The world begins with Hong Kong movies

Chapter 387 Wu Feng: I don't like it! (Seeking monthly votes)

"Mr. Pan, I don't quite understand or like your actions regarding representing luxury goods!"

Upon seeing Pan Disheng, Wu Feng didn't stand on ceremony and spoke frankly.

He wasn't familiar with Pan Disheng; they had only met a few times from afar at gatherings of film industry executives, and were merely nodding acquaintances.

But with his level of power and status, and being a top figure in the film industry, he naturally doesn't need to be tactful or polite in his speech.

That's how the business world works; whoever is stronger is the best.

It's not about age or seniority; that's the reality.

Pan Disheng's expression changed slightly, and he felt a little annoyed, but he did not lash out on the spot.

He still felt somewhat wary of Wu Feng.

Unless there is no further interaction in the future, he could only endure Wu Feng's aggressive attitude at this point.

Being inferior in strength is so frustrating.

In terms of wealth, the value of just one arcade game development company, which ranks first in Hong Kong Island, is comparable to the total net worth of Poon Tik-sing.

Not to mention, ATV and Sharp Media are also among the top in Hong Kong in terms of strength in the film and television industry and media field.

Even the newly established watch shop is thriving and has great potential.

In a short period of time, the sales volume of the youth fashion series watches has exceeded 100,000, and the sales revenue is also quite astonishing.

Compared to the luxury goods group he had painstakingly built up over many years, there was only a small difference in sales volume.

This is real skill!

"What do you mean by that, martial arts student? I don't quite understand!"

After all, he is a well-known rising tycoon in Hong Kong. Poon Dick Sing has built a huge business at a young age, so he is naturally quite arrogant.

Although they were wary of Wu Feng, they weren't too cowardly.

“Mr. Pan, when you were just starting out in business, you didn’t have much capital but you were still able to become an agent for European and American luxury brands. That shows you’re capable!”

Wu Feng remained calm and spoke in a nonchalant tone: "But after things started to develop, why didn't you have any other ideas, and instead continued to act as an agent for these luxury brands?"

"Isn't this bad?"

Pan Disheng was somewhat puzzled and asked in return, "Being an agent for those European and American luxury brands is quite profitable, and it increases every year!"

"What I mean is, Mr. Pan, now that you have enough capital, why haven't you thought about turning the tables and acquiring a few luxury brands for your own use?"

Now it was Wu Feng's turn to be surprised. He asked curiously, "Among the luxury brands in Europe and America, some are doing quite well, while others are having a terrible time. Isn't this a great opportunity to acquire them?"

"Wu Sheng, your idea..."

Pan Disheng was quite shocked. After hesitating for a moment, he whispered, "Isn't this a bit too bold?"

"It's just normal business. It's not like Mr. Pan hasn't been abroad before. What's wrong with acquiring a few poorly managed luxury brands?"

Wu Feng was somewhat speechless. Every time he came into contact with the so-called business elites of Hong Kong Island, he always felt awkward.

I'm especially careful when it comes to foreigners.

Speaking of which, didn't Pan Disheng acquire the French luxury brand Dupont a few years ago?
That's a comprehensive high-end brand that focuses on making high-end lighters, as well as leather goods, clothing, and other lifestyle products.

Of course, no matter how powerful they were, they probably couldn't keep operating, otherwise how could they have been so easily taken over by Pan Disheng?
However, the reputation of Dupont alone is not that great.

After all, the market for high-end lighters is insignificant compared to the market for fine mechanical watches. This is what Wu Feng finds so puzzling!

Damn, Pan Disheng dared to acquire a high-end luxury brand from France, so why is he so timid when it comes to well-known European and American watch companies?

It should be noted that this is based on the information Wu Feng investigated.

Switzerland has plenty of watch brands that have been operating for over a century and have considerable reputations; they're really just waiting for their rice bowls to be filled.

"If my watch shop hadn't bought several century-old Swiss watch stores, how could it have launched its own brand so quickly?"

"Is that so?"

Pan Disheng was greatly surprised and asked curiously, "Could it be that Wu Sheng didn't encounter any trouble or difficulties when he acquired the century-old Swiss store?"

"Mr. Pan is overthinking it!"

Wu Feng chuckled and said, "Many of the century-old Swiss watchmaking companies are poorly managed. If I hadn't stepped in to acquire them, they would have been destined for bankruptcy and restructuring, which would have had even more serious consequences!"

"I created a lot of jobs when I acquired them!"

"But I just feel that it's unnecessary!"

Pan Disheng shook his head and said, "If you can make money steadily, there's no need to go abroad and cause trouble!"

"But simply being an agent means that not only is the control in the other party's hands, but there's also a limit to how big the business can be!"

Wu Feng chuckled and said bluntly, "Once the survival space for these luxury brands improves, it won't be easy for Pan Sheng to get their exclusive agency rights!"

In his heart, however, he secretly shook his head.

No wonder, after Pan Disheng ended the operation of Debao, he gradually disappeared from the public eye.

At his peak, his personal wealth was around three billion.

This was 3 billion in the early 1990s. With this wealth, he became a well-known rising star tycoon in Hong Kong and successfully married Yang Da Nu, whose father was a Datuk in Malaysia.

Of course, in Malaysia, a Datuk is equivalent to a respected figure from one's hometown in mainland China.

They may have some influence locally, but it's definitely not exaggerated to the point of being incredibly powerful.

By 2000, Pan Disheng's company had not kept up with the trend, and his net worth remained at around 3 billion.

Meanwhile, the numerous international luxury brands he represented had recovered and no longer offered Pan Disheng the exclusive agency opportunity.

Pan Disheng was thus utterly and spectacularly abandoned.

Luxury brands in Europe and America don't care about sentimentality at all; everything is based on profit.

Without the support of these European and American luxury brands, and without a high-quality publicity platform like D&B Films, they can only fade into obscurity.

Of course, compared to ordinary people and small business owners, Poon Dik-sing's wealth was still enviable, but by then he had completely fallen out of the ranks of Hong Kong's top rising tycoons.

How could Pan Disheng have no business ambitions?

How could someone who could amass a fortune of billions by relying solely on a million-dollar start-up fund from their family be an easy person to match?
"I've considered these things, but I was worried about failure, so I haven't taken any concrete action!"

Pan Disheng said with a wry smile, "Fortunately, Wusheng's watch shop pointed me in the right direction, so I came directly to ask for his advice!"

At this point, he said very sincerely, "I hope that Mr. Wu can explain the background and context of promoting the Youth Fashion Watch Series!"

(End of this chapter)