Chapter 607: Hard Work, Hard Work
Faced with a strong uncertainty outlook, French capital has set off a wave of going abroad for risk aversion.

This is exactly the opposite of Britain on the opposite island.

So Wang Yuanchao came to reap the rewards.

This time he wants to auction a French textile company, the Bossac Group, because the company has gone bankrupt and the government cannot save it.

Why did Wang Yuanchao take over this company?

Because Dior is a brand under the Bosak Group.

In 1968, Dior's perfume business was sold to Louis Vuitton.

In 1978, the Bosac Group, the parent company of Dior's fashion business, went bankrupt and the Wilot Group purchased its assets.
In 1981, the Wiot Group also declared bankruptcy and entered a restructuring process. Bossac was taken over by the French government and became a state-owned enterprise.

Now, after three years of turmoil under the Mitterrand government and the market depression caused by the second oil crisis, Bossac's debt has reached hundreds of millions of francs, its warehouses are full of out-of-season clothing, and 3 employees are on strike because of unpaid wages.

The Mitterrand government, which was at its wits' end, had to restart privatization.

According to Wang Yuanchao's instructions, his investment team invested 2000 million US dollars, plus a loan of 8000 million US dollars from a French bank, spending a total of million US dollars to acquire the Bosak Group.

For this acquisition, he did not use the Adventurer Fund.

Wang Yuanchao’s own acquisitions often involved loans from other countries.

It’s not that he has no money, it’s that he is afraid that his money will be confiscated.

Earlier in the same period when the acquisition was being discussed, he arranged for a third party to negotiate and obtain a discount on Bosak's debt from its creditors. After Bosak was acquired, the size of the debt was reduced by half.

It's a very routine operation. Bosak owes Company A 1000 million, but Company A has never received the money. Now a third party is negotiating with Company A to buy the debt, but there is a risk that the debt may not be recovered, so the debt can only be bought at a discount. The third party also needs to make money.

With these two positive and negative operations, the company's value suddenly increased.

And why is Ajani clinging to him so much?
It’s because he said he wanted to continue expanding his investment in France, and he plans to leave it to his children in France in the future!
Of course, it is impossible to give all to one or several children. He has set up his family fund, and each child will have his own share of the profits. But when it comes to the industry of a certain country, it must be managed by the children of that country, and it will be more advantageous to go abroad.

Citizens of every country have their national self-esteem.

In addition to the fashion magazine VOGUE, his investments in France also include Cartier. He also has some knowledge of the development path of luxury goods giant LVMH, so naturally he wants to buy at the bottom in advance.

He doesn't plan to develop anything in France, and will focus on the French luxury goods industry.

He has huge film and television media resources and a large number of design ideas (the inventory in his mobile phone). It would be a waste if he didn't engage in luxury goods.

Once this luxury goods empire is established, we can naturally bring in the Adventurer Fund to share a piece of the pie.

Therefore, after the acquisition was completed, Wang Yuanchao tore up his promise to the French government without hesitation.

The first step was to divest low-profit businesses such as textiles and diapers, retaining only the research center in France and moving all production operations to Southeast Asia, such as Borneo.

He welcomes French employees who are willing to go there and they will retain their French treatment.

Even so, the wages are many times higher than those of the workers in Borneo.

Many people naturally don't want to go, but there's nothing they can do about it. The company is not doing charity, and no one can provide better treatment.

In this way, the burden on two-thirds of the employees was directly reduced.

Then, among the remaining employees, he would evaluate and lay off one-third of the unqualified employees.

In terms of assessment, the Chinese are their ancestors. If you are not capable, who else should we lay off?

He mortgaged all the mountains of inventory in the warehouse to a third-party debt company, with the price being exactly half of the debt.

These stocks are not available in Europe, but there is still a market for them in Asia, so third-party companies will not lose money.

After all the back-and-forth routines, only the product research center, design center, brand and marketing center, Dior's most valuable assets, and a staff size of 7,000 to 8,000 people were retained in France, and the debt was halved (the debt is flexible because the third party is also arranged by itself, so this halved debt is optional and depends entirely on needs)
Later, he even outsourced the production of Dior.

While France is busy, Italy and the UK are also not idle. He also has to inspect them. Jaguar has not been taken over yet. A company of such a large scale is destined not to be as easy as Dior.

However, Wang Yuanchao is not in a hurry. He is still slowly dealing with the British royal family.

Nothing else, just benefits.

With Maureen's help, Wang Yuanchao and Princess Anne established a good personal relationship.

Anne is a British princess, but she is the daughter and former son-in-law of the US president, so their status is relatively equal. In terms of power, the US is superior.

With this kind of personal relationship, Wang Yuanchao, the British earl, was much closer to the royal family.

Rich, powerful, and well-connected, wow.

Since 1983, Princess Anne has served as President of the British Olympic Committee and a member of the International Olympic Committee.

So Wang Yuanchao has already started to take action for Borneo's bid for the Olympic Games.

In addition to being the same age as Wang Yuanchao, Princess Anne also likes horse racing and car racing.

In 1982, the photography team of the British tabloid Express captured the scene of Anne being thrown into the mud by her horse while she was riding over the fence in a competition. Furious, Anne yelled at the reporter, "Get lost!" This behavior became the headline of the newspaper the next day. Although her embarrassed appearance at the time was embarrassing, it helped the British royal family to get rid of the image of luxury in the past. Against the backdrop of the social division and economic turmoil in Britain at that time, it also diluted the image of the royal family and the aristocracy as "out of touch with the world."

Not to mention speeding, he was fined for speeding many times and even had his driver's license revoked for one month.

Princess Anne's first husband, and current husband, was a lieutenant in the Queen's First Dragoon Guards, whom she met at a horse lovers' gathering.

The couple often went riding together, but the lieutenant was clearly no match for the princess.

This time when Wang Yuanchao came over, he also catered to the princess' interests and talked about horse racing.

After all, he is a director of the Hong Kong Jockey Club and has raised several horses. It is hard to say about his fancy skills, but his racing level is still okay. Because Wang Yuanchao has a plug-in that increases his speed by 5%.

He compared himself with a professional horse racer, and just because of this 5% bonus, he was so much taller and heavier than the other person, but he was still able to beat him easily.

5% what concept?
To make a simple analogy, 100 meters is a 5-meter lead, and 1000 meters is a 50-meter lead! Unless his horse is too bad, it is difficult for ordinary horses to win with such an advantage.

Cheats are just so unreasonable.

Racing cars are not a good option because they go too fast and they don’t just run in a straight line; they also require a lot of control to run around curves.

So when Annie was itching to show off her skills and challenged Wang Yuanchao to a horse race, she was destined to be defeated by Wang Yuanchao.

Wang Yuanchao had no horses in England, so all the horses belonged to the princess. However, no matter which horse he rode, the princess could not catch up with him. The princess was so angry that she cursed the horses for being traitors.

But our relationship became closer.

When Wang Yuanchao visited Princess Anne this time, Maureen did not come, so the princess came out on her own to keep the appointment.

After they rode for a while, Wang Yuanchao realized that his son-in-law had cheated on him.

The princess got married in 73. It has been ten years now and they are already an old couple. So what if it’s the princess’ turn?
The prince consort did not ask for a royal noble title, so he did not feel that he owed the royal family anything.

He felt that he was just doing what all men would do.

When a woman talks to you about her marriage, how can a guy like Wang Yuanchao, who has lived two lives, not understand it immediately?

The princess really felt that Wang Yuanchao was handsome, good at riding, rich and capable, and had the title of earl in Britain. Apart from his skin, he had no flaws.

Princess Anne in her youth certainly cannot be compared with her aunt Princess Margaret. She is not very beautiful, but she is not ugly. Besides, she has the blessing of status, and Wang Yuanchao wants others to help...

The two of them found a place to have some drinks, and everything fell into place.

We are all adults.

Wang Yuanchao felt that he had paid a lot for the Kingdom of Borneo.

The princess was also very satisfied. She had not had such a high quality of life for a long time. She even forgot that this kind of life was full of fun and not just for reproduction.

As for a woman, once you enter her heart, she will start to miss you.

Princess Anne is no exception. She no longer has the same casualness as before when they were friends.

"How many days can you stay this time?"

In the past, Wang Yuanchao would not stay in the UK for long. The industry here is limited. In addition to the Chelsea football team, there is the British branch of VOGUE, or the London branch of Cartier, as well as some castles and real estate. The acquisition promoted by Maureen is also handled by the consortium's foundation. Although he can manage it, he is too lazy to ask more. If Jaguar is acquired, some of the business can be outsourced to Asia. But it is still being promoted.

"Do you want me to stay with you for a few more days?" Wang Yuanchao asked back.

Anne was not shy either, saying:

"I think we wasted a lot of time before, and I want to make up for it."

How to supplement?
Can the two of them go to the game?

No.

Can the two of them go shopping?
Not at all.

The princess is still very well-known in London.

The only other activities that can be done in the wilderness are horse riding, or in the dark at a bar, or inside Wang Yuanchao's house.

Wang Yuanchao had originally planned to return to Asia for the New Year, but he also wanted to take some time to go back to the mainland to visit Zhu Lin, who was pregnant, his parents and family, and Xiaocao, who was in the first year of high school.

Now that the princess has asked me to stay, I'd better stay with her for a few more days and take care of myself.

"So when are you going to visit Borneo? I'll wait for you there, how about that? Borneo is also a member of the Commonwealth, right?"

Anne chuckled and said:

"Praro? Then why not Hong Kong?"

Then her smile disappeared and she said:

"It seems that Hong Kong is not suitable at this time. Then I will arrange a visit to Southeast Asia this year. You have to accompany me then."

Wang Yuanchao straightened his hips and said:

"I will definitely accompany you to the end!"

Wang Yuanchao gave Annie a latest model of Cartier women's watch. He also prepared a lot of small gifts in his space, all of which he wanted to take back and give to others.

The gift is not expensive.

If you haven't entered the other person's heart, this gift is a bit embarrassing.

But it’s different now.

For this new watch, Wang Yuanchao also borrowed some aesthetic ideas from later generations and asked Cartier to make some design innovations in shape and color.

It is a pink rose gold that makes people unable to stop.

It’s a pity that the royal family cannot speak for it.

(End of this chapter)