New Twist in Danone’s China Row – BBC News

_41326315_danone203b.jpg From BBC News:

China’s largest drinks maker Wahaha, has said it will not accept French firm Danone ‘s choice as the new chairman of the two companies’ joint venture.

Escalating a dispute between the two groups, ’s comments come after its founder Zong Qinghou stood down as boss of Wahaha .

Mr Zong said he was leaving the joint venture firm because had harmed his reputation. claims Wahaha has been illegally selling copies of its drinks. [Full text]

See also: Chairman of Danone’s joint venture in China, Wahaha, resigns on International Herald Tribune.

June 8, 2007 4:09 PM
Posted By:
Categories: Economy