Chapter 463 463 loaned 3 billion US dollars to acquire the largest pizza company in the United States

  Because of Uber, Wang Guanxi and others stayed in San Francisco for another month.

  A lot of things happened during this period.

  The largest automobile company in the United States, General Motors, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code on June 1.

  Ford Motor Company is the only three major American auto companies.

  Of course, General Motors, Chrysler Automobiles will go bankrupt and reorganize, and then be reborn.

  However, the original shareholders have basically lost their money. After the bankruptcy and reorganization, the owners of the two companies have also changed, and the new company will be listed again in the future.

  The production lines of Ford Motor Company and Macy’s have also begun to move away.

  Ford Motor Company’s headquarters will also move out of Detroit and move to the suburbs of Columbus, which has already begun.

  Now Ford Motor Company’s stock price is at US$6 per share, and Wang Guanxi’s No. 1 Fund holds 1.5 billion Class A shares, valued at US$9 billion.

  At present, the No. 1 Fund has no cash, all of which are stocks. Among them, it holds 80 million shares of Amazon. The current stock price of Amazon is at 80 US dollars per share, valued at 6.4 billion US dollars.

  And the No. 1 Fund still owes Standard Chartered Bank 2.5 billion US dollars. At that time, in order to raise 2.5 billion US dollars for Facebook, it had pledged Amazon's stock to Standard Chartered Bank.

  Wang Guanxi intends to continue to acquire some companies, as well as long the Dow Jones Index, but there is no excess cash.

  He now wants to continue the loan.

  Ask that bank loan?

  The No. 2 Fund holds 200 million shares of Citibank, becoming a major shareholder, occupying 10% of the shares, and has established a director.

  No. 3 fund holds 400 million shares of Wells Fargo Bank, occupying 9.7% of the shares, and is also a director.

  Fund No. 4, which holds 1 billion shares of Bank of America Corporation, occupies 11.9% of the shares, and has also established directors.

  But these directors are not executive directors and have very little power.

  After all, the control of these three giant banks is in the hands of other consortia. Although Wang Guanxi is a major shareholder, he does not have much say in the board of directors.

  Thinking about it, Wang Guanxi called the director of Bank of America Corporation. This time he planned to mortgage Ford Motor Company's stock to Bank of America Corporation for a loan. .

   and arranged for Xiao Ma Zi quickly contacted Kenneth Lewis, the CEO and chairman of Bank of America Corporation.

  Kenneth Lewis was still very curious about Wang Guanxi, and said: “Mr. Wang, hello, are you planning to mortgage Ford Motor Company’s stock and Bank of America’s loan this time?”

  Wang Guanxi: "Yes, Mr. Lewis, I plan to pledge 9 billion US dollars worth of Ford Motor Company stock and take a loan of 4 billion US dollars."

  At present, these 1.5 billion Class A shares of Ford Motor Company are worth 9 billion U.S. dollars. This time they are all mortgaged and loaned 4 billion U.S. dollars.

Kenneth Lewis thought for a while and said, "Mr. Wang, the current auto industry is not very good. Chrysler Motors and General Motors have gone bankrupt. Although Ford Motor Company has resisted, its share price is a bit inflated. The company is also in crisis, so I can only lend you a loan of 3 billion US dollars."

  There have been a lot of things recently. Many companies have gone bankrupt. The U.S. economy has not yet come out of recession. Ford Motor Company’s financial statements for the second quarter are not known and have not been released yet.

   Honestly, he remains skeptical about whether the future economy can quickly get out of recession.

  Bank of America is also in crisis, struggling in the economic recession.

  Because the acquisition of Merrill Lynch for US$54 billion was a huge bomb, now the stock price of Bank of America has fallen sluggishly, and shareholders are now frantically firing at him to drive him out of Bank of America.

  And Ford Motor Company was also hit hard by the economic crisis. In the first quarter of 2009, it still lost money and sales fell sharply. Although Ford Motor Company pulled back from the brink of bankruptcy and its stock price has risen a lot, the stock price may fall sharply at any time.

  After all, General Motors and Chrysler have gone bankrupt, and now Ford Motor Company is left. With the depression of the auto industry, it is unknown when they will be able to get out of the predicament.

  In order to reduce risk, Ford Motor Company stock worth 9 billion US dollars can only be loaned 3 billion US dollars.

   "Mr. Wang, I also want to reduce the risk. Please understand."

  The loan amount is also huge, and Bank of America Corporation can also earn a lot of interest, but Kenneth Lewis still wants to reduce the risk.

  Wang Guanxi said: "3 billion US dollars is 3 billion US dollars, we are happy to cooperate!"

  Then Wang Guanxi commissioned a lawyer and signed a mortgage agreement with Bank of America Corporation. He pledged 1.5 billion Class A shares of Ford Motor Company to Bank of America Corporation and obtained a loan of US$3 billion.

  The No. 1 Fund received 3 billion US dollars in cash. Wang Guanxi opened the Dow Jones index chart and was ready to try.

  At present, the Dow Jones Index is at 8390. Wang Guanxi intends to short-term short-term and make quick money, but the position is not good and he has to wait.

  At this time, Roland Messi, the chairman of the Macy’s department store, came.

  "BOSS, I plan to acquire Domino’s Pizza Company"

  Wang Guanxi was taken aback: "Domino Pizza?"

   Domino’s Pizza, an international pizza delivery restaurant chain, headquartered in Ann Arbor, Michigan, is a high-end service company in the retail industry.

  In the future, it will be the largest pizza company in the world!

  "Let’s take a look at its stock price first!"

  The current share price of Domino’s Pizza is at $7.5 per share, and the total share capital is 37 million shares.

The market value of    is 277.5 million US dollars.

  But Wang Guanxi knows that its stock price has risen for 10 consecutive years in the future, rushing to 500 US dollars per share, and the market value is about 20 billion US dollars.

   is far away from the market value of Macy’s.

   Then Wang Guanxi asked: “Roland Messi, who is the controller of Domino’s Pizza now?”

  Roland Messi said: “It’s the Monaghan family in Michigan. Recently, the Monaghan family is very short of money. In addition, Domino’s Pizza has suffered serious losses. They are considering selling the company.”

  This economic crisis has caused many families to suffer huge losses, and it has had a great impact on the retail industry. It is not only their Messi family who suffered terrible losses, but also the Monaghan family.

  The Monaghan family and the Messi family can be regarded as old. The Domino’s Pizza Company controlled by the Monaghan family is taking a high-end service route.

  The two companies also have a certain degree of business competition. Now is a good opportunity to acquire Domino’s Pizza.

  Wang Guanxi asked; "How many shares do they still control?"

  Roland Messi said: "60% of the equity, it is required to double the premium."

  Wang Guanxi said: "You called the Monaghan family to come to Columbus, Ohio. I will talk to them personally."

   "Okay, BOSS!" Roland Messi immediately arranged.

   Then Wang Guanxi asked Luo Baowen to sort out Domino’s information.

In fact, this is a company that specializes in food delivery. Its food delivery strategy is unique. It has achieved an impressive performance of 40% annual sales growth. It has won over 90% of the pizza delivery market in the United States. The brand reputation of the food delivery strategy is "30-minute delivery guarantee".

Beginning in 1973, Domino’s Pizza launched the service of pizza delivery within 30 minutes. If the time is exceeded, customers can enjoy it for free without paying the bill. However, in the 1980s, in order to prevent the delivery person from running a red light and violating traffic rules, this service was changed to 3 Employees are also not responsible for delayed delivery due to discounts in US dollars.

  In 1992, a courier killed a woman in Indiana, and Domino’s compensated US$2.8 million.

  In 1993, another courier ran a red light and injured a woman. Domino’s lost 8 million US dollars.

  In the same year, because the public felt bad about Domino’s careless driving, the company owner Thomas Monegan announced the cancellation of the $3 discount service.

  In 2008, the delivery service within 30 minutes began to be implemented in the United States again. The time indicated in the promotional materials is only an approximate estimate.

  However, in India, Israel and Mexico, the 30-minute delivery service continues, and more than 30 minutes can be free.

  "30 minutes must arrive" is Domino’s Pizza’s promise to customers.

  If the pizza is not delivered to the customer within the specified time due to Domino’s reasons, Domino will give away a 9-inch pizza coupon for free for the next order.

  Starting in 2001, Domino’s Pizza began basic investment to improve and modernize the chain’s POS sales system.

  By 2007, Domino’s Pizza’s investment in technology was a transformation of a technological upgrading nature.

  Since 2007, the early technology investment has gradually shifted to larger-scale product remodeling and a customized online order system. After the start of the larger-scale technological transformation, Domino's Pizza reduced its communication with the capital market until the technological transformation showed concrete results. Since then, Domino's Pizza has defined technological upgrading as a digital transformation strategy.

  Luo Baowen said: "Boss, this company has a very good strategy, and it will certainly be able to seize a lot of market share in the future."

  Wang Guanxi nodded: "Indeed, this company is currently undergoing transformation. In the future, as everyone has more and more money in their pockets, the services it launches will be very popular."

  Luo Baowen asked: “Boss, do we really want to buy Domino’s Pizza at a premium of 1 times?”

  She feels that the premium is now 100% and she doesn’t know that the Domino’s Pizza company is only making a profit of US$20 million this quarter.

  The current market value is 270 million U.S. dollars, and the premium is 100%, which is 540 million U.S. dollars.

  It will take 7 years to pay back.

  "If we buy at double the premium, based on the current profitability of Domino’s Pizza, we will only pay back in 7 years"

  Wang Guanxi smiled and said: “Actually, I don’t need to buy it in full. I just need to buy 50% of the equity. We will work together to make the company the best and the company’s market value will take off. In that case, everyone will be a win-win situation.”

  The future market of Domino’s Pizza is 20 billion U.S. dollars, 50% of the equity is worth 10 billion U.S. dollars, and it has made a lot of profits.

  Of course, if you switch to your own horse to operate, it may not reach the effect of the market value of 20 billion US dollars. It is better to let Domino's Pizza company operate under the existing operating model.

   "Secretary Luo, this company’s business strategy is very good. With the economic recovery in the future, everyone has more and more money in their pockets, and Domino’s Pizza’s net profit will also increase."

In fact, the economy quickly emerged under the Fed’s printing of money and avoided the Great Depression in the United States. The United States is the world’s largest consumer country and imported a large number of basic industrial products and consumer goods throughout the world. If the United States is in a Great Depression, other countries Who are the things sold to?

   Then it will trigger a global economic depression.

  The Federal Reserve has launched three rounds of QE, printing money non-stop, and pulling the economy back. The price is inflation. In order to avoid soaring prices, it needs to spread the inflation to all parts of the world.

  The continuous export of U.S. dollars will bring a lot of U.S. dollars to various countries. With more money and more orders, the economy of the region will naturally get better, and then support American technology products and financial services.

  This is the benefit of global economic integration. Of course, this is only a macroscopic benefit. From a microscopic point of view, it will create a huge gap between the rich and the poor.

  However, Wang Guanxi's companies are all beneficiaries of economic globalization.

  Huntington Bank, Fifth Third Bank, Bank of Hawaii, East West Bank, and Silicon Valley Bank will provide international financial services.

   And Hawaii International Hotel Group, Hawaiian Airlines, Ford Motor Company, Macy’s, are also beneficiaries of the global economic cycle.

  Of course, there is also the Domino Pizza Company that is about to be acquired. It will also be a global pizza chain. Can it not make money in all regions of the world with economic development?

"Secretary Luo, I'm just very optimistic about this pizza chain store. Generally, people who eat pizza are middle-class people. In the future, there will be more and more middle-class people in various regions. Domino's pizza company's business model can be fully exploded in other regions. Local competitors."

  Luo Baowen nodded: "Well, I am actually quite optimistic. If we really follow the current operating model, the future market value of several billion US dollars is possible."

  Wang Guanxi smiled and said: "In fact, the market value of more than 10 billion US dollars will do."

  Luo Baowen was surprised and said: “Isn’t that surpassing Macy’s?”

  Wang Guanxi smiled and said: “Of course it will exceed the market value of Macy’s, but its revenue is still not as good as that of Macy’s.”

  As a Fortune 500 company, Macy’s Department Store has sales of more than 20 billion U.S. dollars and more than 100,000 employees.

  The most important thing for being selected as one of the world's top 500 companies is to meet sales standards.

  The sales of Domino’s Pizza is far less than that of Macy’s.

  Last year, Messi’s sales volume was 24.892 billion U.S. dollars, while Domino’s Pizza’s sales volume was only 1.425 billion U.S. dollars.

The difference between    is very large.

  The influence of the two, the driven GDP, and the jobs are not at the same level.

   Although the market value of Messi’s department store will be surpassed by Domino’s Pizza in the future, the influence of Messi’s is still far greater than Domino’s Pizza in the future.

  Luo Baowen asked again: “Boss, how much do you plan to acquire Domino’s Pizza from the Monaghan family at a premium?”

  Wang Guanxi: "I knew after talking about it, the premium should not exceed 100%"

  ··

  At this moment, Domino’s Pizza headquarters in Ann Arbor, Michigan, northern Ohio. ·

  The Monaghan family gathered together to discuss the sale of Domino’s Pizza to Macy’s.

  Everyone is arguing.

  This Domino’s Pizza Company is a family business of the Monaghan family. It has been in business for half a century. How can it be sold as soon as it is sold?

  But the current head of the Monagan family still resolutely sold Domino’s Pizza.

  This Macy’s is a Fortune 500 company. Like Ford Motor Company, Huntington Bank, and Fifth Third Bank, it belongs to a small consortium that has emerged.

  Don’t look at it, this small consortium has a lot of debt, but the crisis has passed, and it will become stronger in the future.

  This Macy’s department store will also enter the food delivery service market and will compete with Domino’s Pizza. To be honest, he has no confidence and feels no need to fight both sides with the Macy’s department store.

The head of the Monaghan family, Rocky Monaghan, controls 50% of Domino’s Pizza. Opponent Tom Monaghan and his son-in-law Patrick Doyle control only 10% of the shares. .

invalid objection.

Rocky Monaghan said: "Tom Monaghan, Patrick Doyle is now the family business I have not been in charge of. It is the two of you who are running it. Look at the current market value of less than 300 million U.S. dollars. To be honest, I am still not optimistic about your digital transformation"

Although Rocky Monaghan is the chairman of Domino’s Pizza Company, Rocky Monaghan has other industries of his own, all of which he is interested in. Therefore, he usually does nothing at Domino’s Pizza. The younger brother, vice chairman Tom Monaghan, and Tom Monaghan's son-in-law Patrick Doyle manage the company.

  Tom Monaghan said: "You can sell the stock, but I don’t plan to sell it."

  Patrick Doyle is silent. There is no place for him to speak. Although he is now the vice president and married the daughter of Tom Monaghan, he is not seen by Rocky Monaghan in the family.

  Rocky Mona: "It's up to you, anyway, I intend to sell the control of the company, and I don't want to continue to hold the shares of Domino's Pizza."

As a well-known global chain pizza brand established in 1960, Domino’s Pizza encountered an unprecedented crisis in 2008. Its stock price fell to an all-time low, and its pizza sales were also very sluggish. Now in 2009, the economy is in recession. As the largest shareholder, Domino’s He intends to continue to hold it, cash out the funds and invest in his own hobby business.

  Tom Monaghan: "Then I will go to Ohio with you"

So Rocky Monaghan, the head of the Monaghan family, his younger brother Tom Monaghan, and Tom Monaghan's son-in-law Patrick Doyle personally came to Columbus, Ohio, to talk to Wang Guanxi price.

  Rocky Monaghan opened his mouth: "Mr. Wang, the premium is 100%"

  Wang Guanxi said: "No, I plan to buy 50% of the equity. The current market value is 270 million US dollars, 50% of the equity, and the market price is 135 million US dollars. How about I give you 180 million US dollars?"

  Rocky Monaghan thought for a while and said: "200 million dollars will do."

  Wang Guanxi smiled and said: "The deal, then 200 million US dollars."

  Then Wang Guanxi used the No. 1 Fund to pay $200 million to Rocky Monaghan and obtained 50% of Domino’s Pizza.

  Wang Guanxi donated 50% of Domino’s Pizza Company to the Crown Charity Foundation.

  Rocky Monaghan left contentedly.

   And Tom Monaghan and Patrick Doyle stayed behind, along with Nathan Messi and Roland Messi.

  Wang Guanxi said: "Two of you, you can still stay in Domino's Pizza Company and continue to be in charge of this company. I will arrange for several executive directors and the chief financial officer to enter the company."

  In fact, Domino’s Pizza will have a market value of up to 20 billion US dollars in the future, mainly due to Patrick Doyle’s CEO.

  Tom Monaghan is mediocre, but he has a very capable son-in-law.

Thinking of this, Wang Guanxi said: "Tom Monaghan will serve as chairman and Patrick Doyle will serve as chief executive officer. I will arrange for two executives from Messi's department store to enter Domino’s Pizza as executive directors. , Arrange for a financial officer of the bank to enter the company as the chief financial officer!"

  Tom Monaghan and Patrick Doyle quickly agreed.

   Then Wang Guanxi said: “Rename Domino’s Pizza Company to Messi’s Pizza Company, responsible for the pizza delivery business, while Messi’s department store is still an old business”

   "Yes, BOSS!"

  Then Domino’s Pizza Company announced that it was renamed Messi’s Pizza Company.

  At present, he does not plan to merge the two companies. It is good to operate separately. Messi’s Pizza will continue to focus on the delivery of pizza in the future.

  After Domino’s Pizza Company changed its name to Messi’s Pizza Company, it caused quite a stir in Michigan.

  "How did Domino’s Pizza Company change its name to Messi’s Pizza Company?"

   "Oh my God, this Macy's department store is terrible!"

   "I thought Macy’s department store would go bankrupt before, but I didn’t expect to start buying pizza companies. I am used to eating Domino’s pizza, and suddenly I changed the name and I was a little uncomfortable."

   "This is probably the acquisition prompted by the largest farmer in Ohio behind the scenes."

  "Is the new retail empire going to rise?"

   "No, the retail empire of Macy's has not declined, but it has become more prosperous in the hands of the new owner."

  ··

  At night, Wang Guanxi, Luo Baowen, Zhang Xiaolei, Jennifer Lawrence, Ford Ingrid and others ate pizza in the manor.

  This is a pizza specially delivered by Messi’s Pizza Company, made by the best chefs.

  The taste is really great, everyone is satisfied, and we are discussing opening more stores.

  Anyway, Wang Guanxi has five banks and a steady flow of corporate funds.

  So the next day, Fifth Third Bank, Huntington Bank announced that it had loaned 100 million U.S. dollars to Da Messi Pizza Company, and Messi Pizza Company will continue to increase the number of stores to 9,000, and plan to increase to 10,000 stores worldwide by 2012.

  Half of them will be opened in the United States.

  This is to increase employment. You have to know that to open a pizza restaurant of about 100 square meters, there are 2 back chefs, 2 front desks, 2 to 3 waiters, and roughly 6-7 people are needed.

  Increase 1,000 stores, and 7,000 people will be employed.

  The Michigan State Government, Ohio, expressed support.

  (End of this chapter)