Parmalat

Parmalat is an Italian dairy and food company known for producing milk, cheese, and other dairy products. Founded in 1961, it became one of Europe's largest dairy companies. The company grew rapidly through innovation and expansion but faced a major scandal in 2003 when it was revealed that its executives had committed a massive accounting fraud, hiding billions of euros in debts. This led to a financial crisis, legal actions, and restructuring. Today, Parmalat operates globally, focusing on producing high-quality dairy products, and has recovered from its scandal to re-establish its reputation.