Briefs: Danone, Parmalat and Bulgarian farmer woes
With the festive period sadly done and dusted, DairyReporter.com
takes a look at some of the major happenings over the
Further joint venture upheaval for Danone
Danone says it has terminated another Chinese joint venture, this
time with local dairy group Mengiu, due to a lack of progress in
Court rules against Danone in Wahaha battle
Danone's right to the trademarks of joint venture
partner Wahaha have been terminated after
it lost an arbitration battle in a Chinese court, the group
Danone freezes assets in China venture battle
France-based Danone has successfully frozen the assets of a number
of enterprises allegedly linked to Chinese joint venture partner
Wahaha, on the back of increasing legal pressure over property
rights in the country.
Danone divests to protect nutrition ambitions
Danone and Numico will be forced to offload some of their European
operations to go ahead with their planned merger into one of the
world's leading nutrition companies.
News briefs: Fonterra, Montec and Danone
In this weeks news roundup, Fonterra's health drive is criticised,
Montec boosts yoghurt production and Danone steps up spending in
Danone sells Chinese dairy stake
Danone is a step nearer to going it alone in the Chinese dairy
market after selling its entire 20.01 per cent stake in
Shanghai-based Bright Dairy and Food and terminating a distribution
agreement for its products.
Danone's joint venture strategy bogged down in strife
There was more trouble for Danone's joint-venture operations this
week as the company launched legal action against
Colombia-based rival Alpina in a trademark dispute.
Danone acts over Romanian dioxin fears
Danone has played down fears over the safety of some of its yoghurt
products as it becomes the latest European company to be hit by
concerns over possible dioxin contamination in guar gum.
Court favours Danone in 'cancer water' case
A court in Argentina has dismissed allegations against Danone
that it had engaged in unfair trade practices in the country
against rival Coca-Cola.
Danone marches towards Numico acquisition
Groupe Danone expects to conclude its acquisition of nutrition
company Numico in the first half of November, the two companies
said today, setting a timetable for the French group's bid to lead
the field in health and nutrition.
Danone restructures senior management
Danone yesterday announced a major restructuring of its senior
management as it continues to refocus its operations towards being
a leading player in health and nutrition.
Healthy half year for Danone's nutrition ambition
Danone has increased like-for-like sales by 8.2 per cent to €7.5bn
during the first half of the year as it continues to refocus its
operations towards health and nutrition.
Danone sells Danao in France
Danone France is selling its Danao brand, a mixed milk and fruit
juice, in the country to cider company Cidreries du Calvados la
S&P downgrades Danone's credit rating
Standard & Poor's announced today that it has lowered
its credit ratings on French company Danone, based on
the projected increased debt due its proposed acquisition of