Rebirth of the Strongest Tycoon

As soon as you enter, you will see a layout that is different from ordinary department store retail supermarkets.

Some of the shelves are very high, at least two meters long, and ordinary people can't reach them at all.

But there are various plates, water pipes and the like on it, and there are price signs on the shelves.

Because the boards, water pipes, etc. are placed, all the aisles are also very large, close to two meters, which is more convenient for placement and transportation.

Of course, this is an area such as building materials. It is different when you go to other small and medium-sized tool areas, and the placement is much closer.

Boxes of screws, a wrench, a screwdriver, a tape measure, etc. were placed on the shelves.

In addition to paint, brushes, glue, and so on.

Anyway, with building materials, home improvement, gardening, etc., there are everything here, and the varieties are very complete. It is like a large wholesale market for home building materials.

Of course, relying on variety and price advantages to build a warehouse-intensive hypermarket is the elite model of Home Depot.

Xia Yu wandered around at Home Depot, and another impression was that the customer traffic was much less than that of ordinary supermarkets.

However, it is normal to think about it. The products sold are different, and the way customers buy and the time they consume are also different.

Xia Yu took a few subordinates and bodyguards. Everywhere he went, there were a group of people, which naturally attracted the attention of many people. The clever staff quietly reported to their superiors, suspecting that there were super big customers.

They always bring bodyguards when they go out, and they also take a look inside the mall. The employees don’t even think about it.

After a while, a middle-aged white man with two subordinates appeared from a corner and walked towards Xia Yu and others.

Under the reminder of his subordinates, Xia Yu looked over, his brows raised slightly, and the corners of his mouth could not help but cocked slightly.

He recognized the leader, and he had just seen the photo today. It was another of the founders of Home Depot, Arthur Blank, who was also the CEO of The Home Depot Company.

"Hello, sir, is there anything I can do for you?"

Arthur Blank stopped in front of Xia Yu and asked with a smile.

Xia Yu smiled slightly, nodded and said, "Of course, Mr. Arthur Blank!"

Arthur Blank was a little surprised, but he didn't expect to be recognized by Xia Yu all of a sudden. He recalled his memory and seemed to have never contacted an Asian.

Arthur Blank frowned and asked, "This gentleman, I don't know who you are?"

Xia Yu said with a smile, "My name is Xia Yu, and I am the chairman of Polaris Capital Corporation."

"Our company's business is mainly to invest in companies with potential! This time I happened to pass by here and saw that your company is holding a product knowledge and skills research meeting. I was curious and came over to take a look."

As soon as these words fell, Arthur Blank showed surprise, and immediately smiled and shook hands with Xia Yu: "Hello, Mr. Xia, you are welcome!"

"Hello, Mr. Blank!"

Xia Yu looked at Arthur Blank with a smile and asked, "Mr. Blank, would it be convenient for you to show us around? In San Francisco and New York, although there are shops for tools and building materials, but I just saw them. For a moment, your store seems very different from those traditional stores."

Although it is not a big client, Arthur Blank is of course very happy to face the request of the chairman of the capital investment company.

He is very welcome to capital. After all, the capital needed to open such a hypermarket is too great. He was able to open the company, and the capital contributed.

To refuse capital is to ruin your future. After all, if your opponent accepts the support of capital, he will definitely be able to catch up and crush himself.

Back then, after he and Bernie Marcus were fired from the hardware department of an original group, they used their savings to set up Home Depot, and they also looked for investors everywhere, including a supplier of home building materials for investment. , a total of hundreds of people have been found to get the funds.

When they first opened the store, they didn't have enough funds to buy enough goods to fill all the shelves because the store was very large, and they also found a bunch of empty cartons from the dealer with stickers of the dealer's logo,

Putting empty cartons on top of the shelves makes consumers feel that Home Depot really has a lot of inventory.

Although it has survived that stage for the time being, there is still a big shortcoming in terms of inventory. Now the company is trying its best to use the current status and future of hot sales to stabilize dealers. Otherwise, how can Home Depot be able to take so much credit goods.

Warehousing and inventory are a large part of retail costs.

If there is enough capital, it can definitely make Home Depot catalyzed quickly.

He and Bernie Marcus can accept more than 100 investors, which naturally shows his welcoming attitude towards capital.

Next, he took Xia Yu to go shopping in the mall. When answering Xia Yu's questions, he also tried his best to describe the advantages and development model of Home Depot, and wanted to show the most attractive side of Home Depot.

During the whole process, Xia Yu seemed very patient, and from time to time he praised Home Depot's model, which made Arthur Blank feel good.

Unconsciously, everyone came to Arthur Blank's office to rest and drink coffee.

"Mr. Xia, I have a certain understanding of the capital company in Atlanta, and it seems that I have never met your company before."

Arthur Blank asked politely, looking straight at Xia Yu.

Xia Yu heard the words, put down the glass, and smiled calmly: "Mr. Blank, my company is not in Atlanta, but in San Francisco. It's normal if you haven't heard of it. I only came to Atlanta this week."

"It just invested fifty million dollars in Turner Broadcasting Corporation a few days ago. Of course, this news is not known to the outside world. Please keep it a secret."

Arthur Blank's eyes widened and he asked in disbelief, "Fifty million dollars for Turner Broadcasting?"

As an entrepreneur, newspapers are a must, and Turner Broadcasting is a media giant in Atlanta, and it's hard for him not to understand.

It was because he knew so much about Turner Broadcasting that Arthur Blank couldn't believe it.

Now even ordinary citizens are not optimistic about Turner Broadcasting, thinking that Ted Turner is going the wrong way and waiting for him to hit the wall.

But now that I have suddenly learned this news, it is really exciting. If it spreads out, it will definitely cause a huge public sensation!

Of course, he won't say it to the outside world. Now he is more concerned about the strength of Polaris Capital.

To be able to easily spend $50 million to bet on Turner Broadcasting Company must be very strong, and the $50 million is enough to buy two or three Home Depot companies.

After all, Home Depot now has three shopping malls, and the monthly net profit for the company is only about 150,000 US dollars. It is estimated that the net profit is less than 2 million US dollars a year.

But like a retail company, as long as it is properly managed, it relies on scale to make profits. The larger the scale, the lower the cost ratio of compression, the higher the profit rate, and the larger the profit scale.

Had Home Depot had enough capital, he would have been expanding in big strides, rather than slowly opening new malls with revenue and loans.

Arthur Blank nodded earnestly and assured: "Mr. Xia, don't worry, I will definitely keep this secret!"

After finishing speaking, Arthur Blank asked with concern: "Mr. Xia, your Polaris Capital Company is so strong, which fields do you usually invest in?"

Xia Yu glanced at him and said calmly: "Because the company has relatively abundant funds, there is no limitation on which field to invest in. As long as it is a company with potential to invest, and it is decided to invest in the end, we are generally not interested in small goals. , the initial investment is 10 million US dollars, and just last month, it just invested 170 million US dollars in a company called Genentech.”

Xia Yu repeated his old tricks, deliberately showing the strength of Polaris Capital.

But as the saying goes, one trick is delicious.

Don't care whether the moves are old or not, the key lies in the role!

Sure enough, Arthur Blank was startled again, and of course Xia Yu deliberately said a point of information that made him frown.

That's a million dollar investment!

This is how to do?

Home Depot's current value is less than $20 million. Even if Polaris Capital makes a guaranteed investment of 10 million, the company will have to change its name to Polaris.

After all, when Home Depot was founded, they had already accepted too much capital. Although it was very scattered, many of which were investment from suppliers, this did not change the fact that most of the company's equity was in the hands of other shareholders.

He and Bernie Marcus's combined stake is only 52%!

Kankan control the company!

Of course, although there are many shareholders, their shareholdings are very scattered and pose no threat to them.

But once the equity is concentrated in one family, it is dangerous for them!

Thinking of this, Arthur Blank's heart gradually calmed down.

Although Home Depot needs capital investment and Polaris Capital is strong enough, the drawbacks and risks are too great!

If he needs more funds, it is impossible to sell the company?

The company is not your own, so what is the use of more investment?

He and Bernie Marcus have been struggling to start a business for only two years, and they are planning to run the company wholeheartedly!

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