Tag: Danone

Dairy giant Danone alleviates hunger in Egypt through donation of surplus products

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EGYPT – French multinational dairy company, Danone has launched “Zero Food Waste” initiative in partnership with The Egypt Food Bank, in a bid to eradicate hunger in Egypt. Danone will donate its daily surplus of products to EFB benefiting over 35,000 school students & other eligible recipients across Egypt. The Zero Food Waste initiative directly contributes to Egypt’s SDG on Peace & Security; providing Egyptians with food security. “We would like to invite all businesses in Egypt to join the initiative to positively impact our community,” said Basma Shams, Head…

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Tata Consumer Products launches Himalayan water in UK as Danone debuts enhanced sparkling water line

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UK – Tata Consumer Products Ltd (TCPL) is taking its Himalayan premium water brand to the British market as part of s strategy to cross leverage its brands across markets and maximize brand potential.  According to a statement from the company, the Himalayan Water will initially be available online only and distribution will be expanded gradually.    Himalayan Water in the UK is carbon negative and water positive and uses fully recyclable packaging, said TCPL adding its bottling facility in the Shivalik Range in the Himalayan mountains uses 100 per…

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Mountain Dew to enter alcoholic beverage category as Danone sets “plant-based 2.0” strategy in motion

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US – Mountain Dew, a beverage brand owned by American beverage and snack giant PepsiCo, is set to enter the alcoholic beverage category with the launch of a new flavored malt beverage with alcohol by volume of 5%.  The new beverage produced in collaboration with Boston Beer Co. will be marketed to adults of legal age and merchandised consistently with other alcoholic beverages, the companies said.  “For 80 years Mtn Dew has challenged the status quo, bringing bold flavors and unmatched beverage innovation to millions of fans,” said Kirk Tanner, chief executive…

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Danone completes sales of Vega brand, to launch new milk alternative platform this year

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FRANCE — French multinational dairy company Danone SA has completed the sale of North American plant-based foods brand Vega to WM Partners, an Aventura, Fla.-based private equity investment fund focused on the health and wellness industry.  Vega offers a range of health and wellness powders made with such ingredients as sprouted whole grain brown rice and pea protein, chia and hemp seeds, organic peanut butter, and such vegetables as spinach, broccoli, and kale.    Danone had acquired the Vega brand in 2017 through its US$12.5 billion purchase of WhiteWave Foods but was forced to sell it as…

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Dairy giant Danone partners with FAO to build sustainable food systems in Egypt

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EGYPT – French multinational dairy company, Danone has signed a partnership with The UN-Food and Agriculture Organization (FAO) aiming at improving nutrition, agriculture practices and food safety across Egypt for more sustainable food systems. The collaboration involves exchanging the most recent information on developing food safety problems as well as sharing data on food consumption and nutritional intakes in the North African country. Using Egypt as the pilot nation, the parties will use the information in order to enhance awareness and encourage the adoption of better eating habits. Furthermore, the…

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Danone bounces back to profitable growth in H1, announces board revamp, share buyback program

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FRANCE – French multinational dairy company Danone has bounced back to growth in the first half of 2021, reporting a 1.6% rise in consolidated sales on a like-for-like basis.  Danone’s consolidated sales for the first half of the year amounted to €11.84 billion (US$14.07 billion), while operating income fell 4.2% LFL to €1.55 billion (US$1.84 billion).  In a statement, the company attributed this to a return to growth across all categories in the second quarter with net sales for the quarter increasing 6.6% on a like-for-like (LFL) basis.  The owner of…

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Danone acquires majority stake in Harmless Harvest to accelerate growth of its plant-based business

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USA – French dairy company Danone has through its venture arm Danone Manifesto Ventures (DMV) purchased a majority stake in Harmless Harvest to accelerate the growth of its plant-based business.   Harmless Harvest offers a range of organic coconut-based products, including coconut water, snack drinks, and yogurt alternatives.  The company is Fair for Life Certified and is said to be committed to sustainable agriculture through its Regenerative Coconuts Agriculture Project.  According to a statement from Danone, its new acquisition expects to generate more than US$100 million in sales in 2021, doubling its revenue from…

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Danone offloads US plant-based nutritional products brand Vega as part of portfolio review

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FRANCE -French dairy giant, Danone is selling Vega, Canada, and U.S. plant-based nutritional products brand, as part of a strategic portfolio review announced in October last year. According to a statement from Danone, Vega will be sold to funds managed by WM Partners, a US-based private equity investment firm focused on the health and wellness industry. WM Partners said the acquisition was made through the HPH II Investments Master Fund. Over the last two years, the HPH II fund has acquired hydration brand Ultima Replenisher, collagen business Great Lakes and…

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Danone appoints Antoine de Saint-Affrique as Chief Executive Officer

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FRANCE – Danone announces the appointment of former CEO of Barry Callebaut- a leading chocolate company based in Switzerland- Antoine de Saint-Affrique as Chief Executive Officer, effective September 15, 2021. Antoine de Saint-Affrique will succeed the joint interim leadership of Véronique Penchienati-Bosetta and Shane Grant. The Board of Directors also decided to propose Antoine de Saint-Affrique as a new member to the Board of Danone for appointment at the next annual shareholders’ meeting in April 2022. “As a Board we have delivered on our promise to search and find swiftly…

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Danone finalizes sale of stake in Chinese dairy company Mengniu

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FRANCE – French dairy company, Danone has finalized the strategic sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited. According to a statement from the French dairy company, the transaction resulted in total gross proceeds of HKD 15.4 billion (US$1.93 billion) The settlement of the transaction will take place on May 17, 2021. The company further noted that in line with its disciplined capital allocation, the majority of the proceeds will be returned to shareholders through a share buyback program that will be announced soon. Mengniu is…

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