Its central location was again important to the establishment in 1927 of a dairy processing factory by the Hunter Valley Dairy Co-operative, which established the "OAK" milk brand, which is now owned by Parmalat.
As Parma faced financial difficulty as their sponsor Parmalat was facing scandal, Matteo Ferrari and Castellini, one of the backbone of the defensive line, were turn to cash and washed out to decrease wage expense.
Specialty Foods sold Mother's and Archway to an Italian firm, Parmalat Finanziaria in 2000 for $250 million.
He held that position for six years, leading the Emilian club to its first promotion in the Italian top flight and then turning the team into a major one in the Italian Serie A, thanks also to the relevant financial backing from chairman and Parmalat founder Calisto Tanzi, and winning a Coppa Italia 1992 and a Cup Winners' Cup in 1993 together with the European Super Cup the same year and a UEFA Cup in 1995.
The catalyst for the change from yellow and blue to white was the club's re-foundation and renaming from Parma Associazione Calcio to Parma Football Club after Parmalat's financial meltdown.
The Public Interest Oversight Board (PIOB) was established after a series of corporate scandals, including the collapse of Enron and WorldCom in the United States and of Parmalat in Europe, led to demand for an independent body to oversee auditors and to ensure that audit standards are in the public interest.
Ultimately the administrator had set-up a new company "Parma FC SpA" from "Parma AC SpA" in order to overcome the fall of their sponsor Parmalat in 2004.
Parmalat |
He left them after a short spell to resume his career in Nicaragua and played for Real Estelí, Parmalat and América Managua, whom he left in summer 2006 for a short stint at Masatepe.
Later in the year, the L-VIS system was used to provide Parmalat virtual advertising in the center-circle of a soccer pitch during the Parmalat Cup played at the NJ Meadowlands Stadium.
Companies like Pets.com (2000), Enron Corporation (2001), One.Tel (2001), Sunbeam (2001), Webvan (2001), Adelphia (2002), MCI WorldCom (2002), Parmalat (2003), American International Group (2008), Bear Stearns (2008), Lehman Brothers (2008), General Motors (2009) and Satyam Computer Services (2009) were among the most widely scrutinized by the media.
The company is the sixth milk producer company in Brazil, and have many major competitors such as the Brazilians LBR - Lácteos Brasil, BRF and multinationals such as Nestlé, Danone and Parmalat.