The Watsons personal care chain has a branch in the mainland, and the branch boss is Luo Jun.

As soon as the storm began, Luo Jun reported to the headquarters on the one hand, and seized the time to do crisis public relations.

Of course it is his responsibility to have something happened on the territory he is responsible for.

In normal times, I usually say hello to those Weibo bloggers in private, stuff some red envelopes, and things will be over.

But this time the development of the matter was a bit difficult for Luo Jun to understand. Every blogger and media reporter contacted by the company's public relations department shook his head and said that he couldn't help.

The company directly contacted Sina Weibo and asked to delete the influential blog post, but was also decisively rejected.

This is someone making trouble!

Luo Jun was thinking, but he was just a branch boss, and his ability was really limited and he couldn't solve this problem. He could only wait for the notification from the headquarters.

...

The parent company of Watsons Group, namely Hehuang Industry.

Hutchison Whampoa Group Managing Director Hutchison Whampoa Group is the "working emperor" who makes the most money in Xiangjiang. His annual salary is HK$274 million and his average monthly salary is HK$22.83 million.

If calculated based on the average daily 12 hours, every minute he works, his bank account can earn more than HK$1,040, and his daily salary reaches HK$750,000.

This person is Li Chaoren's absolute confidant, his left and right hands!

Just look at his position in a company under Li Chaoren, you can tell how much Li Chaoren trusts him, or at least one-third of the achievements of the Li family in Xiangjiang can achieve today were made by Huo Jianning.

Changjiang Infrastructure Group Co., Ltd. - Executive Director and Vice Chairman

Changjiang Industrial (Group) Co., Ltd. - Director

Hong Kong Electric Light Group Co., Ltd. - Chairman

Hutchison Whampoa Co., Ltd. - Managing Director of the Group

Hutchison Telecom International Co., Ltd. - Chairman

Hutchison Port Mainland Co., Ltd. - Chairman

Hutchison  munications  (Australia)  Limited  ——Chairman

Partner  Communications  Company   Ltd  ——Chairman

Husky Energy Corporation - Director

...

Huo Jianning joined Changjiang Industrial in 1979 and has been around for more than 30 years today. His fame battle in his career was to split Orange and go public and successfully cash out.

He reselled Orange at the end of 1999, successfully earning more than HK$160 billion in profits for the group, creating a myth.

This time, the Watsons' storm was so big that it alarmed the "working emperor".

Li Chaoren plans to take action against Watsons Group, and Huo Jianning knows this. At this critical moment, Watsons has caused such a big storm. Isn’t this embarrassing for himself!

"What did you do? The store operation has been done by you. How can I explain it to the board of directors!" Huo Jianning called Huo to the office and scolded him.

"Uncle San, it's not my fault. Our store management is OK in Xiangjiang. You know that it's not my direct control over that place." Huo Hao repeatedly shouted for injustice.

"Shut up! Call me Mr. Huo in the company." Huo Jianning said with an unexpected expression.

"Yes, yes, Mr. Huo." Huo nodded quickly.

"I don't care about anything else. Who will take responsibility? You will negotiate within your group. Just one thing is to calm down this matter quickly. Otherwise, you will not be able to get better!" Huo Jianning glared at Huo Hao and ordered.

Huo understood the truth and immediately held a meeting of group executives after receiving the order to return to Watsons Group.

The position of president of Watsons Group is now empty, so the senior vice president of operations of Huo is actually the number one person.

"Someone must be responsible for this matter so that this matter can be quickly calmed down. At the same time, this can be considered an explanation to the public." Huo Hao looked at the general managers of the operations of various major regions under his eyes.

After hearing this, everyone looked at Luo Jun, general manager of mainland operations.

The matter started from the mainland, and the mainland netizens participated the most online. Now they are going to launch a scapegoat, so of course it is Luo Jun.

Luo Jun looked bitter. He had been joining Watsons for seven or eight years. All the shops in the mainland were developed by him and others. There was also hard work without credit.

Moreover, the store management system was issued by the group, and it is just an executor.

"Mr. Huo, is this true..." Luo Jun was interrupted by Huo as soon as he spoke.

"Mr. Luo, I know you are wronged in this matter. But the group has no choice. Don't worry, the group will not forget your contribution. In this way, if you resign yourself, the group will still give you enough compensation, and it will also look better in terms of face." Huo Hao said hypocritically.

The senior official is to crush someone to death. Luo Jun is only the head of the region, while Huo Hao is the leader of the group. What can he do?

Soon, Watsons Group issued an announcement:

Apologize to consumers

Due to poor management of the operation department in mainland China, the store service was deviated. Mr. Luo Jun, general manager of the company's mainland operation, has resigned. On the other hand, the group will also improve the service status of the stores in mainland China as soon as possible and strive to satisfy more consumers.

Of course, this statement cannot satisfy all consumers, but at least, the leaders of Watsons Group headquarters will not be so passive when facing the questions from the directors on the Whampoa Board of Directors.

In this case, Meigo.com and Temasek submitted an acquisition offer to Hutchison Industrial, intending to acquire Watsons Group's "personal care chain (Asia Pacific), "Watsons Distilled Water Company" and "Bajia Supermarket"!

Watsons’ personal care chain is mainly concentrated in the Asian region, with more than 1,700 branches in more than a dozen countries and regions, and nearly 600 stores in the mainland alone.

Jiajia Supermarket, the top three supermarket chain in Xiangjiang, is doing pretty well in the mainland, especially in the South China region.

Watsons' distilled water is amazing. It started to produce distilled water in 1903 and is now the world's largest distilled water manufacturer. Moreover, the company's products include Watsons' distilled water, Watsons' drinking mineral water, Watsons' soda series, Watsons' soda, Mr. Juice frozen juice, Xinqis juice and soda, etc.

The prices offered by these three branches, Hwangmeng, are $3 billion in personal care chains, $2.5 billion in Bazaar Supermarket, and $3 billion in Watsons Distilled Water Company.

Is this expensive? It is hard to say whether it is worth it in terms of revenue and profit.

However, these physical industries have been severely suppressed by the Internet in recent years, and their value has declined year by year compared with previous years.

This is also why Li Chaoren contacted many consortiums in private but has not handled Watsons yet.

Because many people no longer look forward to these supermarkets and chain stores.

Especially in the mainland, physical stores have been hit hardest by Internet e-commerce, and many cities have seen a wave of store closures.

Just so happens that the main markets of Bazaar Supermarket and Watsons personal care chain are still concentrated in the mainland and have been affected the most.

Many people are worried that if they take over these stores, they will go bankrupt in less than two years!

Even though one party wanted to buy and the other party wanted to sell, the closed-door negotiation lasted for a full ten days.

During this period, Li Chaoren and Huo Jianning also took part in person, but Wang Ye insisted that he could only give 2.5 billion US dollars to Watsons' personal care chain store, not even an extra point!

"Mr. Wang, you have Modu Jiahua, Fuhua Cosmetics Company, and Meigou.com, so it is very suitable for you to acquire Watsons' personal care chain store." Huo Jianning said with a smile.

"If it is not suitable, I will not buy it, but this price has exceeded the real value of these stores. As far as I know, all of your Watsons' stores are renting. If the contract expires and the mall does not renew the contract, most of the stores will have to be closed." Wang Ye did not let go at all.

"How could it be that we don't renew the contract? Our Watsons are quite famous, haha." Huo Jianning said confidently.

Wang Ye also knew about Watsons’ condemnation online recently, but he was too lazy to use this as an example.

Such a small storm is impossible for a large company to cause trouble.

"For this acquisition, too much time has been wasted. Now I am presenting a final offer on behalf of the USG.com, which will acquire 1,700 Watsons chain stores in Asia for US$2.5 billion."

Wang Ye said calmly, and then added: "Please note that this is the last offer! If you don't accept it, I will immediately return to Pengcheng and set up my own chain store. I believe that in the mainland, my influence is still greater than that of Watsons."

Huo Jianning and Li Chaoren's expressions changed slightly. Of course, they knew what Wang Ye meant. They also knew about Wang Ye's information.

Not to mention Wang Ye has so many cosmetic brands, but his identities as directors of Starlight Commercial Real Estate and directors of Wanfeng Real Estate Group are enough to pose a great threat to Watsons.

If Wang Ye really set up a cosmetics chain store by himself and squeezed Watsons away in each shopping center, or adjusted the location to a relatively poor place, then Watsons would be greatly damaged.

"We Temasek also made our last offer. The package price of Gambling Supermarket plus Watsons' Distilled Water Company is 5 billion US dollars." Li Guanghua also spoke.

Li Chaoren and Huo Jianning looked at each other, then said, "Let's do it today. We need to go back to convene the board of directors and discuss the price you have proposed."

That night, the top floor of the office building of Hehuang Industrial Headquarters was brightly lit and not turned off all night.

The company's directors and major shareholder coefficients were present to discuss the acquisition quotations of Meigo.com and Temasek. Now it is the last moment, and shareholders need to vote.

"My personal suggestion is to agree to their price. Although this price is lower than we expected, everyone can see that the physical channels have indeed been shrinking in the past two years. Wang Ye is right. Perhaps in another year or two, Watsons and Baijia will not be as valuable as it is now."

Li Chaoren explained frankly to all shareholders.
Chapter completed!