Wahaha vs Danone
III. Wahaha Versus Danone :
a) The Joint-Venture :
1- Analysis of the conflict between Danone and Wahaha: In an interview with internet portal Sina quoted as saying, Zong Qinhou, boss of Wahaha Group, the first Chinese beverage producer Danone owns 51% of which, called the Chinese government "to enact rules to protect domestic companies from malicious acquisitions ", denouncing the takeover attempt of subsidiaries of his company by the French.
Verbal attacks against Zong Danone represent a "habitual attitude" of the boss of Wahaha Group during negotiations, said Tuesday in an AFP spokesman for French food group in Paris.
According to Danone, which does not wish to comment on these statements, the French group wants Wahaha to integrate the companies owned by Mr. Zong who work almost exclusively for the first beverage manufacturer in China.
Contractor well known in China and a delegate to the National People's Congress (ANP, Parliament), Mr. Zong said that Danone wants to buy four billion yuan (517 million) subsidiaries, which are not affected by the initial agreement both partners, and to acquire exclusive use of the Wahaha brand in the beverage and food.
He said he would resist attempts to Danone.
"I told them so solemn that the Chinese are now standing, that we are no longer at the time of the invasion by China of the eight foreign alliances," said Zong at Sina, referring to the intervention In 1900 troops from France, Britain, Germany, Austria-Hungary, Russia, Italy, Australia and the United States, to suppress the Boxer movement.
"China has its own sovereignty, its own personality, but you continue to talk in a threatening manner, which increases our indignation," he adds.
Zong immediately received the support of its employees to believe a letter signed by "all employee representatives", published by Sina.
In the Asia-Pacific, Danone achieves a turnover of 2.1 billion euros and employs over 41,000 people, Wahaha counting the
a) The Joint-Venture :
1- Analysis of the conflict between Danone and Wahaha: In an interview with internet portal Sina quoted as saying, Zong Qinhou, boss of Wahaha Group, the first Chinese beverage producer Danone owns 51% of which, called the Chinese government "to enact rules to protect domestic companies from malicious acquisitions ", denouncing the takeover attempt of subsidiaries of his company by the French.
Verbal attacks against Zong Danone represent a "habitual attitude" of the boss of Wahaha Group during negotiations, said Tuesday in an AFP spokesman for French food group in Paris.
According to Danone, which does not wish to comment on these statements, the French group wants Wahaha to integrate the companies owned by Mr. Zong who work almost exclusively for the first beverage manufacturer in China.
Contractor well known in China and a delegate to the National People's Congress (ANP, Parliament), Mr. Zong said that Danone wants to buy four billion yuan (517 million) subsidiaries, which are not affected by the initial agreement both partners, and to acquire exclusive use of the Wahaha brand in the beverage and food.
He said he would resist attempts to Danone.
"I told them so solemn that the Chinese are now standing, that we are no longer at the time of the invasion by China of the eight foreign alliances," said Zong at Sina, referring to the intervention In 1900 troops from France, Britain, Germany, Austria-Hungary, Russia, Italy, Australia and the United States, to suppress the Boxer movement.
"China has its own sovereignty, its own personality, but you continue to talk in a threatening manner, which increases our indignation," he adds.
Zong immediately received the support of its employees to believe a letter signed by "all employee representatives", published by Sina.
In the Asia-Pacific, Danone achieves a turnover of 2.1 billion euros and employs over 41,000 people, Wahaha counting the