Chapter 550 The Lagardère Family
In the final analysis, William Weber Capital is only part of Barron’s short-selling plan related to the subprime crisis in Europe.
The various funds under the DS Group have successively increased their short selling in the European market, with a total investment of up to 10 billion euros. However, it will take time for the impact of the subprime mortgage crisis to spread to Europe. Therefore, they will gradually increase their positions and will not invest these funds all at once.
For example, as mentioned before, Société Générale was bullish on the European stock market because of the private operation of one of their traders, which ultimately caused a loss of 4.9 billion euros.
The opponent's long position is actually almost all conducted by the DS Group...
Wealth will not disappear, it will only be transferred. If there are institutions that are losing money, there must be those who are making profits. This is the truth.
“Hello, Mr. Sarkozy.”
“Welcome to Paris, Your Highness the Duke.”
In fact, the meeting with Ashley Weber was just by the way. After that, Barron met Nicolas Sarkozy in the newly purchased villa in Paris.
Speaking of which, he and the other party are kindred spirits...
Lao Sar, who previously served as interior minister, won the election in May this year and became the new president of France.
In addition, Bruni, who once served as Barron's French teacher and provided personal guidance, has also secretly dated Lao Sa. The two will make their relationship public in a few months, and then follow the rules of their previous lives. In the future, Bruni will also become the First Lady of France.
Speaking of Bruni's fate, it was quite tortuous and bloody, but she also knew that her relationship with Barron, the British Duke, was destined to be a short-term relationship, so after meeting her old man After that, he started to fight fiercely with him.
Barron and Lao Sa were introduced through Bruni and arranged their meeting.
Lao Sa is very interesting. He was originally on the side of former French President Chirac. Later, he defected to support Chirac's opponent in the 1995 election, and then returned in the 2002 election. Go to Chirac and run around for his campaign...
Of course, he was rewarded and later held the important position of Minister of the Interior.
In this year’s general election, Chirac announced his retirement and supported Lao Salvador, which ultimately helped him win the election.
Compared to South Korea, the French presidency can be said to be very safe, but even so, Lao Sar still later became the first French president to go to jail - although it was only He was sentenced to one year in prison and suspended.
The current Lao Sa is naturally very proud of himself, having just taken over a high position, and is also very happy in love. However, facing Barron, the young Duke of England, he is still very friendly - after all, he is also very friendly. Know the capital and strength the other party possesses.
In terms of policy, Lao Sa is a hardliner, which can be seen from his tough attitude to quell the Paris riots when he was the Minister of the Interior.
At the same time, he also has a tough attitude towards immigration. After taking office, he proposed a proposal to add French and national values tests to those who want to become French citizens.
Therefore, Lao Sa also strongly supports the previous cooperation between France and Britain in repatriating illegal immigrants.
Currently, on the eastern border of Colo, on the side of neighboring Benin, a "refugee resettlement area" has been designated to accommodate illegal immigrants from Britain and France. On the British side, the Coast Guard established by the Protector Security Company cooperated with French law enforcement agencies to prevent illegal immigrants from landing, and both parties funded the sending of these illegal immigrants to West Africa.
It can be said that compared with the burden and negative impact caused by these illegal immigrants entering the country on the welfare system and social security, spending some money to solve this problem, in Lao Sa’s opinion It is still very worthwhile, so after he took office, he vigorously promoted this kind of cooperation with the British side, and extended its scope not only to illegal immigrants found at sea and at the border who were preparing to enter the country, but also included illegal immigrants found in the country. Illegal immigrants stuck in the country.
Barron is also very supportive of this initiative. Currently, more than 1,000 British and French "illegal immigrants" have been transported to the Benin resettlement area. Among them, more than 200 people have obtained Kolo's review after review. If they have a residence permit in Los Angeles and perform well within 5 years, they will be able to obtain Colo citizenship.
All of these people have received a certain degree of education or have special skills, and can make up for some of the labor gaps in the country during the current great development of Kolo.
In addition to matters related to the resettlement of illegal immigrants, Barron and Laos also talked about investment in France.
Currently, the DS Group’s largest asset in France is the Gucci-Hermès Group. This group is composed of two top luxury brands in France and Italy. In fact, in addition to the two brands Gucci and Hermès, Before the merger, the two companies each owned a number of other luxury brands.
For example, before the acquisition, the Gucci Group already owned many brands including Gucci, Bottega Veneta, Balenciaga, Boucheron, and Yves Saint Laurent.
Before the merger of Hermès and Gucci Group, in addition to the Hermès brand, it also owned brands such as John Lobb, Saint Louis and Puiforcat.
It can be said that France and Italy have the most luxury brands in Europe. Lao Sal also hopes that Barron can invest more in France to promote the local economy.
To sum up, the meeting between the two this time was mainly about "establishing connections". After all, after making a lot of money during the subprime crisis, Barron will definitely start to take advantage of the market value of many companies. When the land is low, it will be easier to buy aggressively. When the time comes, France will have the help of Lao Sa.
Lao Sa is also willing to establish a good personal relationship with Barron. He even said that he could introduce some local families to Barron to promote cooperation between the two parties.
He did not just say this, he soon introduced a dear friend to Barron at a banquet...
This man’s name is Arnault...
Well, it’s not Bernard Arnault, the chairman of the LVMH group, but Arnault Lagarde, the new head of another wealthy French family, the Lagardère family. Gardel.
As for why Lao Sa introduced this man known as the "most failed heir" to him, Barron is still not sure - but at least the advantage is that when Arnault wants to sell something, When it comes to industry, Barron can take over more conveniently.
From now on, the Lagardère family ranks among the top business families in France. Arnaud Lagardère’s father is one of the most well-known and respected businessmen in France. Jean-Luc Lagardère, who built a business empire that included missile manufacturer Matra and publisher Hachette.
At present, the Lagardère Group (Lagardère SCA) of the Lagardère family is one of the three largest publishing groups in the world, owning "Paris Match" (Paris Match), "Le Journal du Dimanche" (Sunday newspaper), Hachette publishing houses, Europe1 radio station and some important duty-free chain stores.
The Lagardère Group's businesses include television stations, publishing, media magazines, travel, etc.
They have nearly a hundred products from more than ten countries including "ELLE", "Famous Car Magazine", "Version Femina", "Art&Décoration", "France Dimanche", "Télé7Jours", "Ici Paris" and "Public" Magazine.
(End of this chapter)