"It seems that Mr. Li has made adequate preparations. We at Carrefour admit that the areas you proposed are all our shortcomings. We are also willing to seriously consider your quotation, but we also have our own requirements."

Bloomberg paused, looked directly at Chen Dongcheng and the others and said: "We do not accept a wholly-owned acquisition and must retain 20% of the shares."

Li Changqing was about to argue, but Chen Dongcheng stopped him with his hand.

"I agree, but Carrefour Group only has one seat on the board of directors."

"We have no other objections. Carrefour China will hand it over to Mr. Chen from now on."

Peng Boqiang is very decisive. Compared with other hesitant buyers, Donghua Fund is the only one who is ready with real money to discuss cooperation.

"I believe this is the wisest decision your group has ever made!" Chen Dongcheng shook hands with Peng Boqiang.

Once the two big bosses reach a consensus, the rest will be much easier.

It is nothing more than the division of equity and the division of board seats.

The result of the negotiation is that Carrefour's China subsidiary will transfer 80% of its shares to Chen Dongcheng.

Carrefour's European headquarters only holds 20% of the shares.

In terms of valuation, Chen Dongcheng made some compensation, calculated based on US$1 billion.

Compared with Li Changqing's initial offer, the price was increased by US$100 million, which made Peng Boqiang look much better.

"As soon as we finish taking photos, I need to go back to Europe to report to the board of directors."

After Peng Boqiang shook hands with Chen Dongcheng and took photos, he hurried back.

As soon as he left, Tang Jianian shook his head as if resigned to his fate.

He knew without even thinking that Chen Dongcheng would definitely lay him off.

These foreigners with Chinese names are typical people who make money from the Chinese people but look down on the Chinese people.

Just from the composition of Carrefour's senior management, we can tell one or two things.

All domestic regional presidents and headquarters executives are all white-skinned Europeans.

In the beginning, they could still make a living by taking advantage of Europe's mature business model.

As time goes by, their problems of being indecisive and missing opportunities will become more and more obvious.

Once the Chinese learn from one example and start counterattacking, they will be defeated.

Chen Dongcheng had no intention of talking nonsense to them. He had to quickly help Carrefour China find a new helmsman.

As for who will be at the helm, Mr. Chen has already chosen it before.

…

"Wenyuan, here."

Chen Dongcheng sat in a corner of the coffee shop and waved to Chen Wenyuan who had just walked in.

Chen Wenyuan came over with a smile, shook hands with Chen Dongcheng before taking his seat, and asked curiously: "Mr. Chen, did you ask me to come?"

"No rush."

Chen Dongcheng called the waiter and asked with a smile: "What do you want to drink?"

Chen Wenyuan had no choice but to suppress his curiosity and said to the waiter: "Just a latte."

After ordering coffee, Chen Dongcheng asked a question first.

"If you were asked to operate a foreign-funded retail group with a history of more than 20 years, complex internal factions, and even more chaotic equity, what would you do?"

Chen Wenyuan's heart suddenly beat violently, and he looked at Chen Dongcheng in surprise.

He was a little confused about what Mr. Chen meant.

Chen Wenyuan sorted out his thoughts before speaking: "If I were asked to serve as president, I would first clean up the internal affairs, reduce the proportion of foreign executives, and provide domestic talents with channels for promotion."

"While working at Wal-Mart, I discovered that these foreign-funded companies have a very distinctive feature."

"That means trusting our own people unconditionally. They don't take the Chinese market seriously at all."

"This situation exists not only at Carrefour, but also within Walmart, but it's just not very obvious."

Chen Dongcheng nodded lightly. He was indeed the talent he had chosen. He immediately guessed that the company he was talking about was Carrefour.

“Carrefour’s management can be described as extremely stupid. First of all, their strategy is lazy and they have no sense of crisis.

They have procurement and distribution centers in other countries, but not in China.

At the same time, among all the retail companies entering China, only Carrefour does not have a procurement and distribution center.

I think it may be a group of self-righteous executives who are still basking in their early glory, but they don't know that they are on the verge of destruction."

Chen Wenyuan's tone was a little mocking, but also a little disappointed.

“In the early days, talents from Carrefour were called the Whampoa Military Academy in the retail industry, and they were the ones that various retail companies competed for.

Unfortunately, following those pig-headed mistakes, Carrefour made several big mistakes one after another.

If you wake up early and delegate too much power to the store manager, corruption and other things are common.

I want to clean it up, but the store manager loses his enthusiasm.

A large number of store managers have left, creating a talent vacancy.

Annual sales have begun to decrease year by year.

It was only in 2015 that they realized the importance of self-built distribution.

But it's too late, all competitors have already established complete distribution channels.

They want to build their own supply chain system, but it is impossible to rely solely on their own blood production.

The parent company is short of funds, so short-term blood transfusion is impossible.

We can only continue like this, building one after another.

Let me tell you, you'd better not get involved in the Carrefour pit, the water inside is too deep."

Chen Wenyuan had good intentions. He guessed that Chen Dongcheng might be interested in Carrefour's shares and did not want to let this future partner get into trouble.

"It's late."

"What's too late?"

Chen Dongcheng smiled and put his cell phone on the table and pushed it in front of Chen Wenyuan.

"Just this morning, we just signed a contract, and I became the big boss of Carrefour's Chinese subsidiary, with absolute control."

"What?"

Chen Wenyuan was stunned. The photo on his phone was exactly the photo of Chen Dongcheng and Peng Boqiang shaking hands and smiling at each other.

Then Chen Wenyuan's heartbeat accelerated again, thinking about Chen Dongcheng asking him just now how to deal with Carrefour's internal problems.

Combined with the special invitation to him for coffee, it is sending a signal.

Chen Dongcheng wants to poach him!

Chen Wenyuan suddenly hesitated. Compared with Carrefour, Wal-Mart is larger and has less trouble.

If nothing else, if he waits a few more years, he should be able to get promoted.

"I plan to hire you as the president of Carrefour's Chinese subsidiary. As for the annual salary, it's up to you. How about it?"

Chen Dongcheng directly threw Wang Zha, not following the routine, and was very decisive and straightforward.

Even the position of president of Carrefour division may not impress Chen Wenyuan.

But now that Chen Dongcheng offered the position of president of Carrefour China, Clerk Chen was immediately moved.

In other words, only fools will not be tempted.

Putting aside the annual salary, this position alone is enough to make Zhang Wenyuan tempted.

It took him many years to climb to the position of head of Wal-Mart's China hypermarket.

If you go higher up, you have to wait for Yue Mingde, who is above, to abdicate or be promoted.

According to the current situation, I don't know how many years.

Three years?

Or five years?

Now there is an opportunity for him to take charge of a retail group with more than 200 stores.

This kind of temptation is simply fatal.

Chen Wenyuan smiled bitterly and said: "You are really posing a difficult problem for me. I want to know about your shareholdings."

"I hold 80% of the shares, and Carrefour Group only holds 20%."

Chen Dongcheng answered truthfully and was even more impressed with Chen Wenyuan.

It is rare to be able to resist your desires and understand the situation before making a decision.

Chen Wenyuan felt a lot more at ease, at least Chen Dongcheng had absolute control.
To be continued...