Core Viewpoint - The recent controversy surrounding the leadership of Qindao Double Star, particularly the alleged power struggle involving Wang Hai and his family, has brought the company back into the public eye, raising questions about its governance and future direction [2][3][4]. Group 1: Leadership and Governance Issues - Wang Hai, the 84-year-old president of Qindao Double Star, claims he has been threatened and physically restrained by his son and daughter-in-law in an attempt to seize control of the company [4][6]. - The authenticity of Wang Hai's public letter, which details these allegations, is disputed, with company representatives stating it may be fake [3][4]. - Wang Hai remains a significant figure in the company, despite his family members holding a majority of shares, with his daughter-in-law Xu Ying owning approximately 45.569% [7][15]. Group 2: Company History and Market Position - Qindao Double Star, originally established in 1921, has a rich history in the footwear industry, once dominating the market with thousands of retail outlets [13][14]. - The company has faced challenges in recent years, including a decline in brand relevance and market share, particularly as it caters primarily to older demographics [18]. - The brand's value is reported at 49.2 billion, but specific financial data has not been disclosed, raising concerns about transparency [18]. Group 3: Financial Performance and Challenges - Qingdao Double Star has been struggling financially, with reported losses of approximately 1.76 billion over the past six years, and a cumulative loss exceeding 3 billion in net profit [19]. - The company attributes its financial difficulties to external market competition and ongoing construction of its factory in Cambodia, while competitors have managed to remain profitable [19]. - The company is attempting to alleviate its financial strain through acquisitions, such as the proposed purchase of South Korea's Kumho Tire, which may increase its debt burden [19][20].
84岁“鞋王”被儿孙围堵逼宫?一封流传控诉信揭秘家族权斗细节