Chapter 1821: Expansion of Taihua Supermarket

Feng Yu leaned lazily on the sofa, looking at the big screen on the wall, and the figure of Ralph was displayed on the screen.

"Is there no news yet?"

Ralph bowed his head slightly and replied: "Not yet. However, several executives of the two Fangfang Group have resigned. According to our analysis, it is just a few days ago."

Feng Yu nodded: "Well, keep an eye on it. This matter is very important and involves a lot of our investment. By the way, have you signed the contract with the supermarket group?"

Finally negotiated with the Tesco supermarket group in the United Kingdom to buy all the shares of this supermarket chain in the United States. Ralph talked long and hard about it.

And there is not too much premium, after all, the global economy is in decline, and even this purchase price is a little lower than Feng Yu's expectation.

"The agreement is that the contract will be signed in half an hour, and the purchase payment will be in place the next day, and the contract will officially take effect."

"Okay, Zong Qingxian has already flown over, and you sign the contract right away, and Zong Qingxian will deposit the funds into the account of Fengyu Holdings."

Although the supermarket group in the United States is smaller than Wal-Mart and Carrefour, it is not small thanks to the development of the North American supermarket industry.

After being merged into Taihua Supermarket Group, Taihua Supermarket Group will get rid of Carrefour and have a chance to overtake Wal-Mart. Number two in the world, this is not enough to satisfy Feng Yu. The number one in the world, or the undisputed number one, this is Feng Yu's goal.

It is not impossible to completely occupy or even monopolize the Chinese market. With the financial resources of Feng Yu and the shareholders of Taihua Supermarket Group, it is absolutely possible to make the pace of expansion of Taihua Supermarket Group faster. Supermarkets can be opened in every prefecture-level city, and even each prefecture-level city can have several, allowing other supermarket chains , without any living space.

Now the Taihua Supermarket Group has less than 1,000 hypermarkets, but there are about 4,000 Taihua Supermarkets. Even so, there are still no Taihua Supermarkets in many cities.

As long as the Taihua Supermarket Group shows its intention to invest in those cities, the leaders of those cities will definitely welcome them. Who doesn't know the profitability of the Taihua Supermarket Group.

Good profits mean high taxes. What's more, it can also drive a business district, stimulate infrastructure construction and increase employment. These data are also the achievements of those leaders.

However, Feng Yu did not intend to do this. He wanted to give other companies some living space, especially many state-owned retail groups. If Taihua Supermarket Group wanted to expand in the future, it could directly acquire some small supermarket chains.

Don't pick the other party's brand, nor pick the other party's operating conditions, only pick the location.

The location is good enough. With the business model of Taihua Supermarket Group, coupled with brand effect and cost control methods, it will definitely be able to make money.

Moreover, it is simpler, the investment is more reasonable, and it will not be criticized by other peers.

The country cannot expand too wildly, so the only option is to expand abroad. There is Polar Bear Supermarket Group in Eastern Europe. The equity of this supermarket group has also been transferred to Taihua Holdings, but it has not yet been merged into Taihua Supermarket Group.

At that time, other shareholders could not come up with enough money. If they merged, the equity of other shareholders would inevitably be severely diluted. They said that going public for financing would allow them to take over the shares of the Polar Bear Supermarket Group, but Feng Yu disagreed.

Besides, the major shareholder of the Polar Bear Supermarket Group is Kirilenko, and they are only participating in the shares, so other shareholders said to wait. Wait for them to raise funds for two years, and if they still can't come up with enough money by then, then they will accept the dilution of equity.

Now the profitability of Taihua Supermarket Group is growing rapidly, and its development in China has also fallen into a small bottleneck. It is a good time to expand outward.

This time, Fu Guangwei persuaded his old bean to merge their supermarket chain directly into the Taihua Supermarket Group. It owns hundreds of chain supermarkets in Xiangjiang, Lisboa, Baodao, Nanyang, Thailand, etc., and the locations are all Very good, the turnover is high, and the value is not low.

More importantly, the business network of Taihua Supermarket has been directly expanded to many countries and regions in Southeast Asia, which is also of great benefit to enhancing the brand value of Taihua Supermarket.

Fu Guangwei would rather take out all the supermarket chain brands in his family, but also ensure that the equity will not be diluted. What's more, only in this way can he truly become the chairman and CEO of Taihua Supermarket Group, and it doesn't count as giving up their traditional industry.

In terms of supermarket management, none of Feng Yu's subordinates can be better than him, not even the people from the Li family. Can the management of a small store like Ou Chen's be the same as that of a super hypermarket?

But now I heard that Feng Yu is going to acquire a large supermarket chain in North America, and he was once a shareholder of the largest supermarket group in the UK. It can be seen that this supermarket group is indeed worth a lot.

Although it is said that the acquisition from the British supermarket group will cost a premium, but from a long-term perspective, it is definitely not a loss. Especially after being merged into the Taihua Supermarket Group, it is the combination of high-quality assets, which is of great benefit to the improvement of the comprehensive strength of the Taihua Supermarket Group.

Fu Guangwei is excited to think about becoming the helm of the world's largest supermarket group one day. How could Fu Guangwei's old bean, Fu Rongbing, refuse to merge his family's supermarket chain into the Taihua Supermarket Group?

Fu Rongbing even thought that although he does not have the talent in finance like the boss, he cannot cooperate with Feng Yu in investing in finance, so he can only follow suit.

It's not as lucky as Fu Guangzheng, the younger brother Fu Rongjin's family. He met Feng Yu early and got a lot of opportunities.

But his son Fu Guangwei is also very good. After becoming the helm of Taihua Supermarket Group in the future, he will definitely make him shine.

I didn't expect that at his age, there would be a day when a father would be more expensive than a son. He is very happy and very proud!

For this reason, he is not only willing to merge his family's supermarket chain, but also sell all other properties under his name to support his son.

He even talked to the boss Fu Rongqi. If the money is not enough, Fu Rongqi is willing to lend them a sum of money to help his nephew become the helm of the Taihua Supermarket Group.

In this way, Fu Guangwei can still become the vice president of Taihua Holding Group, and maybe even join the board of directors, just like Fu Guangzheng.

An hour later, Fu Guangwei received a call from Zong Qingxian. The supermarket group in the United States called Costco had finally acquired all of its shares.

All the executives of Tesco in the UK have resigned. Most of the original Costco executives stayed. Taihua Supermarket Group will also send some executives here. This Costco Supermarket Group has officially merged into Taihua Under the Supermarket Group.

Immediately after Taihua Holding Group announced that the shares held by the group in Russia Polar Bear Supermarket Group were transferred to the subsidiary Taihua Supermarket Group.

So far, the annual turnover of Taihua Supermarket Group will exceed 100 billion US dollars. The next step of Taihua Supermarket Group is to challenge Wal-Mart, the super giant in the supermarket industry!

Retail giants around the world were shocked by this news!

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