Indian Express
Sign In | Register Now
Newsletter | ePaper
Indian Express >  Business > 

Britannia drags Danone to court over Tiger IPR

Font Size
Agencies Posted: Sep 21, 2007 at 0044 hrs IST
Related Stories: Rs 25 lakh & below home loans: Plan to cut 2.5%‘Business will be back to normal’‘Business will be back to normal’Business of business will continue: KV KamathIn times of terror, air travellers prefer groundGot a life cover? Check again for terror clause
MUMBAI, SEPTEMBER 20: The tussle between Britannia Industries and Danone over intellectual property rights (IPRs) of the Tiger brand of biscuits has finally reached court, with the Indian firm initiating legal action against the French food giant in Singapore. “Based on legal advice and under the direction of its IPR committee, Britannia — which is jointly controlled by Nusli Wadia and Danone — has initiated legal action against Groupe Danone in Singapore pertaining to Tiger IPR,” Britannia said in a statement.

When contacted, a Danone spokesperson said it had a different position from Britannia regarding the IPR of Tiger. “We have tried to find a solution amicably. So a third party as a judge will be welcome to arbitrate,” the Danone spokesperson said.

A Britannia statement said its chairman Nusli Wadia resigned on Wednesday from the IPR panel to ensure that there was no conflict of interest in dealing with Tiger IPR matter and talks between the Wadia Group and Danone over shareholder issues. The IPR committee will now be headed by Vijay Kelkar, an independent director. It will consist of Britannia managing director Vinita Bali and two other independent directors Nimesh Kampani and Keki Dadiseth.

Ads By Google
The IPR Committee was created in May 2006 to deal with all IPR matters of the company and for the last year has been working to resolve the issue of use and registration of the Tiger brand by Groupe Danone in several countries without the consent of the Britannia Board, the company said.

In June, Danone had expressed its intention to exit Britannia to ease its India entry plans. The Wadias and Danone own 50 per cent in UK-based Associated Biscuits International Holdings, which holds 51 per cent in Britannia.

Recently, Danone had sold its global biscuits business to Kraft Foods except in India, where it is one of the promoters of Britannia. Wadia and Danone hold almost equal stake in Britannia through Associated Biscuits International Holding.

The much-awaited meeting between Groupe Danone chairman Franck Riboud and Nusli Wadia earlier this month failed to materialise into anything concrete.

Ads By Google
Post Comments
Message*
Maximum characters allowed     
 
Name* Email ID*
Subject* Country*
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.
View all Messages [ 0 ]
View all Messages [ 0 ]
Group Websites : Express India | Financial Express | Screen India | Loksatta | Kashmir Live | Biz Publications
Privacy Policy | Feedback | Site MapThe Indian Express Group | Work With Us | Adverise With Us | Contact Us© 2008 Indian Express Newspapers (Mumbai) Ltd. All rights reserved
*Recipient(s) name *
*Recipient(s) e-mail address *
(Separate addresses by commas)
*Your Name *
*Your e-mail address *
Select your Country
Comments(optional)

The name(s) and e-mail address(es) you provide will
not be used for any purpose other than to inform the
recipient(s) of your identity. (*mandatory field)
 
Close