French food giant Danone is still seeking a solution to the dispute with joint venture partner Wadia, even as speculation mounts that the company is planning a solo foray into the Indian market.
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Danone holds a 50.95% stake in Indian food group Britannia Industries, while Wadia controlls the remaining 49.05% of the company’s capital. Britannia produces biscuits, breads and cakes under Tiger and other brands for the Indian market.
Wadia has threatened legal action against Danone over the company’s use of the Tiger brand in international markets. Danone sells the Tiger brand, which was established in 1995 by Britannia, in Indonesia, Malaysia, Singapore, Pakistan and Egypt. It has reportedly registered it in 70 other countries.
“Danone confirms that discussions with the Wadia Group are still ongoing and that Danone is working diligently to find a favourable solution for both partners,” a Danone spokesperson told just-food today (25 May).
Recent reports have suggested that in response to the deadlock, Danone is planning to launch a standalone food business in India.
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By GlobalDataWhile the company declined to comment on these rumours, it did confirm the group’s ongoing interest in the market.
“Danone wishes to ratify its interest in the Indian market, where we have been present for more than ten years,” the spokesperson said.
