600682 Nanjing Xinbai-Acquisition of the old British department store HOF There are four questions about international M&A and enterprise internationalization. The sentence is as follows.

1, there are many results of cross-border mergers and acquisitions. For example, Geely's acquisition of Volvo is the most extreme, but the management rarely intervenes, so Volvo only makes money for Geely, while Lenovo's acquisition of IBM's PC business becomes a part of itself after assimilation, increasing production capacity. The main reason for the purchase of HOF should be its relatively advanced department store management system and supply, which is a good template for Nanjing Xinbai. As for whether Nanjing Xinbai should change the HOF, it depends on how the HOF model conforms to the domestic market. However, according to the present situation, it seems that Nanjing Xinbai will take the route of high-end department stores selling directly to China, which is also a relatively easy way.

2.HOF has many brands controlled by HOF, including clothing and wedding services, which are very common in old department stores in Britain, which makes them have their own characteristics and more competitive. Moreover, because the cash flow of department stores is large enough, they usually involve financial and insurance businesses, such as John Lewis, where they have quite perfect life insurance business.

3. As stated in 1, as a high-end brand department store, HOF has a relatively advanced management system, which is a good template for Nanjing Xinbai in theory. Nanjing Xinbai can save a lot of time and energy to improve the management level, which is of great significance to Nanjing Xinbai in China market. After all, there is no department store at the same level in China, so HOF has a relatively mature model.

4, transfer the supply chain is to find suppliers in Asia, and then rely on the Asian market to repay the original debt. After all, the development of the Asian market is relatively backward, which makes Nanjing Xinbai confident to take advantage of the HOF model to lead in Asia, thus solving the current debt problem of HOF more quickly. In short, HOF provides management technology to make up for the relative backwardness of the Asian market, and the Asian market provides more resources to earn money and pay off debts for HOF.