Chapter 471: 471
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On Janet's birthday, the couple flew to Miami together.
Taking advantage of the downturn of the real estate industry in the United States, Janet bought a 6 hectare waterfront land in North Palm Beach of Miami last year. The land is located in a high-end wealthy area, with golf course in the north, private beach in the East and a forest park in the south, which is a golden area.
If it wasn't for the cold winter of the real estate industry that the developers had to cut back on their development plans, and the buyer was Simon westrow, who could bring great fame to the rich area, this plot, which is enough to build seven or eight luxury houses, would not be sold in packages.
Even so, only the transaction price of the six hectares of land has reached US $10 million.
Janet plans to invest another 20 million US dollars to build a waterfront villa. The main villa started last year, and the whole villa will be completed in the second half of next year.
As a transition, Janet also bought a 1.5-acre mansion next to the manor, which is planned to be directly incorporated into the manor after the completion of the manor.
Because the news of Simon buying a property in this rich area came out, only in the past year, the surrounding house prices have increased by 20%.
Several properties around Simon manor have become the target of many people's rush to buy, and the quotation even exceeds the average house price of the rich area. Smart developers also take the properties around Simon manor as signboards, and hope to sell them to more rich celebrities, so as to further enhance the popularity of this rich area.
Shopping, fishing, partying Janet has a colorful holiday schedule from Friday to Sunday.
The couple returned to New York on Monday, March 16.
Sophia fishy hasn't left yet.
Sophia's offer to CK on Saturday was US $50 million, of which US $40 million was used to buy 55% of the shares held by CK shareholders, and US $10 million was injected into CK as a loan to ease the cash flow pressure of the company.
In addition, Sofia also promised that after the completion of the acquisition of CK, melisandro company and the whole westero system will provide the company with channel, legal, marketing and other resources to help CK quickly reverse the dilemma and further develop.
In addition to family infighting, many of the problems faced by CK at this time are similar to the original Gucci, and the rapid rise of Gucci can be seen by everyone.
Sofia offered a low price, but it was not harsh. It also reserved 45% of CK's shares for other shareholders to appreciate in the future.
As a result, although only 24 hours were given for consideration, Calvin Klein, the founder of CK, and the company's board of directors accepted melisandro's offer at the last minute after several unsuccessful attempts.
The news of the deal made an important page in the New York Times on Monday.
After Gucci, Chateau Latour and van clenburg, melisandro once again pocketed a well-known luxury brand and continued to take a step further towards the goal of a comprehensive luxury group.
CK is not a public company.
However, with the announcement of the news, the bankruptcy haze over CK has been swept away, and the media from all sides have reported that even the sales of CK products have increased significantly. The attitude of the brand licensors who have been entangled with CK has also eased down. Although they are more reluctant to let go of the licensing, they are willing to make corresponding concessions in terms of licensing fees.
Simon did not return to the west coast this week, but joined Janet in cersei capital's next phase of development planning.
First, cersei, a hedge fund.
After the completion of the operation of the oil market last year, cersei fund management company faced a problem of "transformation".
In order to avoid possible targeting of the whole westrow system, cersei fund management company will try to reduce the macro hedging that may affect a country's economy.
In fact, after the fall of the Berlin Wall, cersei's analysts predicted a reshuffle of the European monetary system.
In 1979, led by Germany and France, the eight countries of the European community established a European monetary system to fight against the US dollar. This system established a relatively fixed exchange rate exchange mechanism according to the strength of the countries at that time. Britain, which had always been "independent", did not announce its accession until 1990.
However, after the merger of East and West Germany, Germany's economic strength has greatly increased. It is very unfair for Germany to continue to maintain the original exchange rate system. In order to attract the British to join the European monetary system two years ago, the exchange rate of the pound was obviously overvalued, which created a strong imbalance that needed to be reshuffled.
Of course, Britain, which has taken advantage, certainly does not want to reshuffle the cards, which requires some external forces to promote.
In the original time and space, Soros's quantum fund launched an attack on the pound in September 1992, which ended with the sharp depreciation of the pound, Italian lira, Spanish peseta and other European currencies.Soros made a net profit of US $1 billion in this currency sniping, which made him famous in the first World War. Quantum funds and other hedge funds involved in sniping the pound are also making a lot of money.
On the other hand, the result is that Britain withdrew from the European monetary system after the pound crisis, the European community suffered heavy losses, and the status of the US dollar was further strengthened.
Not to mention the deep-seated power game involved in this, cersei capital, with Simon's advantage as a prophet, can now lay out the European currencies ahead of time and slowly establish short positions in the pound, lira and other currencies that are bound to plummet.
However, the westero system is not as pure as the quantum fund. Once it is done, cersei capital may make a lot of money. However, the whole westero system will definitely encounter hostility and targeting from European countries in the future. In the future, other businesses will not be able to do well.
Therefore, after reading the relevant reports of cersei capital analysts, Simon personally said that cersei capital would not be allowed to participate in this operation.
With quantum funds in the front, cersei capital won't attract much attention even if it makes a profit from small and medium-sized enterprises. However, there is no need to dip into oil for the sake of some residual soup and water.
Of course, the most important thing is that cersei fund management company has a more appropriate goal.
Technology stocks!
The wave of new technology with the Internet as the core has risen ahead of time. Recently, the stock prices of new technology companies such as Microsoft, Intel, Oracle, Cisco and AOL are rising rapidly. However, according to the information in memory, Simon is very clear that the stock prices are far from reaching the craziest moment.
Therefore, now is definitely the best time to enter the market and do long US technology stocks.
In the original time and space, Tiger Fund, which followed quantum fund to kill all sides in Southeast Asia in 1997, went into liquidation in the following two years because of bets on shorting technology stocks. Tens of billions of US dollars lost more than 80% in just two years. Hedge fund is a kind of zero sum game. In fact, the case of liquidation of old tiger fund also proves the necessity of long technology stock market at that time How profitable hedge funds are.
It may be a few years before the craziest period of technology stocks, but with the overall trend of the Nasdaq market, it will still be very profitable to enter the market and be long now.
More importantly, there is no strong political risk for macro hedging such as speculating in a country's currency. NASDAQ technology stock market has a total market value of trillion US dollars, which is enough for cersei fund management company to gallop freely.
On Fifth Avenue.
It's already March 18, Wednesday.
Simon and Janet come home from cersei capital headquarters in the middle of the city. Sophia also comes to visit them. When they stay for dinner, they talk about some things about CK.
Although the two sides have reached a basic agreement and formally signed the acquisition contract, melisandro needs to conduct a more detailed operation and financial audit of CK to ensure that there will be no unexpected debt and legal disputes. If all goes well, the acquisition will be completed by the beginning of next month at the latest.
"After the acquisition, CK's main focus will be on the three product lines of men's and women's haute couture, jeans and underwear. Although haute couture will compete with Gucci to a certain extent, on the whole, it can enrich the diversity of melisandro's fashion business. Jeans and underwear businesses are more important, which is also my original intention to acquire CK, because these two product lines are areas that Gucci has not set foot in. " In the
restaurant, Simon listened to Sophia's introduction and said, "at the last party, Klein said that the sales of CK perfume products were also good."
Sophia shook his head and said, "perfume business accounts for only about 5% of the total sales of CK, and it is difficult to compete with Dior, Chanel and other brands. This product line will not be cancelled, but it will not invest more. Our focus in recent years is to develop Gucci's perfume business. "
Janet, who habitually sits next to Simon, asks, "what about brand licensing?"
Sophia said: "it's a bit complicated. In the 1980s, CK awarded pajamas, swimsuits, glasses, socks, shoes, household products and many other product categories. It's very difficult to get all of them back, especially after melisandro took over CK. However, these authorizations will expire within five years at the latest. My goal is to cancel some authorizations as much as possible through negotiation, which can't be recovered, and to ensure the quality of authorized products to the greatest extent, so as not to affect the brand image of CK. "
Simon added: "if you make sure the company doesn't have a big problem, you can arrange some CK brand exposure for the Oscar at the end of the month."
"I'm already in touch," Sophia nodded, looked at Janet again, and asked, "how's the talk about the Ltd acquisition?"
Ltd is a common abbreviation of limited brands, the parent company of Weimi.
"Recently, both KKR and Blackstone are interested in LTE. There may be a bidding war. If the final price is too high, we have to quit," Janet said
KKR is the private equity company that created the record breaking Reynolds nabesk merger a few years ago. Blackstone is not to mention the old owner of BlackRock asset management company that Lawrence Fink is now in charge of.Both companies are the top private equity firms on Wall Street.
In February, the acquisition negotiation started quietly, and the two sides failed to reach an agreement after several contacts. Then, the news inevitably leaked out.
Although the LTE side firmly denies that it leaked the information, the fact is obvious.
Affected by the disclosure of the acquisition news, the stock price of Ltd has also risen significantly recently, and the recent market value has exceeded 1.5 billion US dollars.
KKR and Heiyan have not yet made an official offer, but it is clear that once the two companies make a move, a bidding war will be inevitable, and the planned goodwill acquisition will be out of the question.
On cersei's side, Apollo management's acquisition team has readjusted its acquisition plan, raising the upper limit of bidding for Ltd to US $2.5 billion, a full increase of US $800 million compared with the expected transaction price of US $1.7 billion at the initial goodwill acquisition stage.
Even if the two competitors are eyeing each other, they are not determined to win.
However, the acquisition team has already secretly absorbed 4.9% of the shares of Ltd group. Even if the acquisition really fails, cersei capital is not in vain after cashing out the shares.
In Simon's memory, the peak market value of Ltd group once exceeded 20 billion US dollars.
Even if we buy the company with us $2.5 billion now, according to the holding cycle of private equity companies, with the rising trend of the US economy in the next five years and the development potential of Ltd itself, Simon also believes that in five years, the share price of Ltd group can at least ensure a 100% doubling growth.
Five years, the average annual return of 20%, such a return on investment for private equity is not low.
Simon returned to Los Angeles the next day, in late March. The 64th Academy Awards ceremony, which will be held on March 30, is approaching.
According to the voting process, the judges of recent Oscar Awards have sent their votes, and the award results are basically settled.
Danielis Entertainment's two major nominations this year, "farewell to the piano" and "crazy flowers at the end of the road" are destined to be just running. Other nominations, such as the best documentary feature film of "ice and snow world" and the best foreign language film of "red lantern hanging high", have not invested much effort in public relations.
It was destined to be a quiet year for danielis entertainment in the awards.
Among the total 22 nominations of danielis entertainment, Holly hunt, the heroine of farewell to the piano, is the only one with more guarantee.
Relying on her brilliant performance in farewell to the piano, the actress's nomination for best actress is simply popular. Moreover, compared with other candidates, Holly hunt also has a lot of contacts in Hollywood. You know, the actress was Spielberg's girlfriend.
ICM, the brokerage company of holly hunt, has also invested a lot of resources and contacts in public relations in order to obtain the golden man.
Easter in 1992 was on April 19. One month ahead of schedule, Denise Entertainment's key project of this year's Easter, Ninja Turtle 2, entered the stage of sprint publicity.
Simon is quite satisfied with the production effect of Ninja Turtle 2. However, the box office of several Ninja Turtle sequels released by the original space-time zhongxinxian in the 1990s has plummeted continuously, which also makes him worry about the box office performance of this sequel.
If not, the final cost of the sequel is only $30 million, and it needs to cooperate with Blizzard studio's Ninja Turtle series games, Simon has considered canceling the production of the sequel like "flying over innocence".
"Ninja Turtle" did not strike while the iron was hot immediately after its first song was released in 1990, and a sequel was launched last year, also because of Simon's worries.
In the final analysis, although ninja turtle is well-known, its IP image tends to be younger. After the initial novelty, adult audiences are easy to lose interest in the sequel. For the children's audience, even if the film itself has achieved PG level, the real ninja turtle is not as popular as the cartoon.
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On Janet's birthday, the couple flew to Miami together.
Taking advantage of the downturn of the real estate industry in the United States, Janet bought a 6 hectare waterfront land in North Palm Beach of Miami last year. The land is located in a high-end wealthy area, with golf course in the north, private beach in the East and a forest park in the south, which is a golden area.
If it wasn't for the cold winter of the real estate industry that the developers had to cut back on their development plans, and the buyer was Simon westrow, who could bring great fame to the rich area, this plot, which is enough to build seven or eight luxury houses, would not be sold in packages.
Even so, only the transaction price of the six hectares of land has reached US $10 million.
Janet plans to invest another 20 million US dollars to build a waterfront villa. The main villa started last year, and the whole villa will be completed in the second half of next year.
As a transition, Janet also bought a 1.5-acre mansion next to the manor, which is planned to be directly incorporated into the manor after the completion of the manor.
Because the news of Simon buying a property in this rich area came out, only in the past year, the surrounding house prices have increased by 20%.
Several properties around Simon manor have become the target of many people's rush to buy, and the quotation even exceeds the average house price of the rich area. Smart developers also take the properties around Simon manor as signboards, and hope to sell them to more rich celebrities, so as to further enhance the popularity of this rich area.
Shopping, fishing, partying Janet has a colorful holiday schedule from Friday to Sunday.
The couple returned to New York on Monday, March 16.
Sophia fishy hasn't left yet.
Sophia's offer to CK on Saturday was US $50 million, of which US $40 million was used to buy 55% of the shares held by CK shareholders, and US $10 million was injected into CK as a loan to ease the cash flow pressure of the company.
In addition, Sofia also promised that after the completion of the acquisition of CK, melisandro company and the whole westero system will provide the company with channel, legal, marketing and other resources to help CK quickly reverse the dilemma and further develop.
In addition to family infighting, many of the problems faced by CK at this time are similar to the original Gucci, and the rapid rise of Gucci can be seen by everyone.
Sofia offered a low price, but it was not harsh. It also reserved 45% of CK's shares for other shareholders to appreciate in the future.
As a result, although only 24 hours were given for consideration, Calvin Klein, the founder of CK, and the company's board of directors accepted melisandro's offer at the last minute after several unsuccessful attempts.
The news of the deal made an important page in the New York Times on Monday.
After Gucci, Chateau Latour and van clenburg, melisandro once again pocketed a well-known luxury brand and continued to take a step further towards the goal of a comprehensive luxury group.
CK is not a public company.
However, with the announcement of the news, the bankruptcy haze over CK has been swept away, and the media from all sides have reported that even the sales of CK products have increased significantly. The attitude of the brand licensors who have been entangled with CK has also eased down. Although they are more reluctant to let go of the licensing, they are willing to make corresponding concessions in terms of licensing fees.
Simon did not return to the west coast this week, but joined Janet in cersei capital's next phase of development planning.
First, cersei, a hedge fund.
After the completion of the operation of the oil market last year, cersei fund management company faced a problem of "transformation".
In order to avoid possible targeting of the whole westrow system, cersei fund management company will try to reduce the macro hedging that may affect a country's economy.
In fact, after the fall of the Berlin Wall, cersei's analysts predicted a reshuffle of the European monetary system.
In 1979, led by Germany and France, the eight countries of the European community established a European monetary system to fight against the US dollar. This system established a relatively fixed exchange rate exchange mechanism according to the strength of the countries at that time. Britain, which had always been "independent", did not announce its accession until 1990.
However, after the merger of East and West Germany, Germany's economic strength has greatly increased. It is very unfair for Germany to continue to maintain the original exchange rate system. In order to attract the British to join the European monetary system two years ago, the exchange rate of the pound was obviously overvalued, which created a strong imbalance that needed to be reshuffled.
Of course, Britain, which has taken advantage, certainly does not want to reshuffle the cards, which requires some external forces to promote.
In the original time and space, Soros's quantum fund launched an attack on the pound in September 1992, which ended with the sharp depreciation of the pound, Italian lira, Spanish peseta and other European currencies.Soros made a net profit of US $1 billion in this currency sniping, which made him famous in the first World War. Quantum funds and other hedge funds involved in sniping the pound are also making a lot of money.
On the other hand, the result is that Britain withdrew from the European monetary system after the pound crisis, the European community suffered heavy losses, and the status of the US dollar was further strengthened.
Not to mention the deep-seated power game involved in this, cersei capital, with Simon's advantage as a prophet, can now lay out the European currencies ahead of time and slowly establish short positions in the pound, lira and other currencies that are bound to plummet.
However, the westero system is not as pure as the quantum fund. Once it is done, cersei capital may make a lot of money. However, the whole westero system will definitely encounter hostility and targeting from European countries in the future. In the future, other businesses will not be able to do well.
Therefore, after reading the relevant reports of cersei capital analysts, Simon personally said that cersei capital would not be allowed to participate in this operation.
With quantum funds in the front, cersei capital won't attract much attention even if it makes a profit from small and medium-sized enterprises. However, there is no need to dip into oil for the sake of some residual soup and water.
Of course, the most important thing is that cersei fund management company has a more appropriate goal.
Technology stocks!
The wave of new technology with the Internet as the core has risen ahead of time. Recently, the stock prices of new technology companies such as Microsoft, Intel, Oracle, Cisco and AOL are rising rapidly. However, according to the information in memory, Simon is very clear that the stock prices are far from reaching the craziest moment.
Therefore, now is definitely the best time to enter the market and do long US technology stocks.
In the original time and space, Tiger Fund, which followed quantum fund to kill all sides in Southeast Asia in 1997, went into liquidation in the following two years because of bets on shorting technology stocks. Tens of billions of US dollars lost more than 80% in just two years. Hedge fund is a kind of zero sum game. In fact, the case of liquidation of old tiger fund also proves the necessity of long technology stock market at that time How profitable hedge funds are.
It may be a few years before the craziest period of technology stocks, but with the overall trend of the Nasdaq market, it will still be very profitable to enter the market and be long now.
More importantly, there is no strong political risk for macro hedging such as speculating in a country's currency. NASDAQ technology stock market has a total market value of trillion US dollars, which is enough for cersei fund management company to gallop freely.
On Fifth Avenue.
It's already March 18, Wednesday.
Simon and Janet come home from cersei capital headquarters in the middle of the city. Sophia also comes to visit them. When they stay for dinner, they talk about some things about CK.
Although the two sides have reached a basic agreement and formally signed the acquisition contract, melisandro needs to conduct a more detailed operation and financial audit of CK to ensure that there will be no unexpected debt and legal disputes. If all goes well, the acquisition will be completed by the beginning of next month at the latest.
"After the acquisition, CK's main focus will be on the three product lines of men's and women's haute couture, jeans and underwear. Although haute couture will compete with Gucci to a certain extent, on the whole, it can enrich the diversity of melisandro's fashion business. Jeans and underwear businesses are more important, which is also my original intention to acquire CK, because these two product lines are areas that Gucci has not set foot in. " In the
restaurant, Simon listened to Sophia's introduction and said, "at the last party, Klein said that the sales of CK perfume products were also good."
Sophia shook his head and said, "perfume business accounts for only about 5% of the total sales of CK, and it is difficult to compete with Dior, Chanel and other brands. This product line will not be cancelled, but it will not invest more. Our focus in recent years is to develop Gucci's perfume business. "
Janet, who habitually sits next to Simon, asks, "what about brand licensing?"
Sophia said: "it's a bit complicated. In the 1980s, CK awarded pajamas, swimsuits, glasses, socks, shoes, household products and many other product categories. It's very difficult to get all of them back, especially after melisandro took over CK. However, these authorizations will expire within five years at the latest. My goal is to cancel some authorizations as much as possible through negotiation, which can't be recovered, and to ensure the quality of authorized products to the greatest extent, so as not to affect the brand image of CK. "
Simon added: "if you make sure the company doesn't have a big problem, you can arrange some CK brand exposure for the Oscar at the end of the month."
"I'm already in touch," Sophia nodded, looked at Janet again, and asked, "how's the talk about the Ltd acquisition?"
Ltd is a common abbreviation of limited brands, the parent company of Weimi.
"Recently, both KKR and Blackstone are interested in LTE. There may be a bidding war. If the final price is too high, we have to quit," Janet said
KKR is the private equity company that created the record breaking Reynolds nabesk merger a few years ago. Blackstone is not to mention the old owner of BlackRock asset management company that Lawrence Fink is now in charge of.Both companies are the top private equity firms on Wall Street.
In February, the acquisition negotiation started quietly, and the two sides failed to reach an agreement after several contacts. Then, the news inevitably leaked out.
Although the LTE side firmly denies that it leaked the information, the fact is obvious.
Affected by the disclosure of the acquisition news, the stock price of Ltd has also risen significantly recently, and the recent market value has exceeded 1.5 billion US dollars.
KKR and Heiyan have not yet made an official offer, but it is clear that once the two companies make a move, a bidding war will be inevitable, and the planned goodwill acquisition will be out of the question.
On cersei's side, Apollo management's acquisition team has readjusted its acquisition plan, raising the upper limit of bidding for Ltd to US $2.5 billion, a full increase of US $800 million compared with the expected transaction price of US $1.7 billion at the initial goodwill acquisition stage.
Even if the two competitors are eyeing each other, they are not determined to win.
However, the acquisition team has already secretly absorbed 4.9% of the shares of Ltd group. Even if the acquisition really fails, cersei capital is not in vain after cashing out the shares.
In Simon's memory, the peak market value of Ltd group once exceeded 20 billion US dollars.
Even if we buy the company with us $2.5 billion now, according to the holding cycle of private equity companies, with the rising trend of the US economy in the next five years and the development potential of Ltd itself, Simon also believes that in five years, the share price of Ltd group can at least ensure a 100% doubling growth.
Five years, the average annual return of 20%, such a return on investment for private equity is not low.
Simon returned to Los Angeles the next day, in late March. The 64th Academy Awards ceremony, which will be held on March 30, is approaching.
According to the voting process, the judges of recent Oscar Awards have sent their votes, and the award results are basically settled.
Danielis Entertainment's two major nominations this year, "farewell to the piano" and "crazy flowers at the end of the road" are destined to be just running. Other nominations, such as the best documentary feature film of "ice and snow world" and the best foreign language film of "red lantern hanging high", have not invested much effort in public relations.
It was destined to be a quiet year for danielis entertainment in the awards.
Among the total 22 nominations of danielis entertainment, Holly hunt, the heroine of farewell to the piano, is the only one with more guarantee.
Relying on her brilliant performance in farewell to the piano, the actress's nomination for best actress is simply popular. Moreover, compared with other candidates, Holly hunt also has a lot of contacts in Hollywood. You know, the actress was Spielberg's girlfriend.
ICM, the brokerage company of holly hunt, has also invested a lot of resources and contacts in public relations in order to obtain the golden man.
Easter in 1992 was on April 19. One month ahead of schedule, Denise Entertainment's key project of this year's Easter, Ninja Turtle 2, entered the stage of sprint publicity.
Simon is quite satisfied with the production effect of Ninja Turtle 2. However, the box office of several Ninja Turtle sequels released by the original space-time zhongxinxian in the 1990s has plummeted continuously, which also makes him worry about the box office performance of this sequel.
If not, the final cost of the sequel is only $30 million, and it needs to cooperate with Blizzard studio's Ninja Turtle series games, Simon has considered canceling the production of the sequel like "flying over innocence".
"Ninja Turtle" did not strike while the iron was hot immediately after its first song was released in 1990, and a sequel was launched last year, also because of Simon's worries.
In the final analysis, although ninja turtle is well-known, its IP image tends to be younger. After the initial novelty, adult audiences are easy to lose interest in the sequel. For the children's audience, even if the film itself has achieved PG level, the real ninja turtle is not as popular as the cartoon.
On Janet's birthday, the couple flew to Miami together. Taking advantage of the downturn of the real estate industry in the United States, Janet bought a 6 hectare waterfront land in North Palm Beach of Miami last year. The land is located in a high-end wealthy area, with golf course in the north, private beach in the East and a forest park in the south, which is a golden area. If it wasn't for the cold winter of the real estate industry that the developers had to cut back on their development plans, and the buyer was Simon westrow, who could bring great fame to the rich area, this plot, which is enough to build seven or eight luxury houses, would not be sold in packages. Even so, only the transaction price of the six hectares of land has reached US $10 million. Janet plans to invest another 20 million US dollars to build a waterfront villa. The main villa started last year, and the whole villa will be completed in the second half of next year. As a transition, Janet also bought a 1.5-acre mansion next to the manor, which is planned to be directly incorporated into the manor after the completion of the manor. Because the news of Simon buying a property in this rich area came out, only in the past year, the surrounding house prices have increased by 20%. Several properties around Simon manor have become the target of many people's rush to buy, and the quotation even exceeds the average house price of the rich area. Smart developers also take the properties around Simon manor as signboards, and hope to sell them to more rich celebrities, so as to further enhance the popularity of this rich area. Shopping, fishing, partying Janet has a colorful holiday schedule from Friday to Sunday. The couple returned to New York on Monday, March 16. Sophia fishy hasn't left yet. Sophia's offer to CK on Saturday was US $50 million, of which US $40 million was used to buy 55% of the shares held by CK shareholders, and US $10 million was injected into CK as a loan to ease the cash flow pressure of the company. In addition, Sofia also promised that after the completion of the acquisition of CK, melisandro company and the whole westero system will provide the company with channel, legal, marketing and other resources to help CK quickly reverse the dilemma and further develop. In addition to family infighting, many of the problems faced by CK at this time are similar to the original Gucci, and the rapid rise of Gucci can be seen by everyone. Sofia offered a low price, but it was not harsh. It also reserved 45% of CK's shares for other shareholders to appreciate in the future. As a result, although only 24 hours were given for consideration, Calvin Klein, the founder of CK, and the company's board of directors accepted melisandro's offer at the last minute after several unsuccessful attempts. The news of the deal made an important page in the New York Times on Monday. After Gucci, Chateau Latour and van clenburg, melisandro once again pocketed a well-known luxury brand and continued to take a step further towards the goal of a comprehensive luxury group. CK is not a public company. However, with the announcement of the news, the bankruptcy haze over CK has been swept away, and the media from all sides have reported that even the sales of CK products have increased significantly. The attitude of the brand licensors who have been entangled with CK has also eased down. Although they are more reluctant to let go of the licensing, they are willing to make corresponding concessions in terms of licensing fees. Simon did not return to the west coast this week, but joined Janet in cersei capital's next phase of development planning. First, cersei, a hedge fund. After the completion of the operation of the oil market last year, cersei fund management company faced a problem of "transformation". In order to avoid possible targeting of the whole westrow system, cersei fund management company will try to reduce the macro hedging that may affect a country's economy. In fact, after the fall of the Berlin Wall, cersei's analysts predicted a reshuffle of the European monetary system. In 1979, led by Germany and France, the eight countries of the European community established a European monetary system to fight against the US dollar. This system established a relatively fixed exchange rate exchange mechanism according to the strength of the countries at that time. Britain, which had always been "independent", did not announce its accession until 1990. However, after the merger of East and West Germany, Germany's economic strength has greatly increased. It is very unfair for Germany to continue to maintain the original exchange rate system. In order to attract the British to join the European monetary system two years ago, the exchange rate of the pound was obviously overvalued, which created a strong imbalance that needed to be reshuffled. Of course, Britain, which has taken advantage, certainly does not want to reshuffle the cards, which requires some external forces to promote. In the original time and space, Soros's quantum fund launched an attack on the pound in September 1992, which ended with the sharp depreciation of the pound, Italian lira, Spanish peseta and other European currencies.Soros made a net profit of US $1 billion in this currency sniping, which made him famous in the first World War. Quantum funds and other hedge funds involved in sniping the pound are also making a lot of money. On the other hand, the result is that Britain withdrew from the European monetary system after the pound crisis, the European community suffered heavy losses, and the status of the US dollar was further strengthened. Not to mention the deep-seated power game involved in this, cersei capital, with Simon's advantage as a prophet, can now lay out the European currencies ahead of time and slowly establish short positions in the pound, lira and other currencies that are bound to plummet. However, the westero system is not as pure as the quantum fund. Once it is done, cersei capital may make a lot of money. However, the whole westero system will definitely encounter hostility and targeting from European countries in the future. In the future, other businesses will not be able to do well. Therefore, after reading the relevant reports of cersei capital analysts, Simon personally said that cersei capital would not be allowed to participate in this operation. With quantum funds in the front, cersei capital won't attract much attention even if it makes a profit from small and medium-sized enterprises. However, there is no need to dip into oil for the sake of some residual soup and water. Of course, the most important thing is that cersei fund management company has a more appropriate goal. Technology stocks! The wave of new technology with the Internet as the core has risen ahead of time. Recently, the stock prices of new technology companies such as Microsoft, Intel, Oracle, Cisco and AOL are rising rapidly. However, according to the information in memory, Simon is very clear that the stock prices are far from reaching the craziest moment. Therefore, now is definitely the best time to enter the market and do long US technology stocks. In the original time and space, Tiger Fund, which followed quantum fund to kill all sides in Southeast Asia in 1997, went into liquidation in the following two years because of bets on shorting technology stocks. Tens of billions of US dollars lost more than 80% in just two years. Hedge fund is a kind of zero sum game. In fact, the case of liquidation of old tiger fund also proves the necessity of long technology stock market at that time How profitable hedge funds are. It may be a few years before the craziest period of technology stocks, but with the overall trend of the Nasdaq market, it will still be very profitable to enter the market and be long now. More importantly, there is no strong political risk for macro hedging such as speculating in a country's currency. NASDAQ technology stock market has a total market value of trillion US dollars, which is enough for cersei fund management company to gallop freely. On Fifth Avenue. It's already March 18, Wednesday. Simon and Janet come home from cersei capital headquarters in the middle of the city. Sophia also comes to visit them. When they stay for dinner, they talk about some things about CK. Although the two sides have reached a basic agreement and formally signed the acquisition contract, melisandro needs to conduct a more detailed operation and financial audit of CK to ensure that there will be no unexpected debt and legal disputes. If all goes well, the acquisition will be completed by the beginning of next month at the latest. "After the acquisition, CK's main focus will be on the three product lines of men's and women's haute couture, jeans and underwear. Although haute couture will compete with Gucci to a certain extent, on the whole, it can enrich the diversity of melisandro's fashion business. Jeans and underwear businesses are more important, which is also my original intention to acquire CK, because these two product lines are areas that Gucci has not set foot in. " In the restaurant, Simon listened to Sophia's introduction and said, "at the last party, Klein said that the sales of CK perfume products were also good." Sophia shook his head and said, "perfume business accounts for only about 5% of the total sales of CK, and it is difficult to compete with Dior, Chanel and other brands. This product line will not be cancelled, but it will not invest more. Our focus in recent years is to develop Gucci's perfume business. " Janet, who habitually sits next to Simon, asks, "what about brand licensing?" Sophia said: "it's a bit complicated. In the 1980s, CK awarded pajamas, swimsuits, glasses, socks, shoes, household products and many other product categories. It's very difficult to get all of them back, especially after melisandro took over CK. However, these authorizations will expire within five years at the latest. My goal is to cancel some authorizations as much as possible through negotiation, which can't be recovered, and to ensure the quality of authorized products to the greatest extent, so as not to affect the brand image of CK. " Simon added: "if you make sure the company doesn't have a big problem, you can arrange some CK brand exposure for the Oscar at the end of the month." "I'm already in touch," Sophia nodded, looked at Janet again, and asked, "how's the talk about the Ltd acquisition?" Ltd is a common abbreviation of limited brands, the parent company of Weimi. "Recently, both KKR and Blackstone are interested in LTE. There may be a bidding war. If the final price is too high, we have to quit," Janet said KKR is the private equity company that created the record breaking Reynolds nabesk merger a few years ago. Blackstone is not to mention the old owner of BlackRock asset management company that Lawrence Fink is now in charge of.Both companies are the top private equity firms on Wall Street. In February, the acquisition negotiation started quietly, and the two sides failed to reach an agreement after several contacts. Then, the news inevitably leaked out. Although the LTE side firmly denies that it leaked the information, the fact is obvious. Affected by the disclosure of the acquisition news, the stock price of Ltd has also risen significantly recently, and the recent market value has exceeded 1.5 billion US dollars. KKR and Heiyan have not yet made an official offer, but it is clear that once the two companies make a move, a bidding war will be inevitable, and the planned goodwill acquisition will be out of the question. On cersei's side, Apollo management's acquisition team has readjusted its acquisition plan, raising the upper limit of bidding for Ltd to US $2.5 billion, a full increase of US $800 million compared with the expected transaction price of US $1.7 billion at the initial goodwill acquisition stage. Even if the two competitors are eyeing each other, they are not determined to win. However, the acquisition team has already secretly absorbed 4.9% of the shares of Ltd group. Even if the acquisition really fails, cersei capital is not in vain after cashing out the shares. In Simon's memory, the peak market value of Ltd group once exceeded 20 billion US dollars. Even if we buy the company with us $2.5 billion now, according to the holding cycle of private equity companies, with the rising trend of the US economy in the next five years and the development potential of Ltd itself, Simon also believes that in five years, the share price of Ltd group can at least ensure a 100% doubling growth. Five years, the average annual return of 20%, such a return on investment for private equity is not low. Simon returned to Los Angeles the next day, in late March. The 64th Academy Awards ceremony, which will be held on March 30, is approaching. According to the voting process, the judges of recent Oscar Awards have sent their votes, and the award results are basically settled. Danielis Entertainment's two major nominations this year, "farewell to the piano" and "crazy flowers at the end of the road" are destined to be just running. Other nominations, such as the best documentary feature film of "ice and snow world" and the best foreign language film of "red lantern hanging high", have not invested much effort in public relations. It was destined to be a quiet year for danielis entertainment in the awards. Among the total 22 nominations of danielis entertainment, Holly hunt, the heroine of farewell to the piano, is the only one with more guarantee. Relying on her brilliant performance in farewell to the piano, the actress's nomination for best actress is simply popular. Moreover, compared with other candidates, Holly hunt also has a lot of contacts in Hollywood. You know, the actress was Spielberg's girlfriend. ICM, the brokerage company of holly hunt, has also invested a lot of resources and contacts in public relations in order to obtain the golden man. Easter in 1992 was on April 19. One month ahead of schedule, Denise Entertainment's key project of this year's Easter, Ninja Turtle 2, entered the stage of sprint publicity. Simon is quite satisfied with the production effect of Ninja Turtle 2. However, the box office of several Ninja Turtle sequels released by the original space-time zhongxinxian in the 1990s has plummeted continuously, which also makes him worry about the box office performance of this sequel. If not, the final cost of the sequel is only $30 million, and it needs to cooperate with Blizzard studio's Ninja Turtle series games, Simon has considered canceling the production of the sequel like "flying over innocence". "Ninja Turtle" did not strike while the iron was hot immediately after its first song was released in 1990, and a sequel was launched last year, also because of Simon's worries. In the final analysis, although ninja turtle is well-known, its IP image tends to be younger. After the initial novelty, adult audiences are easy to lose interest in the sequel. For the children's audience, even if the film itself has achieved PG level, the real ninja turtle is not as popular as the cartoon.
