Parmalat will soon have protection from ...

Mon, 29 Dec 2003

Parmalat will soon have protection from its creditors, but that may not be enough to keep the global milk and cookie empire from crumbling. With £8 billion in reported debt, a black hole in off-balance sheet obligations and £3 billion in cash missing, Parmalat will have to sell either a lot of milk or a lot of assets.