FRANCE: Danone to hold crunch biscuit talks tomorrow
Executives from Groupe Danone's LU biscuit unit will hold meetings with employee representatives tomorrow (3 July) as speculation about the future of the business grows.
A spokesperson for Danone's LU unit confirmed talks will take place but remained tight-lipped on the nature of the discussions. "Today, there are a lot of rumours in the press but I just can't comment now," she told just-food.
The future of Danone's biscuit operations has become a subject of feverish speculation with reports linking US giant Kraft Foods with the business.
A report in the Financial Times yesterday said Danone and Kraft were in talks on the business. Officials at Kraft could not be reached for comment as just-food went to press.
Danone saw sales from its biscuits and cereal business rise 3% last year, although its other divisions - dairy and beverages - grew faster.
Revenue reached some EUR2.4bn (US$3.3bn); group turnover for 2006 stood at EUR13bn.
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