GFM Network News


Danone to buy U.S. organic foods group WhiteWave

Paris | Reuters — France’s Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods in a deal worth US$12.5 billion, including some $2.1 billion of debt and “other” liabilities. The purchase will help the French company to pursue affluent consumers by adding WhiteWave’s popular

Danone sales rise as dairy product demand revives

Paris | Reuters — Danone on Tuesday reported stronger than expected first-quarter sales and said it was on track to deliver higher sales and profits this year despite challenging conditions in Brazil and Russia. The world’s largest yogurt maker, whose brands include Actimel and Activia, reported a 3.5 per cent increase in first-quarter like-for-like revenue,