Soon.A breaking news.Let everyone present know what happened, and why the Wexnay brothers suddenly changed their faces and left.
[White Knight mutiny?
Oasis Investment acquired 59.74% of the shares of LB Garment Group and officially became the largest shareholder of LB Company] The first to send out this news was the official account of Facebook.Facebook, as one of the world's largest Internet social media, sometimes gets the first news, and it will forward it immediately.Just like today.The content of this news is as follows: [Oasis Investment's lead acquisition of lb clothing group (Limited Brands) has attracted much attention. 】[Recently, the apparel group announced its 2018 fiscal year performance report.Dragged down by Victoria's Secret......
Even if the apparel category is slightly profitable, for the whole of 2018, LimitedBrands' sales fell by 7% year-on-year to $2.678 billion.EBIT was -$131 million, up from -$86.96 million in the year-ago quarter. 】[This is an annual report card with record sales and profits.] 】[Of course......
This is inverse growth!
】[Victoria's Secret CEO Siri Wexnay once said: "This year, our sales and profits are slightly less stable, but this is to blame for the economic downturn!
Our new strategy is about to bear fruit, with the vast majority of our businesses making good progress.We will definitely make a profit next year!
”】[Les Wexnay, the founder of LimitedBrands, founded the first clothing store in 1963.With his outstanding taste and keen business sense, Wexney has positioned the brand he operates for teenagers, especially young women.Accurate product development and genius management made the company an instant hit.The company includes Victoria's Secret, Bath & Chains such as BodyWorks and theExpress, with over 8,000 employees. 】[The company has continued to expand in the apparel industry over the past few decades.According to the latest 2018 financial report, sales in the outdoor segment increased by 10% year-on-year to US$1.661 billion, and the growth momentum in the Asia-Pacific region mainly came from Huaxia and Wako.Among them, clothing sales were 586 million US dollars, an increase of 5%, shoes fell 4%, and outerwear was 14%. 】[In addition, Victoria's Secret sales were 1.638 billion, a year-on-year increase of -13%.In the underwear segment, sales increased -4% to $379 million. 】[From the perspective of regional markets, sales in the Europe, Middle East and Africa (EMEA) market were US$1.163 billion, accounting for 43% of total sales, sales in the Americas were US$1.124 billion, and sales in the Asia-Pacific market increased by 7% year-on-year to US$392 million. 】[In fiscal 2018, the company's direct sales channel was prominent, and sales increased by 19% to $329 million.Among them, the e-commerce business increased by 24%, the self-owned retail business increased by 14%, and the same-store sales increased by 7%.As of the end of 2018, the company had a total of 364 retail stores, with 40 new stores added and 42 closed during the period. 】[The company expects sales and profit in 2019 to grow further on the basis of 2018, and the group will focus its strategic focus on the apparel and footwear category, direct sales business, China and the United States market.] 】[In summary.]Excluding the annual losses, the annual losses are extremely serious, and the minimum annual losses are more than $89.65 million in Victoria's Secret.lB Apparel Group is a group with stable performance and rising profits. 】[But no matter how much the company's other businesses grow, they will never be able to make up for the losses and bottomless pit caused by Victoria's Secret!]
】[Before Victoria's Secret can keep itself profitable!]
LB's unhealthy financial state is impossible to end!
[At this time.Oasis Investment made a move on LB Company, and the outside world was unanimously not optimistic about ......]
[In the middle, it was even rumored that Buffett intervened in this acquisition, and he became a white knight.Helping the Wicksnay family defend themselves against a hostile takeover from Oasis Investments. 】[But in the evening, the author received the news.]Oasis Investments announced that they have officially acquired more than 59% of the shares, with 61% of the voting rights, and absolutely control LB Group!
】[The incident happened suddenly, and the ins and outs are unknown for the time being......
Please look forward to a detailed report tomorrow......]
This report covers everything from LB's data to Victoria's Secret data, and the most ironic thing is that almost all of LB's other businesses are profitable, and according to other businesses, they are profitable.But Victoria's Secret, the world's top model brand, which is the most important and most famous, is losing money.And the losses are particularly serious.LB Clothing Group, which was so serious that it was originally profitable, was dragged down by Victoria's Secret's business, and its profit turned into a loss.To put it simply.Victoria's Secret's parent company, LB, made money, but in order to make up for Victoria's Secret's losses, making money turned into losses.Victoria's Secret became a drag!
This "beautiful flesh exhibition", a business with such high ratings every year, has actually become the biggest drag on LB Group!
Very ironic.But this is the reality.The last part of the article is not detailed, only that Oasis Investment has completed the absolute control of LB Garment Group.Especially in the most important voting rights of a listed company, it has achieved a very high degree of control.Such a high level of control.It already means that Oasis Investment has the right to kill LB Garment Group.Read the full content of this news.The guests on the first and second floors knew why they came so arrogantly and felt so good about themselves why the Wicksnay brothers were in such a hurry to leave.Nonsense!
The company you live by.has become the meat on someone else's board, and he is still in front of the butcher who is holding a butcher's knife and is about to cut meat, shouting loudly with the identity of a piece of meat: "You come to cut me!"
You're going to cut me!
I'm right here, you cut it!
”It's just stupid."
Puff ......" after reading the whole news.Michael Jordan couldn't help but laugh.He thought of the arrogance of the Wexner brothers in front of Abel just now, the kind of unbeatable middle and second feeling.The basketball god shook his head amusedly."
This plot is really like playing in Hollywood......
No, Hollywood doesn't do that.I didn't expect it to happen in reality. ”"It's a good show."
Mr.
Bean's actor, the famous British actor, Rowan Atkinson commented in one sentence.Michael Jordan looked at the venerable actor, who with his doctor's acting skills led to the image of a fool who made everyone in the world laugh.He is a real acting star, a top actor, not a star."
Actually......" said Michael Jordan in a deep voice, "from this side proves."
What an astonishing fortune this gentleman had, and how astonishing his means.Even Warren Buffett, the rumored white knight in Wexnay, can't fight him!
”"yes!"
Mr.
Bean sighed too.