NEW DELHI: The Wadia Group has written to American company Kraft Foods, warning that if the latter acquires Danone’s stake in Britannia, it will have to inherit all the liabilities and disputes of the French company in India. This is seen as an attempt by the Wadias to discourage Kraft from entering Britannia.
The Wadia Group’s warning has international ramifications as well. Britannia and Danone are engaged in a global fight over the Tiger trademark—Britannia’s indigenously-developed biscuit brand.
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Thursday, August 30, 2007
Wadias trying tricks to ward off Kraft from Britannia
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