French food and water giant Danone has built up a war chest of up
to €1bn to spend on acquisitions over the next three to five years,
according to a report.
Emerging markets and new 'health products' helped Danone to
continue its strong sales growth in the second quarter of 2006,
though the group has struggled to turn around losses on its home
French market.
French dairy group Danone has seen shares rise after rumours again
surfaced that the firm may be taken over by a foreign company, this
time Kraft Foods.
French dairy giant, Danone, has launched an action against Glanbia,
Yoplait International and Yoplait Marque Internationales in the
Dublin High Court, after alleged infringments on trademark after
the launch of the Yoplait Essence...
French food giant Danone is set to announce plans for a new dairy
plant in Bangladesh to provide nutritious foods to low-income
consumers, following successful entry into a number of similar
emerging markets.
Danone, France's iconic dairy group, is working with a prestigious
French research institute to find new probiotic strains for dairy
products and understand more about how the 'friendly bacteria'
work.
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.
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.
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.
Rumours of a possible sale of the Danone's biscuit business
surfaced again this week after the company unveiled full year
figures pegged back by its weak performance. But the core dairy and
beverage businesses continued to go...
Danone, the French dairy product, bottled water and biscuits group,
may have said that it is not interested in acquiring any assets of
bankrupt Italian group Parmalat, but this does not mean that it is
not on the acquisition trail.
The Advertising Standards Authority (ASA) has received complaints
from members of the public and from the dairy giant Muller about a
Danone yoghurt advert published in a UK magazine. The ASA decided
that the advert used health claims...
Danone's on-off acquisition of Russian dairy market leader
Wimm-Bill-Dann appears to be off again, at least for the time
being. WBD has today announced that talks have been broken off with
the French group, which was negotiating...
There is increasing speculation regarding the future of French
dairy-to-biscuits group Danone, good Q3 results expected next week,
will simply fuel the speculation further.
Danone has recently increased its stakes in both Yakult and
Wimm-Bill-Dann, but claims it currently has no plans for a complete
takeover of either firm.
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.
French yoghurt manufacturer Danone has announced that it has raised
its stake in probiotics maker Yakult to 19 per cent, citing strong
performance of the Japanese company as the reason for its long-term
investment.
Struggling Dutch nutritional supplement company Numico is rumoured
to be the target of a bid by dairy products giant Danone, although
the French company has denied having any interest in the Dutch
firm.
Dutch nutrition company Numico is struggling to stay afloat at the
moment, but rumours in the Dutch press suggest French dairy giant
Danone could be interested in a bid. An odd choice for the French
company which has been streamlining...
Sales at diversified French company Danone dropped by 6 per cent in
2002 reflecting the effect of currency exchange and the company's
ongoing programme of disposal and investments. But underlying sales
growth was good, especially...
A spokeswoman for Russian dairy and fruit juice group
Wimm-Bill-Dann reports that France's Danone recently increased its
stake in the company. An indication that WBD's policy of rapid
expansion is the right way to go?
French food giant Danone is believed to be interested in St Ivel,
the yoghurts division of the UK food group Uniq (formerly Unigate),
reports French financial paper Les Echos.
