The US Food & Drug Administration (FDA) has ruled that the
product called Nico Water is an unapproved drug and that it cannot
therefore be legally marketed as a cure for nicotine addiction or a
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.
French wines and spirits maker Remy Cointreau has reported revenue
growth of 10 per cent in the 12 months to the end of March. The
company added that a 21 per cent surge in the final quarter
indicated that the company has ridden out...