My 1999

The next day, Xu Liang received a call from Jiang Xiaoyang.

"You want to acquire Seibu Group?"

"Not necessarily, but if the offer from Ruihui is better, I will buy it."

"You must think 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 the Seibu Department Store, which sells mid-to-high-end goods, and the 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First, redesign and renovate the existing department store, changing the outdated circulation design and exterior decoration.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 center’ that Taihua now focuses on. "

"Are you sure this model is suitable for Japan?" Jiang Xiaoyang asked doubtfully.

"Not sure. So I'm going to use one store as a pilot first.

If the pilot effect is good, it will be rolled out in an orderly manner.

We strive to comprehensively reform a total of 53 stores of Seibu Sogo Department Store in Japan and overseas within five or six years. "

Jiang Xiaoyang agrees with this model, and the pilot reforms provide room for trial and error.

Progressing 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 it will take time. Moreover, the business line of Seibu Department Store also includes various business formats including Seibu Railway, Seibu Bus, MUJI and Yoshinoya.

What needs to be integrated later and what needs to be abandoned also requires detailed planning. "

"You are very concerned about Taihua. You dared to arrange for Agricultural, Industrial and Commercial 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 himself seriously as the main palace official.

"What about the Prince Hotel? How do you plan to reform it?"

"I am going to target Chinese tourists."

"Chinese tourists?"

"I asked Li Jinling to help me collect a table of changes in domestic tourists visiting Japan in the past ten years. From a few hundred thousand in two thousand years, it has increased to nearly one million now.

It is growing rapidly, almost doubling in size every year.

In another four to 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 open up 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, you're planning to sell Prince Hotels and Resorts to it too?

If you sell them all, will your Japanese lover be happy?

If 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 Prince Hotels and Resorts.”

"Hey, why don't you forget 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 joy in his tone could not be hidden.

Xu Liang quickly changed the topic.

"Have you gone to the hospital for a check-up? 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 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.

call.

Take a breath.

Finally got over it.

The reason why he gave up the integration of Global Travel and Prince Hotels \u0026 Resorts was, as Jiang Xiaoyang said, because he was afraid of the Futian family's objections.

Just take away the Seibu Department Store, you took them 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 the Seibu Group you asked me to sort out has been sorted out."

As he said that, he held the information in his arms, which was thicker than a book and all bound with A4 paper, and placed it 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 large."

Xu Liang flipped through it.

The data not only records the past development history of Seibu Group's major businesses, but also includes detailed financial reports.

It is indeed very detailed.

"Let me take a look, you go and get busy."

Li Jinling nodded and left.

Xu Liang flipped through the data and took a pen and a notebook from the side.

Time passed quickly while writing and drawing.

At its peak, Seibu Group had total assets of up to 165 billion US dollars. It was one of the three largest business groups in Japan and a leader in the real estate and retail sectors.

Later, the asset bubble was punctured, causing Seibu, which has been operating department stores, hotels, golf courses, ski resorts, etc. and has always held its own properties, to experience a severe decline.

Asset write-downs were as high as 80 billion US dollars.

The balance sheet, which was originally reasonable, was instantly unbalanced.

Assets can be written down, but debts cannot.

Coupled with the consumption downgrade caused by the reduction in income, the revenue of Seibu Group also dropped sharply, and it seemed that it could not repay the loan.

Yoshiaki Tsutsumi had no choice but to sell assets to repay debts.

Some non-core businesses were sold in this way.

Although the real estate industry in Japan has recovered a little after more than ten years, it is still far from the peak.

The general environment of consumption downgrade in Japan has not changed fundamentally.

The situation of Seibu Group has not only not improved, but has become worse and worse.

Seibu's creditors have completely lost patience with Yoshiaki Tsutsumi.

They directly found a reason to send this old guy to jail.