Financial Times FT.com

Danone ends partnership with Wadia

By Jenny Wiggins

Published: April 14 2009 19:16 | Last updated: April 14 2009 19:16

Danone, the French dairy group with a history of troubled foreign ventures, said on Tuesday that it would make future investments in India “independently” after ending its rocky 13-year partnership with the country’s Wadia Group.

Danone and Wadia, an Indian conglomerate, shared ownership of Indian biscuit group Britannia in a 50-50 joint venture but the partnership descended into acrimony amid disagreements over the French company’s use of the Tiger biscuit brand.

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