Groupe Danone expects to conclude its acquisition of nutrition
company Numico in the first half of November, the two companies
said today, setting a timetable for the French group's bid to lead
the field in health and nutrition.
French dairy group Danone has bought complete control of its
Japanese joint venture, lured by the promise of riches from rapidly
growing consumer demand for healthy dairy products.
Groupe Danone's growing interest in the Algerian dairy market
underlines the importance of the North African / Middle East region
to European milk processors.
Royal Numico reported an impressive 13.4 per cent growth for the
third quarter, inviting speculation of a possible takeover as rival
companies are attracted to its portfolio of lucrative baby food
brands.
French food and drink giant, Groupe Danone, has acknowledged US
PepsiCo's denial of takeover plans, as the French government
threatens to do everything in its power to stop such a bid from
ever taking place, writes Claire Johnston.
French firm Danone has pulled out of the chaotic race to buy
Serbian soft drinks firm Knjaz Milos, warning that it is not
prepared to commit itself in Serbia until there is political and
legal stability for investors, reports Chris...
Wimm-Bill-Dann Foods has confirmed the creation of a new top
management position with the appointment of former Danone executive
Jacques Ioffe as deputy CEO for Strategy and Business Development -
a move that boosts the company's...
Danone, the French dairy product, bottled water and biscuits group,
may have said that it is not interested in acquiring any assets of
bankrupt Italian group Parmalat, but this does not mean that it is
not on the acquisition trail.
Dutch food group Numico NV is the latest company this week to post
a slide in first-half profits well below expectations on Thursday.
Hit again by weak US vitamin sales, analysts were also disappointed
over the lack of a new strategy.
In an interview with French daily Les Echos on Tuesday,
Franck Riboud, CEO of Groupe Danone, quickly denied accusations
that developments with Coca-Cola were a sign of Danone's defeat in
the US water market.
The largest US food company Kraft Foods has approached the
consortium of shareholders that owns Britain's United Biscuits with
a buy-out plan, according to British paper The Business.
French food group Groupe Danone and US soft-drinks giant Coca-Cola
in deal to make Coke the licensed importer and distributor of
Danone's Evian mineral.
The European Commission this week granted British investment firm
BC Partners clearance to acquire the Italian undertaking Galbani, a
wholly owned subsidiary of the French Danone group.
Frucor's independent directors are standing firm in their rejection
of the takeover offer from French giant Groupe Danone, reports the
New Zealand Herald this week.
French drink and food company Groupe Danone has shown
disappointment that the independent directors of takeover target
Frucor Beverages have rejected its bid.
French food company Groupe DANONE announced on Wednesday that it
intends to make a public offer to acquire 100 per cent of the
capital of Frucor Beverages Group Limited, a market leader in the
fast growing energy drink segment in...
ConAgra Foods Inc., the second-biggest U.S. food company, is to sue
French company, Groupe Danone SA's Dannon to block it from using
the name "Snack Pack" for its yoghurt containers.
French dairy cooperative Groupe Sodiaal on Wednesday denied media
reports it was planning to sell its Yoplait yoghurt business and
had contracted bankers Rothschild & Cie to see through a sale.
French dairy and biscuits Groupe Danone said it has halted
construction of a global research center in Palaiseau, near Paris,
after the Ile-de-France...
French dairy and biscuit company Groupe Danone SA, announced on
Thursday plans to shut down six factories and to cut almost 1,200
jobs to trim costs and...
French food group Groupe Danone said on Tuesday that it has
acquired control of Indonesia's Aqua Group of companies after
raising its holding to 74 per...
