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
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's troubled expansion into the bottled water business
continues to hit the headlines, with news late last week that the
French dairy group was close to selling its stake in its North
American joint venture with Coca-Cola....
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...
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...
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...
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...