Before the Spring Festival in 1956, Wu Guangyao began to get busy again. The annual reports of each company will be carefully reviewed and plans for the next year need to be formulated.

Wu Guangyao's first stop is to come to Lao Fengxiang Jewelry. This is the annual routine. After all, Lao Fengxiang Jewelry has the greatest significance to Wu Guangyao!

Flipping through the reports, Wu Guangyao's joy could not be concealed at all, because Lao Fengxiang's annual profitability actually reached US$2 million (HKD 11.4 million).

What a proud number. When Wu Guangyao was reading Cheng Yutong's biography in his previous life, he learned that when Chow Tai Fook was only about HK$5 million in the early 1960s (not entering the diamond field).

In 1955, Lao Fengxiang Jewelry's annual profit reached HK$11.4 million, which is much more than it!

Of course, after a closer look at the report, I found that the business outside Hong Kong Island (mainly Japan) (mainly diamonds) contributed HK$6.5 million, accounting for more than half.

The price of diamonds is opaque, unlike gold, everyone knows the basic price; while the profit of diamonds is often twice to three times, which is the result of giving in to Japanese agents.

In other words, the price of diamond jewelry purchased by customers is at least 5 times higher than that of De Beers.

After reading the report, Wu Guangyao convened Lao Fengxiang's management and held a meeting;

Summarize the work in the past year and formulate the company's direction and actions this year.

At this time, Lao Fengxiang Jewelry's shareholding situation was that the Wu family accounted for 90%, and the management and staff accounted for 10%. Lao Fengxiang Jewelry finally formed the equity distribution after two share rewards.

In other words, Wu Guangyao no longer promised to take out shares and give rewards!

Wu Guangyao would not choose to let Lao Fengxiang Jewelry go public. Anyway, Lao Fengxiang Jewelry will not be short of money, so why do you need to go public and disclose your financial situation?

"Well, in the past year, everyone's performance is worthy of recognition! But we cannot relax. I heard that there are many gold shops in Hong Kong who are seeking a Debill license. We must be careful. Whether they have a license or not is not allowed to do so; however, we must strengthen the brand of Lao Fengxiang Jewelry. The market is developed by us, and we cannot let them seize our success. So we must be good at ourselves and make Lao Fengxiang Jewelry deeply rooted in people's hearts. When everyone needs to buy jewelry, the first thing they think of is Lao Fengxiang Jewelry."

Everyone agrees with Wu Guangyao's words!

The diamond market in Asia was opened by Lao Fengxiang Jewelry, which was the result of Lao Fengxiang Jewelry's use of a large amount of advertising fees and manpower.

These people couldn't wait to seize the results of Lao Fengxiang, so naturally everyone would not agree!

"In recent years, the world's diamond business has begun to flourish and diamond licenses are also very short. They may not have the opportunity to get the license now! I also suggest that we continue to acquire De Bill's license and strive to monopolize the diamond business in Asia." Rong Bensheng said.

Wu Guangyao nodded and agreed: "Yes, in South Africa, we entrust a consulting company. According to the old rules, we only need to have financial situations as long as the company's license; as for the high-priced license, those people will grab it!"

Then we will not discuss this topic anymore, Wu Guangyao continued: "Last year (1955), the Hong Kong government established a semi-official Tourism Development Committee and recognized South Kowloon, centered on Tsim Sha Tsui as the tourist area. This shows a problem. Hong Kong's tourism industry will become more and more prosperous. So I decided to open three more branches in the most popular tourist places in Tsim Sha Tsui, Yau Ma Tei and Mong Kok section of Nathan Road, to focus on what tourist business. Our purpose is: Don't let a customer who enters the door go out empty-handed, at least leave a deep impression. What a pity it would be if a tourist who wants to buy diamonds cannot see a diamond jewelry in Hong Kong Island where shops are everywhere. And only we have diamond jewelry in the Hong Kong Island Jewelry Store. Naturally, all tourists should see our exquisite diamond jewelry and then return with satisfaction!"

Wu Guangyao is well aware of every important process of his company;

For example, Lao Fengxiang opened three stores in the tourist area this time, specializing in tourists' business.

Wu Guangyao has been concerned about one data in the past two years, that is, the number of people coming to Hong Kong to stay in hotels, and found that the increase is very high and very fast;

And I specially sent someone to Tsim Sha Tsui to investigate and found a secret: that is, people who came to Hong Kong did not have much luggage when they came, so they must have big bags when they went back.

It turns out that this is because Hong Kong Island has taxed several special products such as tobacco and alcohol, and other commodities are not taxed, and some commodities are even cheaper than the origin.

So, Hong Kong has begun to become a shopping paradise!

Then our own industries will naturally not let these tourists go!

Kai Tak Airport and Ocean Shipping Service Center are both in Tsim Sha Tsui; so South Kowloon has the most tourists, so this area belongs to a tourist area and is a location that needs to be developed in a key way.

Listening to Wu Guangyao's far-sighted vision, the management team felt ashamed. It was simply a ruling responsibilities that so many people did not discover such business opportunities!

Then, everyone discussed the specific plans to go to other parts of Asia and develop the diamond market, and tried to sell their diamonds to the entire Asia.

...........

The second stop, Uniqlo.

Uniqlo is a group-based company, which is mainly composed of Uniqlo clothing production factory, Uniqlo clothing chain store, Armani (luxury men's clothing), and Warren Tiannu (luxury women's clothing).

Uniqlo clothing production factory not only produces clothing for its own clothing brands, but also does OEM for overseas clothing brands;

Uniqlo clothing production factory currently has three large factories, two medium-sized factories and 3,900 workers.

With the human resources advantages of Hong Kong Island, Uniqlo is already the largest clothing production factory in Asia, and its products are mainly sold to Japan, Europe, America and other places.

The three brands of Uniqlo clothing stores, Armani and Warren Tiannu have also left Hong Kong Island and have opened branches in Japan, Sing Tao, Taiwan, Thailand and Malay.

I won’t say whether there is success or not. I can only say that I will first explore the situation and lay the foundation for future development.

"The sales of branded clothing overseas are poor. Except for Japan's slightly profitable, there have been mild losses in other places!" Lin Yueru flipped the report and said to Wu Guangyao.

Lin Yueru can now stand alone and serve as the president of Uniqlo, while Wu Guangyao is just her consultant.

"It's normal. After all, these three brands are not famous in other places except in Hong Kong Island! So, we can't hurry, we have to do it slowly! A brand can only succeed after long-term verification and precipitation; often the brand that suddenly becomes popular will die quickly. So you have to pay attention to maintaining the company's competitiveness, fashion and quality at all times. So sooner or later, these brands will be in your hands and become world brands..." Wu Guangyao comforted.

After all, Asia is backward and the concept of fashion is still very weak; unlike Europe and the United States, it is often a hit product that everyone can accept; Asia is different. Now most Asian regions pay more attention to clothing with ethnic characteristics.

For example, in recent years, Warren Tiannu has released several popular models - hourglass skirts, tunic skirts, and retro skirts. The sales in Asia are not high, but are very popular in Europe and the United States.

"I said I'll just be the president of the Warren Tiannu brand. You have to hand over the entire Uniqlo to me. Now I feel that what you said is so profound. If you mess it up, you won't blame me, right?" Lin Yueru put down the report in her hand and held Wu Guangyao's arm and said coquettishly.

28-year-old Lin Yueru has added a bit of the charm of a young woman. In Wu Guang's dazzling eyes, it seems to be more tempting than when he met him!

After suppressing the desire in his heart, Wu Guangyao continued to encourage: "Don't worry, with Uniqlo's ready-to-wear factory profitability, it is enough to wait until the three brands succeed! Besides, I asked you to be the president, but I didn't let it go; so, you can do it with confidence, I have everything!"

Only then did Lin Yueru leave Wu Guangyao's arm with satisfaction, pick up the report and read it again.

Wu Guangyao looked at the reports in his hands and found that Uniqlo made a profit of up to HK$10 million last year, and there was no hidden danger;

Uniqlo has more employees than Lao Fengxiang Jewelry, but its profitability is not as high as Lao Fengxiang Jewelry. The main reason is that although the garment industry in Hong Kong is developed, its added value is not high, and it is because it has gained a reputation in the world by making cheap.

Even without Wu Guangyao's appearance, the garment industry in Hong Kong would dominate the world and once reached the region with the most garments exported in the world. After Wu Guangyao founded Uniqlo, it organized the garment industry in Hong Kong to improve the quality of garments and form an alliance, so it is more competitive in the world.

So far, there are thousands of ready-to-wear factories in Hong Kong (not counting family factories), with a total of 39,000 workers; there are only more than 130 factories qualified to join the Hong Kong Clothing Chamber of Commerce.

"By the way, in the tourist area in Kowloon, we will open several stores to do tourists' business," Wu Guangyao reminded.

"Yeah, I get it!"

At Uniqlo's annual meeting, Lin Yueru became the protagonist, while Wu Guangyao basically didn't say much!

Even if there is a good opinion, Wu Guangyao will tell Lin Yueru and ask her to convey it.

"Mr. Fu, do you have anything to say?" Lin Yueru talked for a while and handed over the topic to Fu Hongru.

As the vice president of Uniqlo, Fu Hongru is a real power figure. Because Lin Yueru's ability is a little worse, this further highlights the vice president of Fu Hongru.

"I think the two luxury clothing should be temporarily expanded; Asia is not Europe and the United States after all, and its ability to accept luxury goods is still weak. We only need to have one or two stores in each country, and we don't need to focus on it anymore. We should focus on the ready-to-wear factories and Uniqlo brand chain stores. Needless to say, the garment industry in Hong Kong has already had the ability to compete with countries around the world under the leadership of Mr. Wu in recent years. Uniqlo clothing stores also have great competitiveness, with fast products, medium prices, and diverse styles. No matter which country in Asia, there will be a market..." Fu Hongru expressed his point of view, that is, luxury brands will be put aside first, concentrate on developing garment factory OEM, and Uniqlo chain clothing stores.

When Lin Yueru heard this, she looked at Wu Guangyao and quickly decided to say: "The two luxury goods have suspended the opening of branches, but they have to develop existing stores. There are rich people everywhere, so high-end clothing brands still have a market. Of course, our main energy next is to focus on the Uniqlo factory and Uniqlo chain stores."

In fact, overall, Armani and Warren Tiannu have made huge profits in recent years, but they are not as good as Uniqlo factory and Uniqlo chain clothing!
Chapter completed!