Danone reduces Yakult stake to 7%, signs MoU to strengthen probiotic collaboration

FRANCE - French food and dairy conglomerate Danone has signed an amended Memorandum of Understanding with Japanese dairy player Yakult to strengthen their initial collaboration to promote and develop probiotics, while reducing its stake in the company to 7%. The MoU, says Danone, will facilitate intensified activities with the probiotic beverages company for the project, where…

Danone adds skyr yogurts to its Light& Free range

FRANCE - Danone has announced that it will be launching two flavors of Icelandic-style skyr yogurt- blueberry blast and raspberry razzle flavors- to its light and free range on March 5, 2018 to expand its product portfolio. According to the company, real fruits are used to give the yogurts a natural flavor, offering convenience and…

Danone’s venture arm leads a US$30 million investment round in Harmless Harvest

FRANCE - Danone Manifesto Ventures, venture arm of Danone has led a US$30 million investment round to secure a stake in Harmless Harvest, producer of Organic and Fair for Life Coconut Water, Coconut Probiotics, and Coffee Coconut Water in the US. According to the company, the investment builds on its existing stake in Harmless Harvest…

Evian commits to 100% recycled packaging, reduced emissions by 2025

FRANCE - French bottled water company Evian has committed to make all of its plastic bottles from 100% recycled plastic by 2025 to reduce carbon emissions that have sparked global debate on the need of conserving the environment. The initiative will enable the company to adopt a circular approach to its plastic usage, “where plastic…

Danone closes Indian dairy plant, to focus on nutrition products

INDIA - The 22-billion-euro French foods giant Danone has decided to exit the dairy business in India. The company, which entered India in 2010, is rationalising its product portfolio and has discontinued stock keeping units (SKUs), which have been making a minority contribution to its overall business in India that include the UHT (ultra high…

Danone acquires minority stake in Hawaiian water company

FRANCE - Danone Manifesto Ventures, the venture unit of Danone, has announced its acquisition of a minority stake in the Hawaii-based company Kona Deep. According to the company, Kona Deep intended to use the investment to support growth initiatives by expanding distribution, increasing and optimizing production capacity and raising awareness for the Kona Deep ocean…

DanoneWave plans US$60m plant-based products plant

USA - DanoneWave, the newly combined business unit of the U.S. dairy operation of global food company Danone and WhiteWave Foods, will invest up to US$60 million in its plant-based beverage manufacturing operation in Rockingham County, Virginia. The company will add new production capacity and expand its warehouse at the Mt. Crawford facility. Virginia successfully…

Danone combines CEO and Chairman role, appoints Africa business executive

FRANCE - Danone’s CEO, Emmanuel Faber, has taken an expanded role at the company as the company has combined the functions of Chairman and Chief Executive Officer. As Danone, the world’s leading food, beverage and dairy giant sets up for the next wave of growth in a changing environment, it has also made a number…

Danone reports a 16.6% increase in sales, driven by China

FRANCE - Danone dairy company has reported a 16.6% increase in sales in the company’s Q3 2017 results, which brought the value to US$7.52, due to the strong performance recorded in infant formula sales in China. The strong performance was reflected in the company sales, as it recorded an increased 17.8% in the three months…