Danone is losing about $25 million a month because of the quarrel. Its stock has suffered, losing 15 percent of its value since February, both as a result of these losses and of the uncertainty the severity of the dispute has created in the markets.(h/t to Jan van de Bergh)
Weblog with daily updates of the news on a frugal, fair and beautiful China, from the perspective of internet entrepreneur, new media advisor and president of the China Speakers Bureau Fons Tuinstra
Monday, August 27, 2007
Danone looses US$25 million per month on Wahaha
I had almost forgotten about the classic case between the French food company Danone and its Chinese partner Wahaha. Der Spiegel gives a decent overview of the case and summarizes the damage:
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