Zong Qinghou, the rags-to-riches founder of Chinese beverage maker Wahaha and once the richest man in the country, has died.
(Bloomberg) -- Zong Qinghou, the self-made billionaire who became China’s richest man by wresting control of the country’s top beverage brand from Danone, has died. He was 79.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniZelenskiy Says 31,000 Troops Killed as Ukraine Seeks US Aid Decision Within MonthNorwegian Cruise Ship Halted at Mauritius Due to OutbreakJack Ma-Backed Ant Outbids Citadel Securities for Credit Suisse’s China JVRisk Models Behind World’s Be
(Bloomberg) -- Nestle SA and Danone are trying to encourage shoppers to buy more branded food products again by easing off on price increases as inflation slows from levels that pushed many consumers to opt for cheaper private labels.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesStocks Around the World Are Swept Up in AI Rally: Markets WrapBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024T-Bills Without Tax Bills? This Fund Says It Cracked the Co