Press reports indicate that Tyson Foods will sell its stake in joint venture Godrej Tyson Foods to the holding company, Godrej Agrovet. Neither party has commented on the transaction. Godrej Tyson was a leading producer of processed chicken in India marketing under the Real Good and Yummiez brands.
Agricultural and QSR JVs have a decidedly rocky tenure in India. This must be attributed to differences in business culture, the appallingly inefficient and byzantine legal system and failure to recognize the intent and strictures of legal agreements. Indian JV partners seem to end up with the assets including technology and proprietary information and the foreign partner departs with experience and frequently a figurative or literal pain in the gut.