Danone going it alone
Danone has formally exited its Indian joint venture with the Wadia Group, selling its stake in biscuit maker Britannia Industries to the family-owned conglomerate. While the company has indicated that it intends to continue its push into the Indian market, the French group will have taken some important lessons from its history of failed joint ventures in emerging markets. Katy Humphries reports.
Danone prepares solo Indian foray
17 April 2009
Danone has formally exited its Indian joint venture with the Wadia Group, selling its stake in biscuit maker Britannia Industries to the family-owned conglomerate. While the company has indicated that it intends to continue its push into the Indian market, the French group will have taken some important lessons from its history of failed joint ventures in emerging markets. Katy Humphries reports.
FRANCE: Danone sales hit by weakness in dairy, water
16 April 2009
French food giant Danone today (16 April) reported a 2.3% drop in first-quarter sales due to declining revenues at its dairy and water units.
INDIA: Danone’s Britannia stake valued at US$200m
8 April 2009
Market analysts have predicted that the Wadia Group could buy the 25.48% stake held by Danone in the companies’ joint venture, Britannia Industries, for around US$200m.
CHINA: Danone fights on in Wahaha battle
6 August 2008
Danone said that it will continue its trademark battle with the management of Wahaha after a Chinese court ruled against the French food giant yesterday (5 August).
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