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 food and drink giant, Groupe Danone, has acknowledged US
PepsiCo's denial of takeover plans, as the French government
threatens to do everything in its power to stop such a bid from
ever taking place, writes Claire Johnston.
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.
Coca-Cola will gain the right to sell Evian in the US after buying
out Danone from their joint venture, while Czech brewer Budejovicky
Budvar scores another victory in the Budweiser trademark war with
Anheuser Busch, reports Chris...
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
Danone's rapid expansion into the home and office delivery (HOD)
bottled water market has given it a global market share to match
that of rival Nestlé in recent years, but the growth has not come
without a price, writes Chris...
French firm Danone has pulled out of the chaotic race to buy
Serbian soft drinks firm Knjaz Milos, warning that it is not
prepared to commit itself in Serbia until there is political and
legal stability for investors, reports Chris...
Danone, the world's second largest bottled water business, stunned
analysts last week by announcing that it will sell its water
activities in Italy - Europe's largest bottled water market. Kim
Hunter Gordon explores why...
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