Danone must cut the prices of its branded dairy products significantly in parts of Europe to compete with lower-price private label brands, French banking giant Societe Generale has claimed.
French dairy giant Danone has entered into an agreement that, if completed, will see it become the majority shareholder in Morocco’s leading dairy product firm.
French dairy giant Danone has issued a profit warning for 2012 – reducing its operating margin target to account for the collapse of dairy product consumption in Spain and other Southern European markets.
Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers due to higher ingredients costs.
Danone’s decision to select Dairygold as its key supplier in its expanded Infant Formula Facility Global helped boost the ingredients supplier’s annual profits by 60 per cent to €18.9m last year.
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.
Russian dairy Wimm-Bill-Dannhas confirmed that a number of its
shareholders have approached French group Danone in a move which
could lead to a takeover of the company.
