Tag: Danone

Danone debuts infant formula in pre-measured tabs, launches Alpro drinks production in Russia

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UK – French multinational dairy company, Danone has launched Aptamil infant formula milk in a pre-measured tab format to make preparing formula milk more convenient.  The new formula milk tabs- developed in partnership with Japanese food manufacturer Meiji- are said to dissolve easily, and allow for more accurate measurement. This results in less wasted formula and less mess; making them particularly useful for night-time feeds. According to Danone, the new format will be available in packs of 24 sachets, with each sachet containing five tabs. One tab is equal to…

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Danone makes executive leadership changes following Faber ouster, debuts new Honest to Goodness creamer

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FRANCE – French multinational dairy giant Danone has made a number of executive leadership changes in response to the void left by the ouster of of former Chairman and CEO Emmanuel Faber. Faber was forced out of his positions by a group of dissatisfied activist investors who believed he was not doing enough to turn around the company’s fortunes. Following the departure of Faber, Danone Board appointed Gilles Schnepp, the immediate former Vice Chairman, as the new Chairman, effective immediately. Danone’s board also announced that Véronique Penchienati-Bosett, currently the Executive…

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Nestlé sues French dairy company Danone for copying its Natural Bliss Coffee Creamer brand

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US – World’s largest food company Nestlé has taken Danone to court alleging that the French dairy maker’s Silk brand coffee creamers copies the unique branding and packaging designs from its Coffee-mate Natural Bliss line Danone is accused of copying parts of the Natural Bliss line package, including the color and cap of the bottle and the light purple color band around the bottle’s neck listing the flavor. In a federal court filing in Virginia, Nestlé said its French competitor is modifying its product to “gain an instant marketplace boost”…

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Danone, Ingredion pledge to adopt sustainable agriculture practices on more than 1 million acres of land

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 US – Food Production giants Danone North America and Ingredion have pledged to improve water stewardship and adopt sustainable agriculture practices on more than 1 million total acres of land as part of the Ceres and World Wildlife Fund AgWater Challenge.  As part of its new commitments, Danone North America — which has participated in a previous Ag Water Challenge round — will focus its efforts on land growing dairy feed and almonds, while Ingredion will center on corn, tapioca, potato, pulses, and stevia. Danone North America set goals of…

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Danone-backed Forager Project enters crowded plant-based cheese space with launch of new product line

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US – Danone backed US dairy startup Forager Project has launched a new line of organic plant-based cheeses called Cheeseworks which the company says perform like regular cheese when it comes to melting and stretching. The company said the dairy-free cheeses are made using its probiotic cashew milk yogurt as the base. They include queso fresco, jack, shredded mozzarella, shredded parmesan, and shredded jack and are made Using Forager Project’s probiotic cashew milk yogurt as the base. Launched in 2013, Forager Project counts dairy giant Danone as a backer through…

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Danone CEO to step down even as the French dairy invests in Spain

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FRANCE –Emmanuel Faber, Chief Executive Officer (CEO) and President of the French dairy multinational Danone, will step down from his role as CEO after the company’s board voted to  separate the chairman and CEO roles. A statement from the dairy giant stated that Faber will stay on in his current positions at Danone until a new CEO is found and then become non-executive chairman. The maker of Oikos dairy yogurt has been under fire by several activist investors in recent months who have called for changes in leadership amid a…

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Fan Milk Ghana reports massive decline in full year profit dropping by 97% due to COVID-19 pandemic

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GHANA – Fan Milk Ghana, subsidiary of multinational food-products corporation Danone has reported a 12% decline in full year revenue to GH¢373.58 million (US$64.9m), despite improved demand for the company’s products in the final quarter of the year as consumer confidence recover. The decline in turn-over is attributed to the unfavourable performance in the earlier part of the year as a result of the coronavirus pandemic, which significantly limited the movement of company’s sales representative who use bicycles to penetrate communities and local markets. Fortunately, the management kept a tight…

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Danone thrives during the pandemic, registers highest growth in 9 years

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FRANCE – French multinational food-products corporation Danone has recorded a 3.4% growth for the financial year 2020 despite of the pandemic related challenges that affected businesses globally. Danone said that the 3.4% LFL (like for like) growth was its highest since 2020, a reflection of the company’s strong resilience during the pandemic. Net sales declined by 6.6% to US$28.63 billion from US$30.65 billion in the previous years. The company’s net income on the other hand, jumped 1.4% to US$2.37 billion from the previous year’s US$2.34 billion. On performance by product…

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Fan Milk Plc to establish dairy farm and training institute in Nigeria as part of backward integration program

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NIGERIA – Fan Milk Plc, Nigerian subsidiary of multinational food-products corporation Danone, has inked a partnership agreement with the government of Ogun state to undertake a backward integration project to enhance local dairy production. The signing ceremony was undertaken on 28th January 2020, with the attendance of the French Ambasador to Nigeria His Excelency Mr Jerome Pasquier, the Regional Economic Counsellor Pascal Furth the Regional Agricultural Counsellor Sonia Darracq Managing Director Fan Milk Plc Ferdinand MOUKO, Plant Director Fan Milk Plc Olasunkanmi Olumuyi The initiative is in line with the…

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Danone to power its Spanish production plants with 100% renewable energy

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SPAIN – Danone España, a subsidiary of French multinational food-products corporation Danone S.A., has signed a long-term power purchase agreement (PPA) with Iberdrola, a Spanish multinational electric utility company. The agreement reinforces Danone’s zero net emissions commitment for 2050 and Iberdola’s strategy for renewable project developments in Spain. Paolo Tafuri, general manager of Danone Iberia, added: “This initiative will help us turn our ambitious environmental commitments into reality – goals that form part of our global strategy and affect our entire value chain.” As part of the agreement, Iberdrola will…

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