: SAGE: Parmalat

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Parmalat

In 1961, a 22-year-old college dropout, Calisto Tanzi, inherited his family-owned prosciutto business, to which he added a pasteurizing facility in Parma, Italy, which was later to become known worldwide as Parmalat. It steadily grew into a diversified multinational dairy, beverage, and bakery company and one of Europe's most influential corporations. [Source: Encyclopedia of Business Ethics and Society; Parmalat]

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