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Danone insisted this morning (19 April) it is winning "key battles" in its bid to raise its sales and earnings trajectories by 2020. The French food maker flagged higher sales from its US dairy business in the first quarter of this year and predicted ongoing improvements from its European dairy operations. Danone also insisted the fundamentals of its Chinese infant nutrition business are solid despite recent challenges. Katy Askew reports.
Danone appears to be winning over the investment community, with a 2015 performance and 2016 forecasts welcomed by the market - and growth targets analysts believe are credible and achievable. The French food giant faces challenges, not least in fresh dairy but, broadly, the company's recent initiatives and its prospects have led to more confidence in the business. Here we present the important takeaways from Danone's appearance at the Consumer Analyst Group Europe conference in London.
In the second of a two-part feature, Hannah Abdulla looks at two more members of the BRIC quartet and explores what India and China hold in store for the packaged food industry over 2016.
Just three years after PepsiCo and Muller launched their bid to capture part of the US yoghurt market, the companies have thrown in the towel. Dean Best believes the companies did not create distinct enough products to succeed in a competitive category.
Danone-owned organic baby food business Happy Family is expanding its range with the launch of products it believes will drive category growth. Happy Family is also using its technological know-how to trail-blaze into uncharted territory for the business. Katy Askew spoke to new business development director Regina Fechter to learn more.
Happy Family, the US organic baby food maker acquired by Danone in 2013, has enjoyed rapid growth. In 2006 the company reported turnover of US$115,000. This year it forecasts turnover of $130m. And its quest for further expansion has seen the firm move into adult snacking with the launch of Shine Organics pouches. Hannah Abdulla catches up with CEO and founder Shazi Visram to talk about how the company has evolved and how it has benefited from the tie-up with Danone.
Danone is taking Vitalinea, a yoghurt brand the company sells in Spain, into the country's yoghurt drink segment.
Danone's US arm has announced plans to simplify its ingredients list and follow sustainable agriculture practices.
Danone booked an increase in first-quarter like-for-like sales ahead of analyst expectations despite subdued volume growth as value sales were lifted by a positive price-mix impact.
Danone has opened an infant formula processing plant in Germany that will process around 90,000 tonnes of formula – or 150m packs – to be exported to 70 countries worldwide.
Danone is investing INR1.5bn (US$22.6m) in expanding its production capacity for infant formula products in India.
Danone has launched a range of zero-fat, zero added sugar Greek-style yoghurts in the UK.
Danone has confirmed plans to stop selling its New Zealand-made Nutricia Karicare infant formula brand in China in order to increase its focus on developing its Aptamil and Nutrilon brands.
Danone-owned US organic dairy business Stonyfield Organic has thrown its weight behind calls for the mandatory labelling of products containing GMOs in the country.
PepsiCo and Danone, two of the largest dairy groups in Russia, have expressed their disquiet about changes to safety regulations in the country.
Danone's organic baby food business Happy Family is launching a line of organic baby foods, Clearly Crafted, that come in transparent pouches.
Danone today (23 February) revealed it has made two transactions in the last week in Africa, a continent the French group dubs "a strategic region" for the company.
Shares in Danone climbed this morning (23 February) after the Activia maker reported a solid last three months of 2015 and issued forecasts for this year that were welcomed by analysts.
Danone has launched its organic yogurt brand Las 2 Vacas into the Spanish market with the roll out of four varieties.
Danone's US organic business Stonyfield Organic has announced the launch of three yogurt products made using whole milk.
Danone has extended its Oikos Greek yoghurt brand in Canada with the launch of Oikos Creations.
Chobani has been ordered to suspend a marketing campaign highlighting the artificial ingredients in Danone's low-fat yoghurt line.
General Mills has been awarded a preliminary injunction that will halt Chobani's adverts contrasting the "natural" ingredients in its Simply 100 yoghurt against the "artificial" additives contained in Yoplait Greek 100 line.
Danone has launched a ready-to-eat custard line in India.
US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.
Danone has extended its baby-focused brand Cow & Gate into the market for toddler snacks in the UK.
Danone has indicated it will "pursue all available avenues" to block rival Chobani's "misleading and deceptive marketing" after the US group launched an advertising campaign that highlighted the use of sweeteners in the companies' products.
The US government outlined new dietary guidelines yesterday (7 October) that will inform both health care professionals, consumers and – significantly -policy decision making over the next five years. The response has – predictably – been mixed.
In the sustainability arena, objective endorsement by a third party, particularly an NGO with credibility levels among consumers that even Unilever can only dream of, is an extremely valuable commodity.
Danone has appointed a new executive to lead its early life nutrition business, which features brands including Aptamil and Nutrilon.
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