The Wahaha Joint Venture Company is a food and beverage joint venture company established between the Hangzhou Wahaha Group, the largest beverage producer in China, and Danone, one of the world's largest food conglomerates. The companies have been partners since 1996 in a business model Forbes magazine hailed as a "showcase" joint venture. As the businesses expanded and became more complex, Danone had made several attempts to buy out Wahaha, but was rebuffed.

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  • 5
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dbpedia-owl:Company/product
dbpedia-owl:Organisation/foundationDate
  • 1996-03-28 (xsd:date)
dbpedia-owl:Organisation/keyPersonPosition
  • Emmanuel Faber Chairman
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  • 100000000
dbpedia-owl:foundationDate
  • 1996-03-28 (xsd:date)
dbpedia-owl:industry
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  • Emmanuel Faber Chairman
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  • 5
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  • 100000000
dbpprop:abstract
  • The Wahaha Joint Venture Company is a food and beverage joint venture company established between the Hangzhou Wahaha Group, the largest beverage producer in China, and Danone, one of the world's largest food conglomerates. The companies have been partners since 1996 in a business model Forbes magazine hailed as a "showcase" joint venture. As the businesses expanded and became more complex, Danone had made several attempts to buy out Wahaha, but was rebuffed. Danone and Wahaha's General Manager Zong Qinghou signed a deal in December 2006, allowing Danone to buy a majority stake in the non-JV operations. However, Zong had second thoughts about the deal and reneged, claiming the offer was underpriced. It is alleged that he wanted to squeeze a higher price out of Danone. For a trademark dispute, Danone filed for arbitration in Stockholm on 9 May. On 4 June, Danone filed suit in Los Angeles Superior Court against Ever Maple Trading and Hangzhou Hongsheng Beverage Co Ltd, companies controlled by Zong's wife and daughter who run the two companies. On 21 December 2007, Danone and the Chinese partner agreed to suspend their legal battle and resume negotiations.
dbpprop:areaServed
  • China
dbpprop:companyLogo
dbpprop:foundation
  • 28 March 1996
dbpprop:homepage
dbpprop:industry
dbpprop:intl
  • yes
dbpprop:keyPeople
  • Emmanuel Faber Chairman
dbpprop:location
dbpprop:name
  • Wahaha Joint Venture Company (娃哈哈合资公司)
dbpprop:operatingIncome
  • 5
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  • 100000000
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  • private
dbpprop:wikiPageUsesTemplate
rdf:type
rdfs:comment
  • The Wahaha Joint Venture Company is a food and beverage joint venture company established between the Hangzhou Wahaha Group, the largest beverage producer in China, and Danone, one of the world's largest food conglomerates. The companies have been partners since 1996 in a business model Forbes magazine hailed as a "showcase" joint venture. As the businesses expanded and became more complex, Danone had made several attempts to buy out Wahaha, but was rebuffed.
rdfs:label
  • Wahaha Joint Venture Company
skos:subject
foaf:homepage
foaf:name
  • Wahaha Joint Venture Company
    (娃哈哈合资公司)
foaf:page