This case is about Europe’s largest corporate scandal and one of the most dramatic company turnarounds in history. It follows Parmalat, an Italian family-run dairy company, from its rise to importance on the global stage, its shocking collapse into bankruptcy following revelations of accounting fraud, and through Enrico Bondi’s methodical process of rebuilding the company. The C case focuses on the restructuring plan and its early successes in regaining financial stability and consumer trust.