Tuesday, December 18, 2007

Danone Group v. Wahaha: Round III

Groupe Danone said on Monday that requests brought by Wahaha's trade union in its latest lawsuit against the French food group had no legal ground. Danone said in a statement that it had not received a court notice on the suit, but it was ready to respond by legal means. Wahaha's trade union filed the suit against Groupe Danone and its two subsidiaries on December 6 in the eastern province of Shandong. It claimed the company had damaged the interests of Wahaha workers by holding shares and appointing the same board directors in the competitors of the Danone-Wahaha joint venture. It had also damaged Wahaha's reputation in the media. The union asked Danone to stop holding shares in the non-Wahaha-Danone joint ventures and asked for 10 million yuan (1.35 million U.S.dollars) compensation.
Good luck boys.

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