Chapter 189: i want Dior

"Rick, what riddle are you playing with me, who?"

"Don't you know? It's Delphine Arnault, the daughter of LVMH Group, and her father is Bernard Arnault, the boss of LVMH Group."

Hearing Rick Walton's words, Chen William finally remembered that in his previous life, he seemed to have seen reports about this luxury lady, but he didn't have much impression.

Thinking of what she mentioned on the phone, that she wanted to talk to her about Hermes, shouldn't this eldest lady want to buy Hermes from her.

Hehe, I really hope she won't be so naive, she has spent so much thought to complete the holding, how could it be so easy to give it to LVMH group.

Although her father in the previous life and later was the richest man in the world for three consecutive years, but according to the current net worth, he is not weaker than him, how could he have such a naive idea?

It seems that the eldest lady of the LVMH group was not far from here at the time, but within ten minutes, William Chen's phone rang again. Seeing that it was the same number just now, he was preparing to connect while pulling Rick Walton. , said to him: "Go, I will meet this eldest lady with me."

"People are here to find you, why are you pulling me there?"

"Rick, are we brothers?"

"?"

"She must have come to me to buy my shares in Hermes, and I will definitely not sell it to her. But you know, it's a headache for women to be troubled, so when you help me hold her back, I will just Back to New York."

"??"

Rick Walton looked at William Chen speechlessly, there is such an operation, why don't you just refuse it?

At this time, William Chen had already answered the phone and said to the phone, "Okay, Miss Delphine, I'll go down right away, in the cafe next door."

"Uh, no, William, I don't think it's very appropriate for me to go..."

Seeing that William Chen hung up the phone, Rick Walton said to him quickly.

"Rick, it's time to test our friendship. At this time, we can't be cowardly. What are you afraid of? Isn't it just a woman."

"..."

After William Chen and Rick Walton got to the coffee shop downstairs, they saw the Miss Delphine Arnault. Before walking to her side, William Chen noticed that there were two people at the next table watching. Glancing at myself and Rick.

It seems that this eldest lady came with bodyguards and assistants, and she really has the style of a thousand-dollar eldest lady.

"Hello, Mr. William, nice to meet you."

Seeing the two of them, Delphine got up and said.

She has blonde hair and looks very temperamental. As for her appearance, it is a matter of opinion. Anyway, she is not the type that William Chen likes.

"Who is this?"

"This is my friend, Rick Walton, we just happened to be discussing things together." William Chen saw that Rick also shook hands with Delphine, then sat down and asked, "I don't know about Delphine. What is Miss Na looking for from me?"

"Simply put, we at LVMH want to buy Mr. William's shares in Hermès..."

Sure enough, Chen William thought so in his heart and said, "Sorry, I have no idea of ​​selling these shares."

It took so much effort to hold Hermès, and those shares are still not hot. You just want to pick peaches, and you are thinking about eating shit.

"Mr. William, you can listen to our offer first. Now the share price of Hermes International Group is around 90 euros. At this price, the shares you hold are worth about 4.85 billion euros. We can offer a premium of 5.5 billion euros. price and buy all of your shares."

Delphine didn't take Chen William's refusal at all and said calmly.

Gu Yu

Well, 5.5 billion euros is a really attractive price, which is close to $7.5 billion. William Chen's entire acquisition process cost only US$5.05 billion, and this time he made a net profit of nearly US$2.5 billion.

"I also have an offer for Miss Delphine to listen to. I can buy the shares in LVMH and your family at the same premium."

"Don't make such a joke, Mr. William. It is the core brand of our group and cannot be sold."

Delphine said disapprovingly.

At present, the LVMH group and the Arnault family hold all the shares of the fragrance makeup department and about 74% of the fashion department respectively.

Of course, William Chen is not joking. If the other party really dares to sell it, he will buy it if he sells iron. It's just that as a core brand, they certainly won't sell these businesses.

"My answer is the same, Miss Delphine, Hermes is also my core asset and cannot be sold."

William Chen imitated her tone and said.

"Our situation is different, and we can't talk about it together. Mr. William, Hermès is a top brand in the fashion industry. Our LVMH group is the largest fashion group in the world. Our purchase of Hermès is a powerful alliance."

Uh, what's this got to do with me? Chen William understands what she means. On the premise that he owns the Hermès Group, let alone a less important brand, it is impossible for the other party to sell it to his competitors. Chen William is different. His main business is in film and television media and the Internet, and selling Hermes company does not seem to have such a big impact on him.

"Miss Delphine, I don't think you need to waste your time, I won't sell Hermes." After saying this, Chen William raised his hand to look at the time and said, "Sorry, the time is up, I'm going to take a flight. ,Nice to meet you."

"Mr. William, we can..."

"It's not a matter of price, there is one thing you may not have considered, that is, if it is your LVMH company that bought Hermes, then I am afraid that the Hermes family has concentrated more than 51% of the shares, and they will not agree to sell to you. ."

After saying this, William Chen gave Rick Walton a look and left here with the bodyguard.

"William..."

"Miss Delphine, I know William, I'm afraid you can't convince him about what he decides."

Rick Walton stopped the eldest lady at the right time and said.

...

When William Chen just returned to New York, he heard a message:

The U.S. Treasury Department and the Federal Reserve said they were seeking bailouts for two "government-sponsored" companies Fannie Mae and Freddie Mac, which are said to have collectively lost nearly $70 billion in the crisis.

Freddie Mac and Fannie Mae are two government-sponsored, privately owned companies that insure more than $5 trillion in mortgages or mortgage-backed assets combined.

Fannie Mae was established in 1938 and is the largest "American government-sponsored enterprise". Freddie Mac was approved by Congress in 1970 and is the second largest "American government-sponsored enterprise", second only to Fannie Mae in business scale.

However, in the subprime mortgage crisis, both companies are now on the verge of bankruptcy. In just one month from mid-December last year to mid-January this year, the stock prices of both companies have plummeted by more than 50%. It's still falling, and it's about to reach the point where it can't fall.

In order to keep these two companies, the Ministry of Finance and the Federal Reserve are now studying to maintain the liquidity of the two companies through capital injection, and even do not rule out directly taking over these two companies and nationalizing them.

In the No. 2 and No. 3 funds of the Meta Investment Fund, the shares of these two companies are not low, mainly because these two companies are iconic companies in the real estate industry and the company's stock The scale is large, and the capacity for shorting is sufficient.

However, William Chen also knows that when these two companies are truly nationalized and taken over by the state, the first stage of the subprime mortgage crisis will be officially over, and the next second stage will be the impact of the subprime mortgage crisis. , will be further expanded, from the real estate and financial markets to the vast majority of industries in the entire society.

At that time, whether it is No. 2 Fund or No. 3 Fund, it will cash out the profits from the short-selling of stocks in financial institutions such as real estate and banks in the early stage, and invest it again in the short-selling of a wider range of stocks.

After returning to Meta Investment Company, William Chen learned from John Paulson that the CDS premium repayment of Fund No. 1 has now been completed. According to statistics, at that time, Fund No. 1 invested a total of 10% in the subprime mortgage bond market. 100 million US dollars, and obtained more than 20 times the income, which is the result after they carefully chose the maximum possible repayment.

The profit from the redemption of Fund No. 1 was previously allocated US$10 billion to the equity investment department for investment, and the remaining US$12 billion was reinvested into Fund No. 2, which has been used to short the American stock market.

This period of investment will continue until the end of the second stage of the subprime mortgage crisis.
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