Archives for September 13, 2009

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Cadbury slams Kraft bid and business model

By Guy Montague-Jones

Cadbury has labelled Kraft “a low growth conglomerate” in a letter restating its rejection of the food giant’s £10.2bn ($16.7bn) takeover bid.

Danone-backed Yakult expands in India

Distribution of probiotic one-shot drinks is broadening in India, with a major push occurring in cities like Mumbai, as disposable Indian incomes rise, and more people take an interest in health benefits promised by functional foods.