Boondoggle


Sunday August 26

Danone>< Wahaha in China

Picture_14 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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