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Tanyutou has a huge empire of nearly 11 billion. Why did it collapse in just a few years?

"Once, Tanyutou had a huge empire of nearly 11 billion yuan, but it collapsed in just a few years."

"It's not like the legend, gambling with nothing. It was because I wanted to list the company too much. "

in mid-August, Tanyutou closed its last store in Chengdu.

At this point, this chain hotpot with tens of thousands of employees, nearly 11 billion assets and stores all over the country was "better than Haidilao"? Tanyutou officially ended his era.

three months later, on October 25th, Tan Changan, the founder of Tan Yutou, accepted an exclusive interview with Red Star Capital Bureau. Whether talking about "Lao Lai" status or gambling rumors, he seems calm. Only when I heard that I was going to shoot a video, I changed my suit in a hurry and said, "I still have to pay attention to my image."

October 25th, 2121

Tan Changan, the founder of Tan Yutou, was interviewed by Red Star Capital Bureau

The day before, Tan Changan had just opened a number in Tik Tok, telling his ups and downs: the closure of almost all stores, the cancellation and cancellation of catering companies all over the country, and the high debts caused by historical problems were included in the untrustworthy executors for more than 11 times?

The collapse of tens of thousands of employees and tens of billions of assets

"shocked the catering industry and myself"

What was the "collapse" mentioned by Tan Changan in his personal video number? Summarizing the present situation of Tan fish head, Tan Changan said, "Tan fish head is basically gone now."

In p>2114, Tan Chang 'an left Chengdu to live in Hong Kong until after the epidemic this year. On October 25th, he said in an exclusive interview with Red Star Capital Bureau that he had hardly been back during this period.

It was in these six years that the huge "Tanyutou Empire" in his mouth collapsed.

The Red Star Capital Bureau noticed that during the years when Tan Changan was not in Chengdu, news broke out sporadically about Tan Yutou.

For example, "Tan Changan, the chairman of Tan Yutou, denied that Macao owed 21 million yuan", "Sichuan debt collection company shared many debts that Tan Yutou was involved in and once owned more than 111 chain stores all over the country", and "Who owned the brand right after the property where Tan Yutau lived was auctioned off?" "What about the membership card that Tanyutou successively changed hands for RMB 1,111?" ?

behind these gimmicky news headlines, Tan Yutao's deteriorating business situation is obvious.

But officially acknowledging the fall of Tan's fish head is what Tan Changan said in his personal video account on October 24: "Such a huge catering system collapsed in just a few years, which shocked the catering industry and myself."

Tan Changan said that in the past, she had tens of thousands of employees, hundreds of acres of factory buildings, nearly 11 billion assets and stores all over the country, including Taiwan Province and Hongkong. Since then, Tanyutou has become the first enterprise to take hot pot abroad, and "once reached the peak of catering".

Now, in mid-August this year, Tanyutou closed its last store in Chengdu, the base camp. Most of the remaining stores in other cities were "promiscuous" by Tan Yutou's employees back then. "It's fake!" Tan Changan said.

With the closure of shops all over the country, the local companies, decoration companies and logistics companies that were established to cooperate with the operation have also been cancelled, revoked and dissolved.

according to tianyancha APP, many companies related to Tanyutou have been cancelled or revoked.

Both backdoor attempts failed

"It's destiny takes a hand can't go public, so we shouldn't force it"

Tan's head really started to decline, and Tan Changan himself clearly summed it up like this: it was because he wanted to go public.

It is reported that in 2111, Tan Changan went to Hong Kong to set up Hong Kong Tanyutou Group Holdings Limited (hereinafter referred to as "Hong Kong Tanyutou"); In 2113, the first Tanyutou branch in Hong Kong opened in Causeway Bay.

Tan Changan said that the purpose of opening a company and a branch in Hong Kong is to go public.

"After we started our company in Hong Kong, we all followed the rules of listing. The accounting firm we hired is also PricewaterhouseCoopers, and all the standards have been done by standardized listed companies. " Tan Changan introduced.

In p>2119, Tan Changan met the first listing opportunity.

At that time, Fuji Food (11175, HK) filed a liquidation application with the High Court of Hong Kong on October 9 due to cash flow, staff turnover and other problems. Tan Chang 'an took a fancy to this shell resource, and Fu Ji also has restaurant resources in the mainland. He was very excited. He cooperated with Huang Yinghao, then chairman of Hong Kong Resources (12882, HK), and prepared to win the Fuji.

According to Tan Changan, at that time, he had already submitted a bid to Deloitte & Touche, the liquidator of Fuji, and paid a deposit of RMB 17 million to win Fuji for HK$ 238 million, only one step away from the capital market. Tan Changan recalled that Huang Yinghao's subsequent talk to the media led to the failure of this reorganization. "After his interview, many mainland catering enterprises flocked to him. The real kung fu is here, and so is South Beauty. "

finally, all these catering enterprises failed. Anhui Venture Capital, with a state-owned background, collected Fuji at a price of HK$ 658 million.

the second backdoor is even more dramatic.

In p>2111, on a plane trip, Tan Changan met a fellow villager in Chengdu. This fellow villager said that he has a "shell" for making medicine in Hong Kong, but his business is not good and he wants to sell it. The Red Star Capital Bureau noticed that this time the shell was the then Vio Group (11164, HK).

Similar to the first backdoor story, when he was preparing to quietly win Vio Group for more than HK$ 211 million, he was "robbed" by China Uranium Industry Development Company under China Guangdong Nuclear Power (HK) for more than HK$ 984 million.

after two unsuccessful backdoor attempts, Tan Yutou began to prepare his own IPO. Tan Chang 'an thinks that it is this decision that directly affects the fate of Tan's fish head.

Tan Changan recalled that a gambling agreement had been signed with a venture capital company in Hong Kong at that time: the venture capital invested 21 million US dollars, and it took Tan Yutou three years to achieve the profit target and put the company on the market. Tan Changan said that according to the scale of 21 million US dollars, he began to prepare, decorate and open stores intensively, and even made equity investments in some other hot pot companies.

But according to Tan Changan, the promised $21 million has been spent, but the VC's money only came in the previous $5 million. And this $15 million hole directly caused the tension of the subsequent capital chain.

In p>2113, another news made Tan Changan's financial problems worse. At that time, the Sichuan media released a message saying that a small loan company brought Tan Yutou Investment Company and Tan Changan to court, demanding that they immediately repay the loan principal of RMB 15 million and interest of RMB 2.2 million.

The news of the size of "tofu block" further reduced Tan Changan's reputation in the bank and made it more difficult to borrow money. As for the 15 million yuan owed to the small loan company, Tan Changan said that this is the loan for his younger brother and the guarantee he made. My brother didn't pay back the money, so he was also taken to court.

Even so, Tan Changan said that there is still a loan line of 51 million yuan in Hangzhou Bank. However, counting the high loan interest, it is difficult for him to meet the profit requirements in the gambling agreement, and he will also face high gambling compensation.

in this way, "several things are linked together, and the time is delayed. In the end, there is no such thing."

"It's destiny takes a hand that we shouldn't go public, so we shouldn't force it." Tan Changan said.

The gambler

did gamble. I was stupid.

When I won the money, I gave it to everyone. Everyone came when they heard that I won.

Talking about Tan Changan, gambling, is an unavoidable topic.

When searching for the keyword "Tan Fish Head" in Baidu and other search engines, the first phrase that pops up is: Tan Fish Head's boss, Macau, lost all his money. Tan Changan analysis? The reason for "crashing" Tan Yutou is that he wants to go public, and in many analysis articles, Tan Changan's gambling habit is the direct cause of Tan Yutau's fall.

Baidu search? "Tan Fish Head", the related word jumps out of "Tan Fish Head's boss lost all his money in Macau"

According to reports, Tan Changan once appeared on the closed debt collection website "Good World" in Macau, and was recovered for gambling money of 21 million yuan.

Tan Changan said that this statement is unreasonable.

"I did gamble. I can't avoid this." Interestingly, Tan Chang 'an's focus is not on his "not gambling", but on his "record":

"He didn't gamble all his money, as he was told. Actually, I won. "

When talking about this topic, Tan Chang 'an showed obvious excitement, and held out his hand to show everyone present the action of "giving money": "At that time, my friends loved to go to the casino with me, and I gave money to everyone when I won. For example, if I give you 1 million yuan and give him 211 thousand yuan, everyone will come as soon as they hear that I won the money. "

how did the gambling debt on the debt collection website come from?

Tan Changan said that many friends who go to casinos together will take chips from him to gamble. "It's equivalent to giving you a principal of 3 million, and he takes 5 million, but he won't recognize it later, and he can't collect the money, so the account will be on me."

apart from the generosity in the casino, Tan Changan said that she usually does the same. "My employees are famous brands from head to toe. I bought shirts, suits and leather shoes. It costs millions to buy clothes every year. "

"I'm so stupid." Tan Changan said.

Probably because of the ups and downs of gambling experience, Tan Changan said that he had no idea about money. Just like Jack Ma, who was teased by netizens about Versailles, he repeatedly stressed: "I don't care much about money" and "how much money I earn is not important" during the chat with Red Star Capital Bureau.

"Making money is not the ultimate goal of people, but to live a relaxed and happy life."

Compared with the photos of his high spirits in his glory days, Tan Changan is a paunchy man now. Talking casually, just like an ordinary fat middle-aged person. Chatting with Tan Changan after the interview, he said that if there was no interview arrangement, he would have gone to the market to buy dried peppers in the bottom of hot pot. "They young people can't buy them."