Thursday, February 22, 2018

The Employee Competitor: Spy in the Yogurt

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The American yogurt market has remained pretty steady over the past few years, yet the yogurt areas in all my go-to grocery stores keep expanding, meaning it’s an increasingly competitive industry, and this fosters the sort of tense environment that sometimes can lead to suspicions of corporate espionage.

On Wednesday, Bloomberg reported that Dannon Co. sued its former senior vice president, Federico Muyshondt, alleging he divulged trade secrets to colleagues at his new job, which is with Chobani LLC. Both of these companies, obviously, are renowned for their yogurt.

According to the complaint—filed in a federal court in White Plains, New York—Muyshondt stands accused of pilfering details of Dannon’s business strategy, plans for forthcoming products, and lists of customers before he left the company in January to take a job with Chobani, which was not named as a defendant in the lawsuit. more