Posts tagged "Danone"

Danone pledges to triple global plant-based sales by 2025

[25 October/Food Dive] Danone’s plans for growth include relying on healthy eating, plant-based products and popular dairy categories. They include a pledge to triple its global plant-based sales from USD1.9 billion to approximately UDS 5.7 billion by 2025. Its Chairman and CEO, Emmanuel Faber, said the Danone would place emphasis on core plant-based beverages and...

Danone, Mars, Nestle and Unilever launch sustainable food policy alliance

[13 July/Food Dive] Danone North America, Mars, Nestle USA and Unilever USA have joined together to create a Sustainable Food Policy Alliance. They said the partnership was focused on driving progress in public policies that shaped what people ate and how it impacted their health, communities, and the planet. The alliance members added that they...

Danone reassures NZ customers after UK baby milk complaints

[17 July/Otago Daily Times] Danone was investigating reports that its Aptamil baby milk formula had made some infants unwell in Britain. The product is not sold in New Zealand. Danone said it was taking all feedback very seriously. They reassured parents the quality and safety of their products was the number one priority. The company...

Danone invests in Yashili New Zealand

[12 June/Dairy Reporter] Danone and Yashili signed a memorandum of understanding where Danone have indicated an intention to acquire 49 percent of the shares in the dairy company Yashili New Zealand Dairy Co. The terms of the sale are yet to be finalised. Yashili said such agreements could include a share purchase agreement, a shareholders...

Danone sets 2030 goals

[30 April/Dairy Reporter] Danone introduced a set of nine long-term goals at its annual general meeting. Its goals are aligned with the United Nations 2030 Sustainable Development agenda and embed business, brand and trust models. It also said it was launching an employee engagement programme and a governance model for its 100,000 employees to co-own...

Danone completes the sale of part of its stake in Yakult for $1.6bn

[28 March/Dairy Reporter] Danone, a French dairy company, announced they had sold $24.6 million shares of Yakult for approximately $1.6 billion. This corresponds to a valuation multiple of thirty nine times their 2017 net income. Proceeds from the transaction will be used to continue deleveraging and invest in accelerating organic growth and maximising efficiencies in...

Beingmate write down behind Fonterra first-half loss

[22 March/Otago Daily Times] Fonterra has posted a $348 million after tax loss for its first half of trading, largely due to the $405 million write-down in the value of its stake in Chinese infant formula distributor, Beingmate. Fonterra Chairman, John Wilson, said shareholders would be rightfully disappointed with this outcome and that Beingmate’s continued...

Danone invests in Harmless Harvest coconut water

[5 February/ Food Dive] Danone Manifesto Ventures, the venture capital arm of Danone, has announced that it was part of a USD30 million investment round into coconut water producer, Harmless Harvest.  The amount of the investment was not disclosed but it gives global dairy company access to the hot coconut water market that is expected...

A bug in the system: Kids’ functional dairy notably absent in probiotic innovation

[27 November/ Food Navigator] Companies including Danone, Nestle, DuPont and Sanofi have continued their probiotic product innovation, this time focusing on children and infant health. Chr Hansen Food Cultures and Enzymes Global Marketing Manager, Dorte Eskesen said innovation for dairy products aimed at children has been at a low and steady level in the past...

Nestle may be considering Hain Celestial acquisition

[21 November/ Food Dive] Nestle is exploring an acquisition of Hain Celestial to calm pressure from activist investor Daniel Loeb. Nestle has taken gradual steps to update its brand portfolio and has purchased and invested in numerous environmentally friendly and sustainable businesses. Hain may be actively seeking a sale as the company’s profit decreased from...

Danone focuses climate efforts on regenerative agriculture

[17 November/Food Navigator] French company Danone is joining forces with the French government’s 4/1000 international initiative on soil health as part of its goal to support regenerative agriculture and to become carbon neutral by 2050. This goal includes reducing full scope emission intensity by 50 percent by 2030. Between 2008 and 2016, Danone achieved a...

Danone shares up on takeover report for EUR44 billion firm

[15 August/Irish Examiner] The shares in Danone rose 1.5% on the back of a report in the New York Post citing a stock market rumours that a bid from a Kraft or a Coca Cola was possible for the company and that the French government would likely approve the transaction. A spokesperson for Danone would...

Nestlé holds on to top spot in Rabobank’s global dairy top 20

[12 July/ Dairy Reporter] The Global Dairy Top 20, looks at dairy turnover in billions of US dollars to create its chart. Nestlé has retained its number 1 ranking, with USD24 billion. Danone is now the number two company at USD18.3 billion, with Lactalis in third place at USD18 billion. The data Rabobank used for...

France’s Danone to sell Stonyfield to Lactalis for $875 million

 [3 July/Reuters] Danone has agreed to sell its United States dairy company Stonyfield to Lactalis for USD875 million, to answer competition concerns due to its acquisition of US organic food group WhiteWave. Danone said Stonyfield had USD370 million in turnover in 2016, and the sale price is reasonable in respect to this. The deal is...

China’s dairy giant Yili to bid for Danone’s Stonyfield

[11 May/ China Daily] With Groupe Danone’s acquisition of Whitewave Foods, it has announced that it is putting organic yogurt producer, Stonyfield, on the market and Inner Mongolia Yili Industrial, China’s biggest dairy group, plans to bid for the entire company, which is valued at around USD850 million.  Yili said in an announcement that the...

Danone completes acquisition of WhiteWave to create DanoneWave

 [13 April/ Food Navigator] Danone’s deal with WhiteWave has been finalised and under the terms of the agreement, Whitewave shareholders will receive USD56.25 per share in cash. WhiteWave common stock has ceased trading and will be delisted from the New York Stock Exchange. The acquisition was permitted due to Danone’s agreement to sell its Stoneyfield...

Danone to sell Stonyfield to complete WhiteWave acquisition

[31 March/ Dairy Reporter] Danone has achieved an agreement in principle with the Antitrust division of the United States Department of Justice as it plans to close the acquisition of WhiteWave. To quickly complete the WhiteWave acquisition, Danone will sell one of its US dairy subsidiaries, Stonyfield, because its divestiture does not impact the strategic...

PepsiCo, Nestle among companies in sustainable food programme

 [20 January/ Food Business News] Twenty five global food and beverage manufacturers have announced the formation of the FReSH initiative – the Food Reform for Sustainability and Health Program.  The programme’s goal is to accelerate change in global food systems to deliver everybody with a healthy diet of food produced within planetary boundaries.  The programme,...

13 Food Giants pledge to ‘redouble’ climate change efforts at COP22

[21 November/ FoodNavigator.com] A letter signed by the CEO’s of 13 of the largest food and beverage companies in the world (including Unilever, Mars, Danone and Kellogg) highlights the risk of rising agricultural emissions and the impact that this could on destabilising the global food system, placing livelihoods, farming communities, agricultural supply chains and consumers...

Dairy in sales decline as Danone tops global dairy rankings again

 [18 August/ Dairy Reporter] Euromonitor figures showed that the retail value of the global dairy market decreased from USD 501.6 billion in 2014 to USD 454.2 billion in 2015 and USD 452.6 billion in 2016. The majority of these decreases were due to exchange rates with several major currencies weakening against the USD. According to...

Danone Boosts U.S. Business With $10 Billion WhiteWave Deal

[7 July/ The Wall Street Journal] Danone has agreed to buy WhiteWave Foods for about USD 10.4 billion in a deal which would increase its exposure to the organic food market and more than double its North American revenue. WhiteWave was one of the fastest growing companies in the organic foods sector, reporting a net...

Karicare Gold baby milk powder pulled from China: report

 [30 March/ Business Day] Danone have announced that Karicare Gold Baby Milk Powder would no longer be sold in China. Danone temporarily pulled the product from shelves in 2013 when Fonterra revealed they had produced a batch of whey powder that was potentially tainted with bacteria that could cause the deadly botulism illness. Further testing...

Fonterra, Danone to fight behind closed door

[2 February/ NZ Herald] The Court of Appeal stayed the High Court proceedings between Fonterra and French food giant, Danone over the alleged breach of the Fair Trading Act and alleged claim of negligent misstatement until the final outcome of their arbitration proceedings Singapore. The arbitration proceedings are scheduled to take place in early 2016....

Director a first for Zespri

[5 December/ NZ Herald] Zespri said that it appointed former Danone executive, Teresa Ciprian as an independent director, making her Zespri’s first women director. Ms Ciprian has advised a number of internationally focused business on their growth strategies and has developed a governance portfolio, which includes the boards of Firstlight Foods, AgResearch, Aspeq and Aviation...