Wednesday, December 15, 2010

Sam's Club, super market turmoil

World marketing comments (http://mkt.), Taiyuan Sam's supermarket in more than 100 suppliers 21 may gather requirements for Sam's supermarket settle arrears. From 2006 to date, Sam's Club store supermarket owed vendors purchase price in more than 80 million Yuan. In Sam's supermarket event is called on a lot of heated discussions, 22 October, holders of Sam's supermarket shopping card customers beginning in Sam's built in buying goods, nandian hundreds of suppliers to the "Sam's supermarket suspected of fraud" has already reported to the police.

44-year-old Feng long Hung (see below) at the former Shanxi Hongda Group Chairman. Hongda group with Sam's supermarket co., Ltd. and "will high motor repair" two subsidiaries, the "service" consists of the required high ten House branch, the Group has total assets of $ 900 million. In 1997, Feng long hung the appointment of his wife's brother William wing required high Service Manager. At the end of 2005, Feng Xiao long hung appointed extraction (William Rongzhi wife) as Sam's supermarket co., Ltd. General Manager. Subsequently, Feng long hung to the United States live in Los Angeles. Feng long Hung Hing ying and his wife have been divorced.

Storm playback

15 September 2007, Sam's Club store supermarket parts suppliers receive Feng long hung from the United States sent by SMS, said Sam's supermarket account only $ himself wanted to save the enterprise, but has been Xiao extraction and William wing overhead, he could not control enterprises, at present, all transactions processed by Xiao extraction.

May 21, hundreds of suppliers in Sam's supermarket building nandian and will gather high motor repair before, Hongda group seek to supply arrears. Relevant government departments involved.

Two days later, a large number of Taiyuan card customers to yuci crazy consumption, Sam's Club store supermarket Taiyuan four shops, yuci shops and all the doors closed, Datong shop. At 0900, Taiyuan City Executive Vice Mayor of zhangpu met with representatives of the supplier, Taiyuan City Government to coordinate the resolution of this matter. Due to not find Feng long hung and Xiao extraction, emotional agents began to follow a sister of Feng long hung Kam Fung-hwan, and every minute.

24, suppliers continue to block traffic.

25 may in the morning, Feng long hung from the United States back to Taiyuan. In the afternoon, in the Conference room will be high and the suppliers to the automobile had talks, says you have to reimburse agents. In the afternoon, Feng long hung in the school store appearances, blocking the traffic of the supplier, in hospital guarded Feng-hwan Qin's suppliers to evacuate.

Xiao extraction may 27 late released a statement saying, Feng long hung accused her of operating "take into account, account, and destroyed scores way enterprise money has hollowed out". She will, in due course "expose the truth."

5/28 afternoon, Feng long hung said the supermarket will be on May 30, reopened.

May 29, Sam's Club store supermarket posted notice that opening delayed, when opening will be announced in due course. Feng long hung said, "the supermarket reopened conditions also does not have".

From the "best" to the fall of the United States

At the end of 2005 is the most long-life Fung negative for a period of time. From 20 years ago at the beginning of Haizi edge baiditan to 1994, just after and founded Hongda group, and then to subsequently become owned hundreds of millions of dollars of assets of Regal, Feng long hung's cause is a brainchild, in his own words, "all too soon."

But all this is at the end of 2005, Dim: Shanghai hotel close losses 2600 million, Wenzhou shops close loss 800 million bank loan to nearly 1 billion compression, liquidity plummeting, family breakup emerged ... These conditions make Feng long hung heart, undermined their self-confidence. He always asked myself to do first, to make the best, when he thought that since not one, not the best, he decided to leave. He withdrew from all the social activities, resigned all his social position, ready to pay suppliers by switching off the supermarket, and then the "retreat" in the United States. When he gave a speech at the Board of Directors of the idea, Xiao-extraction and William wing to him about his views, they said at this point, turn off the supermarket will adversely affect the group. Because at that time was working with a large auto parts companies to discuss cooperation matters, to turn off the supermarket, I am afraid that cooperation is difficult to talk about. In addition, the group is also working to "Beijing Benz" and "Germany" strive for the creation of mcg 4S store authorization. Two-person advised him, and so the two cooperation negotiated before taking off the idea of the supermarket, also advised him from the overall consideration, in the interests of employees, "If you're tired, we come to complete the task of operating the supermarket." After the three-time persuading CHANGHONG Fung was persuaded.

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