Danone, Hain Celestial and other plant-based food companies form a plant-based organisation

CANADA - Danone, Hain Celestial and other plant-based food companies operating in Canada have formed the Plant-Based Foods of Canada (PBFA) lobbying organisation to advance the interests of the plant-based foods sector in the country. According to Danone, PFBA will work with governments to raise awareness of the emerging issues shaping this sector, in order…

Danone becomes first corporate venture fund to receive B Corporation Certification

USA - Danone Manifesto Ventures, the New York-based venture arm of Danone, has announced that it has become the first corporate venture fund to achieve B Corporation Certification independently. This prestigious designation follows a rigorous certification process by B Lab, a third-party non-profit, and recognizes companies that are committed to conduct business with the highest…

Danone reports 4% sales growth in first-half results despite Moroccan boycott

FRANCE – Danone, a French multinational food-products corporation, has reported 4% increase in sales growth in its first-half year results despite Morocco being excluded. According to the company, the double-digit recurring EPS growth at constant exchange rate was up by 13.4% excluding Yakult transaction impact, with 4% increase in H1, 3.3% in Q2 on a…

Nestle, French Lactalis, Danone tops the Dairy Top 20 list in Rabobank’s report

WORLD - The Global Dairy Top 20 list has seen no new entrants but shifts in positions, topped by the world’s largest food and beverage company Nestle SA, then French Lactalis which swapped places with Paris based food products corporation, Danone. Their combined turnover was positively impacted by dairy price recovery which increased 7.2% in…

Danone Manifesto Ventures to invest in start-up companies by 2020

FRANCE - Danone Manifesto Ventures, an investment fund set up by the French food giant, is to target start-up companies challenging the dominance of big brands, expecting to have invested in 20-25 companies by 2020. Managing Director Laurent Marcel told Reuters the fund was looking at sectors ranging from healthy drinks, snacks and baby food,…

Libstar to launch new range of yoghurt to take on French group Danone

SOUTH AFRICA - South Africa’s consumer packaged food company, Libstar Holdings Ltd is set to launch new ranges of yoghurt and shakes by July in competition against France’s Danone and other local leaders in the dairy sector. This is also in strive to gain local market share dominated by Clover Industries, the branded foods and…

Danone releases 15 new infant nutrition products in the UK

UK - Danone’s Cow & Gate brand has announced that it will release 15 new infant nutrition products in the UK, and will refresh the packaging of its entire product range. According to FoodBev, Cow & Gate has released new butternut squash, salmon & courgette and courgette & hake rice jars, and the brand claims…

Danone to acquire 49.9% stake in New Zealand’s dairy company

NEW ZEALAND – Danone, a French multinational food-products corporation, has signed a non-binding agreement to acquire a 49.9% stake in Yashili New Zealand Dairy Company, after its Danone Asia Pacific Holdings (DAPH) subsidiary agreed a memorandum of understanding with Yashili International. According to FoodBev, the exact terms of the proposed purchase have not been disclosed…

Danone and Nestle among bidders for 72% stake in GSK’s consumer business

INDIA - Multinational companies including France’s Danone, Hindustan Unilever and Nestle are competing with the American global investment firm, KKR & Co for a 72% stake in GlaxoSmithKline plc’s Indian consumer products business, GSK Consumer Healthcare for US$4 billion, reports ET Retail. The deal, considered to be the biggest in the Indian consumer industry has…

Parag Milk to buy Danone’s closed facility to serve northern India

INDIA - Parag MilkFoods on Thursday said it will acquire French food giant Danone’s Indian manufacturing facility for Rs 30 crore (US$4.53 million) The facility at Rai in Haryana’s Sonepat area produces curd, yogurt among other dairy productsand the acquisition is aimed at expanding Parag's presence in the northern part of the country. "North market contributes…