Blog: Danone not laughing over Wahaha
Dean Best | 13 December 2007
Talk about the potential of China all you like but Danone’s turmoil over there shows how troublesome operating in the market remains.
Indeed, so heightened is French concern over the spat that President Sarkozy recently waded into the row on a recent visit to China.
The country can offer vast rewards but the perils are also great. The row is set to hit Danone’s top-line, is likely to hit its fourth-quarter numbers and, perhaps most worryingly for Danone, is looking like it will run and run.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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