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, Wahaha’s comments come after its founder Zong Qinghou stood down as boss of Wahaha Joint Ventures.

Mr Zong said he was leaving the joint venture firm because Danone had harmed his reputation. Danone 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
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Categories: Economy