Chapter 1083 A call from the main palace
The next day, Xu Liang received a call from Jiang Xiaoyang.
“Do you want to acquire Seibu Group?”
“Not necessarily, but if Mizue offers a better deal, I will acquire it.”
“Can you Think about it clearly, Seibu's current situation is very bad, and it is not just a problem of high debt.
More importantly, the consumption downgrade in Japan has caused Seibu Department Store, which sells mid-to-high-end goods, and Prince Hotel, which specializes in hotels and resorts, to experience declining revenue. This is the main reason for Seibu Group's high debt.
From the current market environment in Japan, it is difficult to change in a short time. "
Xu Liang smiled and said: "If there is no practical reform plan, I will not touch Seibu. "
"Oh? What do you want to do? "
"Since consumption has been downgraded, our operating model has also been downgraded.
First, redesign and renovate the existing department store, changing the outdated circulation design and exterior decoration.
Secondly, change the operating format.
From simply selling goods, it has become a 'one-stop family entertainment and leisure center', compressing the retail part of goods to 40% and adding entertainment, children's entertainment, food, leisure and other content.
This is the ‘shopping mall’ that Taihua is now focusing on. ”
“Are you sure this model is suitable for Japan? "Jiang Xiaoyang said doubtfully.
"Not sure. So I plan to use one store as a pilot first.
If the pilot effect is good, it will be rolled out in an orderly manner.
Strive to expand Seibu Sogo Department Store within five or six years. There are a total of 53 stores in Japan and overseas, comprehensive reforms”
Jiang Xiaoyang agrees with this model, and the pilot reform has room for trial and error.
Promoting gradually can avoid large-scale store closures for renovations, which will affect Seibu Department Store's revenue.
"If the reform is successful, won't Seibu Department Store compete with Taihua's business? Are you not going to let them merge?"
"Merger is for sure. Supply chain integration will make it easier to reduce costs, but there is a need for intermediate Time. Moreover, the business line of Seibu Department Store also includes various business formats such as Seibu Railway, Seibu Bus, Muji and Yoshinoya. Which ones need to be integrated and which ones should be abandoned need to be carefully planned.” br>
"You are very concerned about Taihua. You dared to arrange for Nongsong and China Resources Vanguard some time ago, and now you have sent Seibu Department Store there." Jiang Xiaoyang was impressed.
“I’m not giving it away for free, Taihua has to pay for it himself.”
Jiang Xiaoyang was not really jealous, but just wanted to give him a thumbs up to prevent him from being too presumptuous and not taking his position as the main palace seriously.
"Where are the Prince Hotels? How are you going to reform?"
"I am going to target Chinese tourists."
"Chinese tourists?"
< br>“I asked Li Jinling to help me collect a table of changes in domestic tourists to Japan in the past ten years. From hundreds of thousands in two thousand years, it has increased to nearly one million now.
It is growing rapidly, almost doubling in size every year.
In four or five years, it will not be a problem to increase it to four to five million.
I am going to sign contracts with major domestic travel companies and let them develop travel routes to the 'Prince Hotel and Resort'.
As long as it can attract a quarter of the tourists, it can bring huge returns to 'Prince Hotels and Resorts'.
In addition, some tourists from Southeast Asia, Europe and the United States come here to visit, as well as local tourists from Japan.
It will definitely change the current predicament of Seibu’s tourism assets. "
Jiang Xiaoyang smiled and said: "The method is good, but your company 'Global Tourism Group' is also engaged in the development and operation of scenic spots, and it has also built several resorts now.
What, are you planning to sell Prince Hotels and Resorts to it too?
If you sell them all, will your Japanese lover be happy?
She is happy, can her family agree? ”
Listening to her gloating tone, Xu Liang wanted to take out an iron rod and severely punish this increasingly presumptuous woman.
It’s a pity that it’s thousands of miles away and out of reach.
“Forget it about Prince Hotel and Resort.”
“Hey, why forget about it? It seems that in your heart, the little girl named Liu Qianqian is not as favored as An Kaiyue. "
"Being favored or not, except for you, they are all the same here," Xu Liang said confidently.
"You just know how to coax me with nice words." Although he said this, the happiness in his tone could not be hidden.
Xu Liang quickly changed the topic.
"Have you gone to the hospital for a checkup? How is our second child?"
When Xu Liang left the capital, Jiang Xiaoyang was pregnant with the second child, and she has been pregnant for half a year now.
"It's rare that you still know how to care about your son."
"Of course, I am a good and responsible father."
"Stop hating yourself."
After chatting about family for a while, Xu Liang hung up the phone.
Huh.
Take a breath.
I finally got over it.
The reason why he gave up the integration of Global Travel and Prince Hotel & Resort was, as Jiang Xiaoyang said, because he was afraid of objections from the Futian family.
Forget it, just take the Seibu Department Store, you took it all.
Fukuda Iwadera, Fukuda Yasuo and others will definitely have fun.
The Futian family is deeply rooted in Japanese politics, and Xu Liang does not want to offend them.
Of course, there is no chance of integrating the two companies, as long as Xu Liang replaces it with other assets.
Dong dong...
There was a knock on the door.
Soon, Li Jinling opened the door and walked in.
"Mr. Xu, the information on Seibu Group that you asked me to sort out has been sorted out."
As he said this, he held the information in his arms, which was thicker than a book, and put all the information bound in A4 paper. Arriving in front of Xu Liang.
"Mr. Xu Seibu Group has many businesses and has been established for many years. We have tried our best to summarize the important information and financial data, but the number is still very large."
Xu Liang turned over the pages.
The information not only records the past development history of each major business of the Seibu Group, but also contains detailed financial reports.
Really detailed.
"Let me take a look, you go and do your work."
Li Jinling nodded and left.
Xu Liang flipped through the information and took a pen and notebook from the side.
Writing and drawing, time passed quickly.
At its peak, the Seibu Group had total assets of US$165 billion. It was one of the three largest corporate groups in Japan and a leader in real estate and retail.
Later, the asset bubble burst, causing Seibu, which operates department stores, hotels, golf courses, ski resorts, etc., and has always maintained its own properties, to experience a heavy decline.
Asset writedowns as high as US$80 billion.
The originally reasonable balance sheet suddenly became unbalanced.
Assets can be written down, but liabilities cannot.
Coupled with the downgrade of consumption caused by reduced income, Seibu Group's revenue has also dropped significantly, and it seems that it can no longer repay its loans.
Yoshiaki Tsutsumi had no choice but to sell his assets to pay off his debts.
Some non-core businesses were sold like this.
However, although Japan’s real estate industry has recovered somewhat after more than ten years, it is still far from what it was at its peak.
The general environment of consumption downgrade in Japan has not fundamentally changed.
Not only has the situation at Seibu Group not gotten better, it has gotten worse.
Seibu's creditors completely lost patience with Yoshiaki Tsutsumi.
Just find a reason to send this old guy in.
(End of this chapter)