The Failure of Parmalat

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Seminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: A = 1, International University in Germany Bruchsal (School of Business Administration), language: English, abstract: Parmalat Finanziaria S.p.A. literally latte di Parma (milk of Parma) was founded in1961 as a small milk-packaging company. In the mid-1970s, Parmalat Finanziaria(hereafter Parmalat) started to process fresh milk in order to make it durable for days,even without a refrigerator. Driven by its success in the long-life milk market, Parmalatstarted to launch a massive acquisition spree to spread the business through Europe, LatinAmerica and Africa. (www.zmag.org) not according to citing guideLater on, the company also began to produce vegetables, baked goods as well as fruitjuices and grew to the number three cookie producer in the US.Parmalat became a transnational corporation in the food industry with sales touchingseven billion the graph shows more than 7 billion euro in 2002, more than 36,300employees, and operations in more than 100 countries worldwide.

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