宗馥莉的继承之战，会把娃哈哈打散吗？

Core Viewpoint - The inheritance dispute involving 35 billion yuan threatens the financial foundation and family control of Wahaha Group, marking a significant challenge for its current leader, Zong Fuli [1][2][6]. Group 1: Inheritance Dispute - Three claimants, identified as non-marital children of the founder Zong Qinghou, have initiated lawsuits in Hong Kong and Hangzhou, seeking to reclaim $2.1 billion in offshore trust assets and a share of Zong Qinghou's 29.4% stake in Wahaha Group, totaling 35 billion yuan [1][2]. - The outcome of this dispute could lead to a restructuring of Wahaha's ownership, potentially destabilizing Zong Fuli's control over the company [2][12]. - The current ownership structure consists of 46% state-owned shares, 29.4% held by the Zong family, and 24.6% by employee stock ownership, creating a delicate balance that may be disrupted if the claimants succeed [5][7]. Group 2: Zong Fuli's Leadership Challenges - Zong Fuli has faced multiple crises since taking over Wahaha, including factory shutdowns and disputes over production contracts, which have raised questions about her leadership capabilities [3][6]. - Her management style contrasts sharply with that of her father, focusing on institutional reforms and rapid changes that have alienated some long-standing employees [11][12]. - The complexity of the "external Wahaha empire," which controls over half of Wahaha's production capacity, poses additional challenges for Zong Fuli, as it relies heavily on her father's influence [12][20]. Group 3: Strategic Shifts and Brand Control - Zong Fuli's attempts to transfer 387 Wahaha trademarks to her own company, Hongsheng Group, were halted by state-owned stakeholders, indicating a lack of trust and complicating her strategic shift towards the Hongsheng system [5][19][22]. - The potential loss of trademark control could severely undermine Zong Fuli's position, as Wahaha Group retains the ability to revoke brand licenses, which are crucial for her operational strategy [18][22]. - The ongoing trademark and ownership disputes highlight the historical complexities of Wahaha's brand management, rooted in past agreements with foreign partners [20][22].