Become an explorer and view the world as your jungle. Stop and observe all of the little things as completely unique events. Try new things. Get out of your comfort zone and try to experience as many different environments and sensations as possible. This world has so much to offer, so why not take advantage of it?
Day: June 12, 2012
Surfer’s View
❤ ♡ ❤
Lover,
On this imperfect piece of paper, an imperfect letter, by an imperfect girl. I have a perfect night with you planned. You answered my 1:30 call ; come closer to my heart. We will eat, laugh enjoy it all. We will light the candle since the light is out again. I will play your favorite loose making quite touching songs. Being safe in your arms telling you my all secrets, things that scares me , all hidden doubts. But When I am there it is A Quiet World. The warmth of your arms and infinity to touch talk sleep and breathe. Leaving rest apart !!
Love ♥
Wanna Be ?
Our Way !
M&A
How Kumar Mangalam Birla convinced Kishore Biyani to sell controlling stake in Pantaloon Retail
At the beginning of 2012, a debtburdened Kishore Biyani roped in Vishal Kampani of investment bank JM Financial to advise him on easing his financial strife. Weighed down by debt of some Rs 5,800 crore, the founder of the Future Group retail enterprise was examining various options to cut operating costs to keep the business humming.
One way of doing this would be to ally with a rival retailer at the back end and exploit synergies in the supply chain. Biyani asked Kampani to examine whether the Aditya Birla group would be interested in such an arrangement.
After all, both were in the fashion apparel business – Biyani with Pantaloon Retail and Birla with Madura Fashion & Lifestyle. Selling his fashion flagship was the last thing on Biyani’s mind.
Kampani wasted little time in fixing up a meeting with Kumar Mangalam Birla, chairman of the Aditya Birla group. In the second week of January, Biyani and Birla met for the first time.
That’s when the latter dropped the bomb by suggesting that Biyani part with a controlling stake in the business that helped him earn pioneer status in organised retail – Biyani had set up Pantaloon Retail way back in 1997. A horrified Biyani rejected the offer outright, says a person who was privy to the proceedings.
Not only was Pantaloon the format closest to his heart – the emotional attachment was considerable – it’s also the business with the best prospects: operating margins in the fashion format are robust, at around 30%, as against single digits for foods retailing. Selling Pantaloon would be akin to kissing the Future Group’s ticket to a turnaround goodbye – or at least that was how Biyani would have seen it.
The retail rajah till then had not considered selling a core business; but if push came to shove – and it was coming to that – Biyani had opened his mind to parting with stakes in formats like Central, Brand Factory and even the fashion arm of Big Bazaar, the hypermarket chain. Letting go of Pantaloon -or even a part of it – was unthinkable, say officials close to Biyani.
That was the cue for Birla to make the unthinkable thinkable for Biyani. During the course of over half-a-dozen one on one-meetings, Birla strengthened his equation and personal rapport with Biyani.
Before attempting to clinch the deal, Birla realised that getting the chemistry right was imperative; that both promoters belong to the close-knit Maheshwari Marwari community helped.
According to officials close to the development, Birla refrained from forcing his suggestions on Biyani. If there was any hint of persuasion, it was couched in humility and tenderness.
“I was totally amazed not only by his excellent understanding of retail but also how humbly he went about convincing Biyani. It was Kumar who closed the deal, not me,” says Kampani.
“The sensitivity and respect he gave Biyani in his meetings with him set the ball rolling,” he adds.
Still, Birla’s challenge was to convince a man who was in no mood to sell his flagship business to do exactly that. The only way to do that would be to reinforce that the transaction would be mutually beneficial.
Source : Economic Times
Constantly try to reduce your attachment to possessions
Those who are heavy-set with material desires will have a lot of trouble when their things are taken away from them or lost. Possessions do end up owning you, not the other way around. Become a person of minimal needs and you will be much more content.
The Hidden Look
Memorize something everyday
Not only will this leave your brain sharp and your memory functioning, you will also have a huge library of quotes to bust out at any moment. Poetry, sayings and philosophies are your best options.