A pre-trial hearing has opened this week in Milan to determine if
and how the founder of Italian dairy giant Parmalat, Calisto Tanzi,
should be brought to trial along with over 24 former company
officers, consultants, and ex-auditors,...
Parmalat, the Italian dairy company which has been in the hands of
the administrators since collapsing with massive debts last year -
has continued to take legal action against a number of leading
financial institutions in a bid to...
Despite Italian food giant Parmalat's financial crisis, its
divisions in both Romania and Hungary continue to operate. Indeed,
Parmalat Hungary is expecting that in the run up to accession,
production will increase in response...
Parmalat representatives from across Europe will meet today to
discuss the measures that the new management will take to help its
distressed units. Trade union leaders in Hungary claim that the
Eastern European country's unit...
The collapse of Italian dairy giant Parmalat -and revelations of
massive and widespread fraud - has been felt throughout the world,
not least because the Parma-based group was such an international
player. In central and eastern Europe,...
An emergency decree passed late last month by the Italian
government in a bid to save dairy giant Parmalat from collapse
looks set to win support from the European Commission on the back
of guarantees that there will be no state bail-out...
As the scandal surrounding Italy's food and giant Parmalat deepens,
Berlusconi's government rustles up emergency measures to tackle
'Europe's Enron', with a strategy to save jobs and pay the
Italian food group Parmalat has been busy this week. Not only has
it opened its first bottled water bottling plant in the Canadian
province of Quebec, it has also begun legal proceedings against
Agrinove over an alleged copyright...
Italian food group Parmalat said on Tuesday it would spend a
maximum of 100 million euros ($89.13 million) if it bought Danone's
Galbani unit while a financial partner would take a majority stake
in the firm.