The French dairy group will launch its successful Activia probiotic
yoghurts in the US at the start of next year as American consumers
catch on to the benefits of 'friendly bacteria'.
Added value dairy and soft drinks lead Danone to a sales rise in
the third quarter, but the firm is banking on a new pricing and
innovation strategy to re-ignite itself at home in France.
French yoghurt and biscuit maker Danone said today that it is not
looking to acquire the Dutch infant nutrition firm Numico, after
rumours that Danone was making a bid pushed up the Dutch group's
shares.
Danone's chairman appeared to defend French government proposals
for more transparency from firms during takeover rumours, in an
internal interview concerning the recent PepsiCo gossip.
Another write-down charge hits French firm Danone, taking the gloss
off a rise in dairy and beverage sales, as rumours of a take-over
bid by PepsiCo subside, reports Chris Mercer.
US-based PepsiCo has engaged investment banks Morgan Stanley and
UBS to advise on a possible takeover of Danone, the French bottled
water, yoghurt and biscuits group, according to a report today
inthe Financial Times.
French dairy giant Danone has received approval from the Chinese
authorities to more than double its existing stake in China's
biggest dairy company, Tom Armitage reports.
Danone, France's leading food manufacturer, is to double its stake
in China's Bright Dairy and Food to just under 10 per cent, a move
expected to herald a ramping up of Danone's investments in one of
the world's...
Danone, the French dairy conglomerate, announced today that net
profits had plummeted 62 per cent, following the costly €600
million write down of its water-cooler business last month, Tom
Armitage reports.
French dairy giant Danone is poised to benefit from bullish growth
in the Asia-Pacific region. Analysts say that a recent investor
trip by company executives to China confirms its intentions to
expand aggressively in the region, adding...
Hungary's competition watchdog has fined French dairy giant Danone
HUF10 million for manipulating and misleading consumers with its
advert for Danone Activia yoghurt, writes Chris Mercer.
French food group Danone has reported steady if unspectacular
growth for the third quarter of the year, with poor weather in much
of northern Europe impacting sales compared to last year's
heatwave-boosted performance.
Dairy giant Danone posted a sharp increase in like-for-like
revenues for the first quarter of 2004, boosted in particular by
strong sales of 'healthy' dairy products such as its probiotic
range. Like all European dairy companies...
