Weetabix proves to be an unsavory lesson for China Inc

Weetabix proves to be an unsavory lesson for China Inc

A customer places a packet of Weetabix breakfast cereal, produced by Weetabix Ltd., is into a shopping cart in this arranged photograph at a supermarket in Slough, U.K., on Monday, April 23, 2012. Photographer: Jason Alden/Bloomberg

Before HNA Group Co. or Fosun International Ltd. came along with their takeovers of everything from beach resorts to football teams, the most famous of China’s acquirers was Bright Food Group Co., a Shanghai government-backed firm best known domestically for its White Rabbit milk candy.

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