CHINA: Speculation on the future of Danone/Shanghai Dairy yoghurt JV
The future of the joint yoghurt venture between Chinese food producer Shanghai Dairy Corp and French giant Groupe Danone was up in the air on Wednesday (18 October) as officials at Shanghai Dairy admitted that the companies were "in the middle of negotiations." Speculation has abounded since Monday (16 October) when an executive from the French dairy, water and biscuits company arrived to discuss the possibility of stock transfer to the Chinese partner. And this despite the fact that in mid-September, Danone's chairman Franck Riboud told a magazine that the company saw China as a top priority.Danone controls seven other units in China, one of which also produces yoghurt, but this cannot beat "Bright," the own brand yoghurt of Shanghai Dairy, which commands a larger market share. The joint venture has been operating for eight years to build on an investment of US$4.4m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Danone eyes efficiency, agility with new structure
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China