What caused Li Ka-shing to buy 40 billion pubs and close them after a loss of 654.38+06 billion?

Britain may start the second round of epidemic blockade, and bars and restaurants in some areas will be closed. In this case, Greene King, the largest British pub owned by the Li Ka-shing family, announced that it would permanently close 25 stores and lay off 800 people.

Affected by the epidemic, Glinkin has been closed for more than three months since March this year, with a huge loss of HK$ 654.38+93.8 million (about RMB 654.38+600 million) in the first half of this year. To make matters worse, Glinkin, which just resumed business at the end of July, was once again in trouble under the influence of the recurrence of the British epidemic, so there was the news of closing 25 stores this time.

Not long ago, Li Ka-shing's eldest son, Li Zeju, also stepped in to stabilize the army. Although the second wave of epidemic resurgence in Europe is still worrying, as long as it is decided to open, the bar business will soon resume. This is a British culture, and bars are very important to most people's daily life. ?

Paradoxically, in the face of Li Ka-shing's disadvantages, public opinion generally applauded. Congratulations, you escaped from China with capital and lost money. Do you want to come back and start over? No 、? The British are not that easy to pit. There is also a voice that thin camels are bigger than horses. Even if he loses so much, it's still a lot. He is too old to enjoy the money he earned all his life. It's not that bad. ?

Where's Li? Maybe I didn't think that Glinkin, which spent more than 40 billion yuan to acquire, not only lost more than one billion yuan, but also became what it is today? Jokes? He also used the cynicism of public opinion to make him over 92 years old.

On Forbes' real-time global rich list, Li Ka-shing still ranks 42nd with a wealth of US$ 28.7 billion, or about HK$ 222.4 billion, while Green King lost HK$ 65.438+90 billion. So, for it, it is undoubtedly? Nine Niu Yi hairs? .

I hope you don't put any hat on me, regardless of height. I am not a moralist, educator or schemer. I'm just a businessman? This is a controversial statement by Li Ka-shing. For a businessman, loss means failure.

2065438+In August 2009, Cheung Kong Industrial Group Co., Ltd., which is run by Li Ka-shing's family, announced that it would acquire all the issued share capital and pending share capital of Greene King plc, the largest brewery and bar operator in Britain, through its indirect wholly-owned subsidiary for 2.7 billion pounds, or about 23 billion yuan in cash.

In addition, Cheung Kong Industrial Group will also undertake the debt of 654.38+09 billion pounds of King Green, with a total cost of about 40 billion yuan, which is another huge investment in the UK after Cheung Kong won the UBS headquarters building in London. As of 20 19, Glinkin owns 1687 English pubs, restaurants and hotels, of which 8 1% have permanent ownership or long-term lease rights.

Therefore, there was a view at that time that although Britain's withdrawal from the EU economy was affected, it was foreign capital that was affected. Bottom hunting? Provide an opportunity. Li Ka-shing bought not only the Glinkin brand, but also his own real estate property, which can provide rent as a stable cash flow.

At that time, Li Ka-shing boarded various hot searches for many times, and the voices broke out one after another. Don't let Li Ka-shing get away? This remark once appeared in the headlines of the media. Unfortunately, only one year later, Glinkin brought this result to Li Ka-shing.