With rumors emerging that Danone is selling its 51% stake in its fruit juice JV with Chuiquita Brands International, one industry source told BeverageDaily.com that the French firm was likely ‘glad to be rid’ of a business blighted by mismanagement.
Danone has followed Coca-Cola in partnering with bio-technology developer Avantium, who will produce eco-friendly bottles for the global drinks manufacturer.
ProViva nears global launch as Danone closes deal
French probiotic leader Danone, Swedish dairy firm Skånemejerier and ingredient supplier Probi yesterday closed a three-way probiotic juice deal, bringing the firms one step closer to an international launch of the ProViva brand.
Danone sells stake in Coca-Cola courted, Chinese juice firm
Danone has agreed to sell its stake in China Huiyuan Juice Group for significantly less than what Coca-Cola offered before its acquisition bid was blocked last year by Chinese competition authorities.
Danone splits from Wahaha; not talking to Mead
Danone’s troubled relationship with China’s Wahaha looks finally to be at an end; and rumours of a new deal with Mead Johnson over baby food are flatly denied.
Court favours Danone in 'cancer water' case
A court in Argentina has dismissed allegations against Danone
that it had engaged in unfair trade practices in the country
against rival Coca-Cola.
Danone restructures senior management
Danone yesterday announced a major restructuring of its senior
management as it continues to refocus its operations towards being
a leading player in health and nutrition.
S&P downgrades Danone's credit rating
Standard & Poor's announced today that it has lowered
its credit ratings on French company Danone, based on
the projected increased debt due its proposed acquisition of
Kraft to buy Danone biscuits
Kraft Foods today offered €5.3bn for Danone's
biscuit and cereals divisions, which generate about €2bn in sales
Danone spills details on Chinese Evian scare
Danone revealed yesterday that five containers of its Evian bottled
water have been detained in China after failing quality control
Knives come out in Danone China dispute
The ongoing spat between French giant Danone and Chinese
business partner Wahaha is no longer a laughing matter with the
multinational threatening to go to the court over the disagreement.
Wahaha rebuffs Danone's advances
Chinese beverage group Wahaha has hit out at plans by business
partner Danone to acquire the groups remaining assets.
Danone loses appeal in EU cartel case
France's Danone must pay a €42m fine for its role in a cartel in
Belgium, an EU court has ruled, backing Commission plans to get
tough on repeat offenders.
Danone signs Danish bottled water deal
Danone has signed a deal to buy 49 per cent of Danish bottled water
company Aqua d'or, in an attempt to improve the group's position in
an increasingly competitive bottled water market.
Danone plots takeover trail
French food 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.