This article refers to the Sino-French joint venture. For the Chinese holding company, please see Hangzhou Wahaha Group Wahaha Joint Venture Company(娃哈哈合资公司) 100pxType privateIndustry FoodFounded 28 March 1996Headquarters Hangzhou, ChinaArea served ChinaKey people Emmanuel Faber ChairmanProducts Dairy products, Water, Soft drinksRevenue €100 millionOperating income 5%Parent Groupe DanoneWebsite wahaha. com.
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- This article refers to the Sino-French joint venture. For the Chinese holding company, please see Hangzhou Wahaha Group Wahaha Joint Venture Company(娃哈哈合资公司) 100pxType privateIndustry FoodFounded 28 March 1996Headquarters Hangzhou, ChinaArea served ChinaKey people Emmanuel Faber ChairmanProducts Dairy products, Water, Soft drinksRevenue €100 millionOperating income 5%Parent Groupe DanoneWebsite wahaha. com. cn The Wahaha Mikado 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.
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- This article refers to the Sino-French joint venture. For the Chinese holding company, please see Hangzhou Wahaha Group Wahaha Joint Venture Company(娃哈哈合资公司) 100pxType privateIndustry FoodFounded 28 March 1996Headquarters Hangzhou, ChinaArea served ChinaKey people Emmanuel Faber ChairmanProducts Dairy products, Water, Soft drinksRevenue €100 millionOperating income 5%Parent Groupe DanoneWebsite wahaha. com.
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- Wahaha Joint Venture Company
- (娃哈哈合资公司)
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