Danone tries to revitalise European business
The French food giant has seen sales suffer in southern Europe and is cutting costs to "win back its edge" in the market.
Danone is to cut EUR200m in costs from its European operations in a bid to "win back its competitive edge" in the region after falling sales.
French food giant Danone said it expects the same weaknesses it has seen in its European dairy division this quarter to continue through into the fourth.
Danone's share price slid this morning (17 October) as third-quarter sales fell short of market expectations, with declining revenue in Spain and Italy weighing on group revenues.
- Challenges for General Mills with The Good Table
- Greek crisis - The impact on shopper behaviour
- What US companies might Nomad Foods buy?
- Competition intensifies among UK burger chains
- Why investors are concerned about water risk
- Mitsubishi buys stake in Olam International
- B&G Foods "front-runner for Green Giant"
- Arla strikes JVs in Nigeria and Senegal
- KitKat to go sustainably sourced cocoa only
- Arla H1 profits down on milk price slump
- Management briefing: just-food’s industry outlook for 2015
- Food Flavourings & Colourings (UK) - Industry Report
- Biscuit Manufacturers (UK) - Industry Report
- Bakery Market in Japan: Forecast, and Market Analysis 2015-2019
- The Coca-Cola Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis