share price of LVMH Group. As a component stock of the Paris Exchange, the rise and fall of LVMH Group's stock price is related to the broader market.
After LVMH Group's share price plunged late yesterday, rumors abounded in the market. The most eye-catching thing is the short-selling report posted on Deutsche Bank’s official website.
Everyone is paying attention to the direction of LVMH Group's stock price after today's opening. Yesterday's limit drop in late trading can be said to be affected by bad news and market sentiment, and its stock price cannot truly reflect the fundamentals.
So, after more than ten hours of preparation, will the stock price rise or fall next?
The results will be revealed soon.
Bernie Augustin, vice chairman of the Paris Exchange, stood in a corner of the trading floor, folding his arms and looking at the screen in front of the trading floor.
With the popularity of computers and the Internet, all European stock exchanges operate using the same software. The entire trading floor is no longer as noisy and crowded as it was when he entered the industry decades ago.
He actually misses those golden years! France has really gone downhill in recent years. Civil unrest, political chaos, economic decline, rising unemployment...
However, the Paris Exchange hall was still a little lively today. After the "bidding transaction" this morning, it was arranged for a company from China to ring the bell and go public.
More than a dozen financial media who are resident at the Paris Exchange are crowding the stage, preparing to take photos.
The host took the microphone and announced in French: "Please ask Mr. Qin Ziheng, the chairman of Sharp Company, to ring the bell."
Bernie Augustine rubbed his bald head, watching this common scene, his thoughts constantly wandering.
The time in the Far East is 6 hours ahead of Paris time, and it is already afternoon in Beijing. The public opinions and hot search news on Weibo over there have been transmitted.
As deputy chairman of the Paris Exchange, he certainly knew the news.
And as the confrontation between Zhaoshi Group's major shareholder Igao and Europe's richest man Bernard Arnault and others spread, some of the news seemed reasonable.
One: LVMH Group suppresses the Chinese-owned Zhaoshi Group, so its market share in China has declined. Isn’t that normal?
Second: Mr. Jing of Zhaoshi Group is a media tycoon in his country, enough to influence consumer choices. The reputation of the LVMH Group for decades was destroyed in one fell swoop.
Third: Something in the LVMH Group has touched certain red lines. This time it was exposed by Mr. Jing, and he wanted public relations but failed. Market share will continue to decline, and exiting the Chinese market is not impossible.
Bernie Augustine felt distraught when he thought about this news.
As vice chairman of the Paris Stock Exchange, he manages several funds and has placed heavy bets on LVMH Group, a component of the Paris CAC40. In fact, the stock price of LVMH Group has never disappointed him and has been rising all the way.
He also recalled the scene where Chester Flynn, co-president of Deutsche Bank's investment department, was interviewed by reporters in front of Deutsche Bank's headquarters building before the market opened in the morning.
Reporters armed with guns and cannons surrounded Chester Flynn, who came out for a brief interview. A female reporter wearing a red coat asked: "Mr. Flynn, is the short-selling report issued by Deutsche Bank true?"
Chester Flynn said: "Of course it is true. I have the signature materials of the parties involved. Which media are you from? Next question."
The next question was from a middle-aged reporter who spoke English instead of German, "Mr. Flynn, Deutsche Bank stated in the report that LVMH Group is not worth a market capitalization of 140 billion euros, and said that LVMH Group's shares are only It’s worth X euros. What’s your basis?”
Chester Flynn stared and said: "Common, body! Haven't you paid attention to the news from the Chinese market? LVMH Group has taken the lead in squeezing out the Chinese Zhaoshi Group and is about to lose the Chinese market. So, do you think it is worth it now? How much?"
The questions are coming one by one...
Just when Bernie-Augustin was letting his thoughts wander, the screen in the exchange hall already showed the battle between the long and short parties surrounding LVMH Group's stock price: the stock price was fluctuating up and down.
Funds are constantly being invested, and fierce fighting is going on.
Then, a sudden noise and purification disrupted Bernie Augustine's thoughts.
