Wahaha joint ventures chairman resigned

时间：2007-06-08 05:42:20

（单词翻译:单击）

June 8 - The founder1 and chairman of Chinese beverage2 giant Wahaha, Zong Qinghou, has resigned from his post as chairman of its 39 joint3 ventures with its French partner Groupe Danone, a statement from Wahaha said on Thursday.

 

"Zong sent a letter to Groupe Danone's headquarters in France, in which he announced his resignation from his post as chairman of the joint ventures," the statement said.

 

Zong also requested in the letter that all staff members of the joint ventures stay at their posts, according to the statement.

 

A subsequent statement from Groupe Danone said "the board has accepted his resignation, and will appoint Emmanuel Faber, currently serving as Vice4 Chairman, as the interim5 Chairman of Wahaha joint venture companies".

 

"Mr Faber hopes that the Wahaha joint ventures will operate as usual," it said.

 

"Danone's objective has been, and will always be, to ensure thedevelopment of the JV companies, their brands and employees. We are looking forward to the continuous development of the Wahaha joint ventures," the media statement by Danone quoted Faber as saying.

 

"As part of its global social responsibility policy, Groupe Danone makes a commitment to the employees of the Wahaha joint ventures to guarantee their job security, their benefits, the improvement of working and living conditions, personal respect anddevelopment," Faber said in the statement.

 

Zong said he would prepare to answer the arbitration6 and lawsuit7 filed by Danone against Wahaha in May 9 and June 4.

 

The dispute between Danone and Wahaha began last year when Danone accused Hangzhou Wahaha of illegally selling products identical to those sold by the companies' joint ventures and using supplier and distributor resources of the joint ventures to carry out its own business operations.

 

Danone demanded a buy-out of a 51-percent stake of the non-joint ventures of Wahaha claiming that Wahaha's use of the brand violated the 1996 agreement between the two parties.

 

But Wahaha said the agreement, with an article restricting Wahaha's independent expansion and signed by both sides, was never approved by China's trademark8 office and so was invalid9 and unenforceable, and the article actually only allowed the joint venture to use the brand name of Wahaha rather than own it.

 

Wahaha and Danone have built 39 joint ventures since 1996, but Danone has managed to hold a 51 percent stake in the joint ventures. Unsatisfied with the cooperation, Wahaha has also established some new companies of its own which also sell products with the "Wahaha" brand.

 

After rounds of negotiations10, Danone finally filed a lawsuit on May 9 in Stockholm, Sweden to solve the dispute with Wahaha.

 

On Monday, Danone filed a lawsuit in the Los Angeles-based Superior Court against the Ever Maple11 Trading Ltd. and Hangzhou Hongsheng Beverage Co Ltd, and two individuals related to these companies.

 

Ever Maple Trading Ltd. is the controlling shareholder12 of Hangzhou Hongsheng Beverage, which is the parent company of Hangzhou Wahaha Food and Beverage Sales Co., Danone's joint venture partner in China.

 
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1 Founder wigxF     
n.创始者，缔造者
参考例句：
  • He was extolled as the founder of their Florentine school.他被称颂为佛罗伦萨画派的鼻祖。
  • According to the old tradition,Romulus was the founder of Rome.按照古老的传说，罗穆卢斯是古罗马的建国者。
2 beverage 0QgyN     
n.(水，酒等之外的)饮料
参考例句：
  • The beverage is often colored with caramel.这种饮料常用焦糖染色。
  • Beer is a beverage of the remotest time.啤酒是一种最古老的饮料。
3 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
4 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
5 interim z5wxB     
adj.暂时的，临时的；n.间歇，过渡期间
参考例句：
  • The government is taking interim measures to help those in immediate need.政府正在采取临时措施帮助那些有立即需要的人。
  • It may turn out to be an interim technology.这可能只是个过渡技术。
6 arbitration hNgyh     
n.调停，仲裁
参考例句：
  • The wage disagreement is under arbitration.工资纠纷正在仲裁中。
  • Both sides have agreed that the arbitration will be binding.双方都赞同仲裁具有约束力。
7 lawsuit A14xy     
n.诉讼，控诉
参考例句：
  • They threatened him with a lawsuit.他们以诉讼威逼他。
  • He was perpetually involving himself in this long lawsuit.他使自己无休止地卷入这场长时间的诉讼。
8 trademark Xndw8     
n.商标；特征；vt.注册的…商标
参考例句：
  • The trademark is registered on the book of the Patent Office.该商标已在专利局登记注册。
  • The trademark of the pen was changed.这钢笔的商标改了。
9 invalid V4Oxh     
n.病人，伤残人；adj.有病的，伤残的；无效的
参考例句：
  • He will visit an invalid.他将要去看望一个病人。
  • A passport that is out of date is invalid.护照过期是无效的。
10 negotiations af4b5f3e98e178dd3c4bac64b625ecd0     
协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过
参考例句：
  • negotiations for a durable peace 为持久和平而进行的谈判
  • Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。
11 maple BBpxj     
n.槭树，枫树，槭木
参考例句：
  • Maple sugar is made from the sap of maple trees.枫糖是由枫树的树液制成的。
  • The maple leaves are tinge with autumn red.枫叶染上了秋天的红色。
12 shareholder VzPwU     
n.股东，股票持有人
参考例句：
  • The account department have prepare a financial statement for the shareholder.财务部为股东准备了一份财务报表。
  • A shareholder may transfer his shares in accordance with the law.股东持有的股份可以依法转让。

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