According to the Economic Voice "Financial Morning Post" report, Da Vinci, who is caught in the "fake" storm, must face the dilemma of running a cold. Da Vinci Home Company's director and spokesperson met with a handful of media and said frankly that in the ten days since the incident, the company's sales have dropped by 80% to 90%, and the amount of refunds required by consumers involves tens of millions. It is planned to add three new stores to expand the plan in the next two years. According to reports, Da Vinci has received dozens of consumer refund requests involving tens of millions of yuan. The relevant person in charge said that if any product is identified as a non-conforming product by the relevant government departments of China, Da Vinci and the Italian manufacturer will be responsible for the replacement or return of the goods in strict accordance with the regulations, and accept administrative punishment. For those customers who have purchased American brand furniture originating in China, if they are not satisfied, Da Vinci will also solve the problem after consultation. Li Shufu, chairman of Geely Group, is doing everything he can to push the huge Geely forward. Geely Group announced the launch of a financing plan for a one billion yuan corporate bond, and said that the proceeds will be used for fixed asset investment projects, repayment of bank loans and replenishment of funds required for group operations. At present, the total debt of Geely Group has reached 71 billion yuan. The issuance of 1 billion yuan of bonds this time means that the Geely Group, which has already tightened its capital chain, will face more severe debt repayment pressure.
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