Danone, the French food group, has bought a stake in the Mexican
water container company Arcos Iris. The group has not stipulated
how much it has paid for the business but has indicated that it now
has the majority stake,writes Danny...
Danone and Suntory are to combine their US home and office delivery
bottled water businesses, a move which will make them the leading
global players and which lays down a challenge to European rival
Danone's move into the high profit home and office delivery sector
of the bottled water market made little impact on first half
results which were instead reduced by negative exchange rates and
Already the world's leading water cooler supplier, France's Danone
has further strengthened its business with the acquistion of the
Canadian firm Sparkling Spring, giving it strong positions in the
UK and the Netherlands...
In an interview with French daily Les Echos on Tuesday,
Franck Riboud, CEO of Groupe Danone, quickly denied accusations
that developments with Coca-Cola were a sign of Danone's defeat in
the US water market.