LATEST UPDATES

Published at 25th of December 2023 05:17:38 AM


Chapter 300: 【Baiyou Group Company】

If audio player doesn't work, press Stop then Play button again








Chapter 300【Baiyou Group Company】

Uniqlo has been developing very steadily over the years, and gradually develops steadily!

Uniqlo clothing production company, Uniqlo chain clothing brand stores, Armani men's clothing (luxury men's clothing), Valen Tiannu (luxury women's clothing), together form a group company.

In the past two years, Lin Yueru replaced Wu Guangyao to exercise the power of president!

However, considering the development and growth, Wu Guangyao decided to establish a real group company.

Just after the New Year, Wu Guangyao called the senior executives of all companies under Uniqlo to hold a meeting.

"From now on, the four companies including Yiku clothing production company, Uniqlo clothing store chain, Armani men's clothing (luxury men's clothing), Valentino (luxury women's clothing), four companies jointly form Baiyou Group. First, the board of directors is established, and the members temporarily have Yueru and I; then, Fu Hongru served as the president of the group, and he managed the subsidiaries and accepted the supervision and management of the board of directors."

"After President Fu takes office, he must quickly transfer management from various subsidiaries to build up the various administrative departments of the group company. In three months, I want to see what a group company looks like!"

Fu Hongru heard it, and quickly said: “Chairman and Lin Dong rest assured that the company is full of talents, and I will soon be able to make Baiyou Group a fighting force!”

Fu Hongru has not only assumed the position of Uniqlo over the years, but also served as the vice chairman of the Hong Kong Island Garment Chamber of Commerce. He once led the Chamber of Commerce to visit Europe, America, and Japan, and achieved good results.

Therefore, Wu Guangyao has full trust in his ability!

"I am a director, and Yue Ru is the chairman!" Wu Guangyao added at the end, making Fu Hongru embarrassed for a while!

The executives couldn't help but showed a slight smile!

"Yes, Chairman Lin, Dong Wu!"

After the meeting ended, Wu Guangyao and Lin Yueru called Fu Hongru into the office alone.

"Recently, you took the time to learn about Lane Crawford Department Store!"

Fu Hongru's brain quickly worked and established Baiyou Group to learn about Lane Crawford Department Store

The boss’s move fully shows that Baiyou Group is about to usher in a big explosion!

"Well, boss!"

Throughout Wu Guangyao's industrial chain, there is another shortcoming, and that is the department store.

High-end department stores have sourcing channels all over the world, and Wu Guangyao lacks this kind of sourcing channels.

The funds to open a department store are not worth mentioning to Wu Guangyao, even sprinkling water!

However, without a global sourcing channel, how can it attract customers?

The only way to break the game is to buy well-known department stores. This is Wu Guangyao's idea all along!

At this time, the Chinese department stores are: Ma’s First Department Store, Guo’s Yongan Department Store

But these Wu Guangyao look down on them, they are not high-end, not large enough, and the scope of procurement channels is too small!

What Wu Guangyao wants to acquire is Lane Crawford, a foreign-funded department store on Hong Kong Island!

Lian Crawford was founded in 1850 when two Scotsmen opened a temporary store with a wooden structure in the seaside area of ​​Des Voeux Road.

Today, Lane Crawford has become a veteran high-end department store on Hong Kong Island; for locals on Hong Kong Island, especially the middle class on Hong Kong Island, the education they have received from childhood to large tells them that as a middle class, even a high class, Should go shopping at Lane Crawford.

Going to Lane Crawford is not only about shopping, but also about consumers’ recognition of their own class!

According to Wu Guangyao's understanding, Lane Crawford Department Store will be acquired by Wheelock Holdings in 1969 as an important asset for Wheelock's landing from the sea.

Later, Wheelock was acquired by Bao Yugang, so Lane Crawford naturally fell into the hands of the charter king;

Later, Wheelock and Lane Crawford passed on to the son-in-law Wu Guangzheng.

In this life, Wu Guangyao seems to look down on Wheelock. After all, he plans to acquire Hutchison Whampoa and Wharf;

Wheelock is obviously superfluous to himself.

Wheelock House also does not have any high-quality land reserves, Wu Guangyao naturally looks down upon it!

After Fu Hongru left, Lin Yueru said worriedly: "Is it not suitable for me to be chairman of the board? I am not good at business after all!"

Wu Guangyao looked at Lin Yueru and said honestly: “It is because you are not good at business that I made you the chairman of the board. The chairman of the board is a treasure of the town.”

Lin Yueru heard it, and immediately reacted, her husband said that she was a decoration!

Lin Yue threw her teeth and claws into Wu Guangyao's arms, pretending to be angrily and said, "Okay! I said that I am the president of Valen Tiannu. You transferred me to the position of president of Uniqlo, but I was actually responsible. It's Fu Hongru again; the position of Uniqlo's president has not yet been hot, and you have transferred me to the position of chairman of Baiyou Group. After a long time, I am just a decoration, so annoying!"

Wu Guangyao said funnyly: "I want to be a decoration! Leave everything to the following, I just collect the money, how easy it is! Besides, you can't spend the energy to train the four children?"

Lin Yueru immediately shrank into Wu Guangyao’s arms, and said in a slightly heartbroken tone: "Husband, are you particularly tired, and you have to worry about this and that every day?"

In the eyes of outsiders, Wu Guangyao’s success is by no means accidental, but a conscientious work attitude and racking his brains; among these, Lin Yueru also thinks so.

These people will never understand that Wu Guangyao is just walking aside based on historical data!

"Not tired! While you are young, make the country bigger, and the environment of the little boy at home will be better in the future!"

Wu Guangyao said so, in fact, he was thinking in his heart, how can I enjoy the world of flowers in the future if I don’t make more money!

In Wu Guangyao's physical state, even at the age of sixty, he is not necessarily worse than those young people!

so! The good days are yet to come!

Baiyou Group Company is Wu Guangyao's fourth integrated group company.

The first one, of course, is Global Group, which has two subsidiaries, Hong Kong Island Airlines and Global Shipping;

Hong Kong Island Airlines and Global Shipping have many subsidiaries;

Hong Kong Island Airlines’ subsidiaries include: Island Aircraft Maintenance Company, Island Aviation Catering Company, Island Aviation Service Company, Island Aviation Security Company, Island Aviation Ground Handling Company, and other nine subsidiaries.

Global Shipping's subsidiaries include: Global Terminal Services, Global Maritime Academy, Global Container Company, Global Freight Company, Global Logistics Company, etc. more than a dozen subsidiaries.

Universal Group is now a diversified company integrating land, sea and air!

The second group company is the Cheung Kong Industrial Group, with more than 50 subsidiaries. Of course, the largest subsidiary is built on Hong Kong Island, and the other subsidiaries are companies on the building. Subsidiary companies in all aspects of construction such as Shit Company (Cement), Rebar Company, and Real Estate Service Company.

The third group company is Oriental Media Group, which currently has four subsidiaries: Oriental News Agency, Oriental Press, Oriental Publishing House, and Oriental Printing Factory. Later, when the Hong Kong government bid for television stations in 1965, it entered the field of television stations; followed by radio, film production, telecommunications and other fields.

The fourth group company is the newly established Baiyou Group. Although there are only four subsidiaries at present, it is obviously only beginning to develop and will gradually enter various industries, such as department stores and footwear.

The four group companies are obviously not the end. After all, the two companies Lao Fengxiang Jewelry and PG Zipper also have the strength to establish group companies, but there is no time to integrate resources!

Of course, there are also three group companies, although they are not registered on Hong Kong Island, they are also owned by Wu Guangyao.

They are: Lenovo Electric of Dongying, Metro Retail in London, and Star Hotel Management in the United States

In this way, Wu Guangyao already has nine group companies, and other small investments are not counted.

Nine group companies, like Jiuding, support Wu Guangyao's career!

also fulfilled Wu Guangyao’s heroic declaration when he first set foot on Hong Kong Island: a man, if he can’t live and eat, he will cook as a dead man.

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS