Entity Dossier
Company
Peigné de Malines
Strategic Concepts & Mechanics
Signature MoveDecentralized Goal OwnershipCapital StrategyInternal Cashflow as Expansion FuelOperating PrincipleRemove Rivals with Ironclad ExitsSignature MoveModern Management InvasionOperating PrincipleDecentralize but Demand ResultsSignature MoveTough Negotiation as RitualSignature MoveFinancial Engineering as Core SkillCornerstone MoveDistressed Asset Empire-BuildingCornerstone MoveNon-Core Asset Liquidation BlitzStrategic PatternBuy Low in Structural ChaosCornerstone MoveBoardroom Power Consolidation by Stealth
Primary Evidence
"This acquisition was concluded for the sum of 840 million Belgian francs from Jean-Pierre de Bodt and the Belgian state, who are, in a way, interim shareholders. Half is paid in SFFAW securities held by the parent company SFFAW and by a Belgian subsidiary, the Peigné de Malines, a former wool spinning mill of the group turned into a holding company. The other part is settled by a two-year bank loan."
Source:The Crazy Epic of the Willot Brothers - From the Société Du Crêpe Willot to LVMH
"After this operation and some purchases on the stock market, his holding company now owns 36% of the capital, which, together with the self-controlled shares and those held by Peigné de Malines (a subsidiary of SFFAW) and Belle Jardinière, gives him an absolute majority."
Source:The Crazy Epic of the Willot Brothers - From the Société Du Crêpe Willot to LVMH