Parmalat

Parmalat SpA, an Italian dairy and food company and Europe's biggest dairy company, was declared bankrupt in late 2003. Its worldwide operations include almost 140 production centers. Over 36,000 workers around the world collect Parmalat pay packets, and 5,000 Italian dairy farms are dependent on the company for the bulk of their business.

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In 1961, Calisto Tanzi, a 22-year old college dropout, opened a small pasteurisation plant in Parma, Italy. Four decades later the company had emerged into a global giant diversifying into milk, dairy, beverage, bakery, and other product lines in the 1980s, becoming listed on the Milan stock exchange in 1990, and expanding further in the 1990s.

Italian: Italian may refer to:...

Dairy: A dairy is a facility for the extraction and processing of animal milk (mostly from cows, sometimes from buffaloes, sheep or goats) for human consumption. The end product of such processes are known as dairy products. In Australia a dairy is also a shop or company that sells dairy products. In New ...

Food: Food is any substance consumed by living organisms, including liquid drinks. Food is the main source of energy and of nutrition for animals, and is usually of animal or plant origin....