Which Ding Hui is Zhang Lan?

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"One step wrong, one step wrong", a strong woman in business: from 20 thousand to 2.5 billion, she finally became an outsider.

Pingshuo Finance Zhangping

2021-07-0119: 22 Creator of ingenious plan

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Recently, the news of the divorce of the famous actress Da S and one of Jing Shao has caused an uproar in the entertainment circle, and even the two have been on the hot search list of major platforms. Obviously, Wang Xiaofei and Big S have become household names. However, Wang Xiaofei's mother Zhang Lan is a more legendary figure. Through hard work, Zhang Lan personally created the brand "South Beauty". And in 2009, it ranked third in Hurun Report with a wealth valuation of 2.5 billion yuan, but only six years later, the founder Zhang Lan was swept out of the house by capitalists, which was really embarrassing.

Zhang Lan was originally born in a scholarly family. 1987 after graduating from college, Zhang Lan went to work in a management company. There was a wave of going abroad to work. Zhang Lan just gave birth to a baby and decided to go to Canada for gold. In Canada, Zhang Lan works as a dishwasher and loader in a restaurant, working 16 hours a day with male employees, and sometimes Zhang Lan has to work six jobs a day. Finally, Zhang Lan earned 20,000 Canadian venture capital, so he opened Allen Restaurant, the predecessor of South Beauty. By 2000, Zhang Lan established South Beauty with 60 million yuan, and it was Zhang Lan who put all his fortune on South Beauty.

After staying in South Beauty for six years, Zhang Lan invested hundreds of millions of yuan to build a high-end club "Orchard Club". More importantly, the popularity of South Beauty has been further enhanced, becoming the only designated catering supplier for the 2008 China Beijing Olympic Games. However, with the desperate expansion of South Beauty branch, Zhang Lan gradually felt the liquidity in his hands and wanted to introduce strategic investors to prepare for listing and financing. Later, Zhang Lan chose CDH to invest. However, there are conditions for CDH to invest in supporting Zhang Lan. CDH Investment reached a gambling agreement with Zhang Lan, and CDH invested 200 million yuan, accounting for 65,438+00% of the equity of South Beauty. If South Beauty can be listed smoothly in 2065, 438+02, that's it. If South Beauty fails to go public as scheduled, Zhang Lan will buy back the shares invested by CDH at a high price.

Obviously, this gambling agreement is problematic. Whether South Beauty can be listed or not, CDH investment will be a big winner. Zhang Lan was able to sign such an unequal agreement with CDH Investment at that time, mainly for financing, rapid expansion of stores, and confident that it could go public smoothly. But surprisingly, when Zhang Lan wanted to go public, it encountered the downturn of A shares, and the IPO was basically at a standstill. So Zhang Lan also wanted South Beauty to go public in Hong Kong, so Zhang Lan changed her nationality and settled in a Caribbean island country, but even so, South Beauty from Zhang Lan failed to go public in Hong Kong.

Although Zhang Lan tried every means, South Beauty didn't go public within the agreed time limit, which means that Zhang Lan will buy back the equity invested by CDH at a high price. At this time, just because of the rapid expansion before, South Beauty didn't have much money to fulfill its previous commitments. To this end, Zhang Lan will pay a heavy price for his previous self-confidence and pride. Later, Zhang Lan sold 82.7% of the shares of South Beauty to CVC, the largest private equity fund in Europe, at a price of 65.438 billion yuan. When CDH investment was bought back by Zhang Lan at a high price, it withdrew from South Beauty. Now CVC has become the largest shareholder of South Beauty, and Zhang Lan's share is only 13.8%, which has not only become a minority shareholder, but also gradually lost control of South Beauty.

On the surface, Zhang Lan has properly settled the gambling agreement with CDH investment by realizing South Beauty shares and repurchasing CDH investment shares at a high price. However, CVC has absolute control over South Beauty, and Zhang Lan became a minority shareholder, which also laid the groundwork for its withdrawal. On 20 16, the senior management of South Beauty announced that Zhang Lan would no longer be a member of the board of directors and would no longer handle or participate in any affairs. This means that the founder Zhang Lan was swept out of the house, and the era of Zhang Lan is over. It took only six years for Zhang Lan to go downhill from the peak of his life.