Super Rich: The sister of a superstar is the richest man in the world.
Chapter 88 Grandpa Cheng Who Owes Money
Under the personal guidance of Chairman Feng, Cen Yu'an visited their finished fabric workshop, cutting workshop, and garment workshop in turn.
It's March now, and most of what's being made is summer clothing; piles of fabrics are stacked up like mountains.
"Chairman Feng, do you take more outsourced orders or do you do more in-house designs?"
"Mr. Cen, you're too kind. We don't do design work; we mostly accept custom orders."
"Do these merchants have any special requirements for the fabric?"
"It depends on their budget and their own customer positioning."
After touring part of the factory, Cen Yu'an gained a general understanding of the differences in materials used in men's and women's clothing.
Generally speaking, within the same brand, men's clothing tends to use more substantial fabrics than women's clothing.
However, women's clothing offers hundreds more fabric and style options than men's clothing.
As the source factory, Chairman Feng and his team receive far more orders for women's clothing than for men's clothing.
It's not that the merchants are heartless and deliberately use inferior materials, but if clothes never wear out, who will buy new styles?
Merchants always try to make girls feel that last year's dresses just don't look right this year.
Good design is essential for attracting consumers.
The fabric should be casual so that it can be worn for only one season.
Of course, given the current situation, Chairman Feng said that the high-end market is still okay, but those making mid-to-low-end products are not even putting their heart into the design anymore.
They uniformly follow the global fashion trends and create the same styles.
It doesn't matter whether it's Western or Asian.
Basically, whatever colors and styles the big brands use, that's what we'll focus on this year.
Then consumers are forced to choose only that style...
Everyone is saying the market is sluggish, but it's not without its own reasons.
Many girls go out shopping with their best friends, only to find after a while that the classic styles from 10 years ago are not as good as what they wear in their closets.
Of course, for businesses, physical stores are expensive due to rent and labor costs, while online stores have high return rates, putting them in a dilemma.
For consumers, they spend money but can't buy a suitable piece of clothing.
Simply ridiculous!
Mr. Feng is now only making money through volume in processing, because the profit margins for fabric and cutting are actually very low.
His clients, who were finished product manufacturers, had unsold inventory and were unable to pay the final installments.
He can't upload new materials either, and he's completely caught in a vicious cycle.
People only see his glamorous life as a big boss, but they don't know the reality: he's almost relying on the rent he collects to avoid falling behind on his employees' wages.
The factory has overcapacity, but who should he fire?
They are all young people from remote and underdeveloped areas who come to big cities to work. Some have children and parents left behind at home, while others have no other skills and going to the factory is their last resort.
Chairman Feng also wanted to learn from others and lay off employees to start afresh.
But when the person about to be laid off came to his car and cried, he couldn't bring himself to do it.
They had no choice but to let them work for another month to try, and if they didn't receive the final payment next month, they would have to be laid off.
Then it's postponed again to the next month.
Upon learning that the owner of Huashu Venture Capital was coming, Chairman Feng's immediate thought was to simply transfer the company and all its factories.
He could easily live a carefree life simply by wearing sandals and collecting rent everywhere.
How did it all turn into this miserable situation where "money is tied up in goods, where are the goods? The goods have been sold, but where is the payment? The payment hasn't been received yet"?
Unfortunately, the boss did come, but not to take his factory.
I want to cry...
He can just pack up and leave, but what about the factory workers?
Now it's not just his factory that's struggling; even listed companies are having a tough time.
What should these people do if they lose their jobs?
In just one year, Mr. Feng, who is in his early forties, has almost turned half of his hair white with worry.
"Chairman Feng, you just said that there are many outstanding payments that haven't been received?"
"Sigh...yes! There are still a few of them who are old customers, but their sales of winter and New Year's items have hit new lows again this year. They haven't even sold all their stock yet, and they're still hoping I can buy it back for them. How are they going to pay me the final payment?"
Do you have a list of these merchants who owe you money?
"Yes, they definitely do, but Mr. Cen, Huashu Venture Capital wouldn't be involved in debt collection, would it?"
"It's not that bad! How about this, could you send them a message for me, saying that I want their team, and the selected one will sign a contract with Huashu Company, and I'll clear their previous debts for them, how about that?"
"As expected of Huashu Venture Capital, which is rumored to have an incredibly strong financial foundation! Great! I'll contact them right away!"
Chairman Feng instructed his secretary to accompany Cen Yu'an on a tour of the remaining factory area to see what else she might be interested in and to provide her with detailed information.
He first went back to his office and personally called each person on his "debt defaulter" list.
It only takes a few phone calls. If someone is selected, it means that he, as the biggest creditor, can recover anywhere from hundreds of thousands to tens of millions of yuan in outstanding payments!
Call! Call right now!
what?
Who is this person who blocked me?
These bastards, you really think you can do whatever you want just because you owe money!
Mr. Feng muttered curses under his breath, then picked up another phone and continued making calls.
Sigh, everyone has their own difficulties. I'll give you another chance. You'd better answer my call right away!
"Dudu..."
"Hey, who's there?"
"It's me, Feng Chengye! Don't hang up yet! Don't you want to hear some amazing news?"
"Chairman Feng, as you know, my husband was in a car accident. Last year, we had millions of yuan worth of goods stuck in the warehouse. We just paid the warehouse rent and wages at the beginning of this year. Please be magnanimous and give me a few more months!"
"I'm not calling today to ask you to pay me back."
"That is?"
“Zhang Ya, don’t say I don’t think about you. The CEO of Huashu Venture Capital came to see me today. She wants your experienced team, who understands the fashion industry, to come over immediately with your information. If this works out, Huashu will pay off your debts.”
"Brother Feng, are you serious?"
"I told you I'd give you two months to pay me back during the Chinese New Year, but did I even remind you once? You've already blocked me! Stop talking nonsense! Hurry up and get back to me!"
"Brother, I'm so sorry, I really had no other choice but to block the work accounts of several creditors. I will definitely pay them back when I have the money! You're like a brother to me! Thank you! I'll be there right away!"
"Don't say anything like that. We've been working together for so many years. If I didn't still trust your character and skills, I wouldn't have made this call to you."
......
It took Feng Chengye nearly an hour to notify all the business owners he knew, such as Zhang Ya.
Meanwhile, Cen Yu'an and his secretary also completed the tour of the entire factory area in a sightseeing vehicle. The secretary did not know Cen Yu'an's identity, but she saw how much Chairman Feng valued it.
Chairman Feng is a very, very good person, so he naturally treated Cen Yu'an with great respect throughout the entire process.
Through the secretary, Cen Yu'an gained a better understanding of how much Feng Chengye had sacrificed.
An ordinary businessman, yet his vision extends to the social and national levels.
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