Chobani, the US-based yoghurt group, has admitted it is weighing up interest from companies looking at investing in the business – and this week the identity of some purported suitors emerged. Staying in dairy, Vietnam's government is looking to sell its 45% stake in Vinamilk, which dominates much of the growing sector there. And a Friday one-two from Nestle, which cut its forecast for annual sales after a challenging, Maggi-affected third quarter and then confirmed tests in India allow the company to at least resume production of the noodles.
Chobani 'sees Coke bow out; WhiteWave in talks'
Coca-Cola Co. has reportedly stopped talks with Chobani after deciding the US yoghurt maker did not fit its portfolio.
Go deeper with GlobalData
Vietnam to sell stake in dairy group Vinamilk
Vietnam is looking to offload its stake in Vinamilk, the country's largest dairy group, as part of a number of disposals of state investments in businesses.
Nestle lowers FY outlook as 9M sales miss
Nestle lowered its outlook for annual organic sales after reporting nine-month top-line figures that missed analyst forecasts this morning (16 October) – numbers in part due to the Maggi noodles recall in India.
Later today, it emerged Nestle can restart production of Maggi noodles after tests ordered by the Bombay High Court returned negative. More tests are needed before production can resume.
See Also:
Arla banned from selling skyr yoghurt in Finland
Arla Foods has been told to stop selling yoghurt sold using the name "skyr" in Finland following a legal challenge from Icelandic group MS Dairies.
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