Danone Wants Wahaha to Negotiate End to China Feud
French food group offered to drop all legal actions against Hangzhou Wahaha Group.
Danone in late November had offered to suspend six legal proceedings against Wahaha as a sign of good faith but had been rebuffed. Danone and Wahaha have been exchanging accusations and lawsuits for months.
The French company has accused Wahaha of setting up parallel operations outside their ventures that sell Wahaha-branded products such as soft drinks and bottled water.
Danone said this week it would appeal against a Chinese arbitration commission's decision that would force it to hand back the best-selling Wahaha beverages brand to the Chinese firm.
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