Parmalat is Europe’s Enron.
January 23, 2011
Parmalat is a corporate disaster comparable in size and complexity to its major U.S. rivals, and thus quickly call “Europe’s Enron.”
In Italy in 1961, Calisto Tanzi took over family preserved-meat business, which he went on to found as Parmalat. After going public in 1990, Parmalat expanded at a breakneck pace during the rest of the decade, acquiring operations in the United States, Germany, France, Brazil, and South Africa. From 1995 through
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