Danone: sale of two US brands under consideration
The Horizon Organic and Wallaby brands (milk, coffee creamers, yoghurts, cheese and butter) represent around 3% of Danone's global sales, and have had a dilutive impact on its organic sales growth and recurring operating margin in 2022.
In the context of the rigorous allocation of our resources defined by our Renew strategy, these brands are not among Danone's priority growth segments", explains Antoine de Saint-Affrique, the food group's CEO.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction