FRANCE/UK: Danone may sell Jacob's biscuits unit - report
French food group Danone is reported to be in talks that could result in the sale of its Jacob's biscuits unit.
UK-based United Biscuits and private equity firm Hicks, Muse, Tate & Furst are thought to be among the potential buyers, reported the Financial Times. The business, which operates in Ireland and the UK, is believed to be worth more than £200m (US$374m).
According to one analyst, a sale would be positive for Danone shareholders.
"Jacob's has little business strength, breadth and depth and operates in a weak market environment where there is little prospect for growth and where private label is dominant," Andrew Wood, from Sanford C Bernstein, was quoted by the newspaper as saying.
The organic market appears to be going from strength to strength, especially if this year's BioFach exhibition is anything to go by. With over 2,000 exhibitors from 70 countries and more than 30,000 v...
The new health consciousness of consumers is believed to be one of the reasons for stagnant value growth of ice cream sales in Western Europe. But with new and unusual combinations of flavours, more p...
The French government is concerned by the possibility of a hostile takeover of dairy company Danone, and would defend French interests in that regard, said prime minister Dominique de Villepin, accord...
Dairy food group Danone has appointed group secretary general Philippe-Loïc Jacob and vice-president R&D Sven Thormahlen to the Groupe Danone executive committee, in a move designed to ensure that all...
French food group Danone said on Monday that it planned to sell its Amoy sauce business in Asia, an asset that wasn't part of the sale of its sauce business to H J Heinz, according to the Dow Jones ne...
Japanese retailer Seiyu is planning to improve its own-label product offering in a bid to boost sales and earnings....
France's Groupe Danone and Japan's Yakult Honsha have today (Tuesday) announced plans for a joint venture in India....
France's Groupe Danone has announced a new management structure for the Asia-Pacific region....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- Kraft Heinz cuts jobs in US, Canada
- BRF plant suspended amid bribery allegations