Under Siege

Ellis, Eric
April 2009
Forbes Asia;4/27/2009, Vol. 5 Issue 7, p20
The article focuses on the various problems faced by Nepal-based Himalayan Distillery Ltd. (HDL), which is one of the country's biggest businesses. The family drinks business, which dates back to the 1870s, is run by Raj Shah and his American-born mother, Maggie. As Nepal's economy has gone backward, HDL's sales for the year were only $17.5 million. The business is not only affected by lesser number of travelers due to recession but also by Maoist insurgency and political instability.


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