Danone>< Wahaha in China
If you haven't read anything about this epic battle, read this good overview in Der Spiegel of what happened between these two giants in China."Danone is losing about $25 million a month because of the quarrel. Its
stock has suffered, losing 15 percent of its value since February (...) The multinational food company, which earned
revenues of €14.1 billion ($19.2 billion) in 2006, has since slipped
into the role of public enemy No. 1 in the People's Republic, partly as
a result of its clumsy and arrogant handling of the situation."
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