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A. Marcus, R. Goodman (1991)
Victims and Shareholders: The Dilemmas of Presenting Corporate Policy During A CrisisAcademy of Management Journal, 34
In February 1990, Frenchbased Perriervoluntarily recalled 70 million bottles of waterproducts after detecting abnormal traces ofbenzene. In addition to management problemsassociated with regulators, a scrutinising pressand the consuming public, this industrial crisis ledto at least 40 million in lost sales. The stock valueof Perrier also declined markedly due to the recall.Company officials acted quickly to contain thedamage by launching a public relations campaignhowever, residual damage in retail and restaurantsales persist.
Industrial Management & Data Systems – Emerald Publishing
Published: Jul 1, 1991
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