Jump to content

Danone: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
~ added punctuation in stock symbol ~
Factual updates on the company's brand portfolio and activities.
Line 23: Line 23:
| homepage = {{url|danone.com}}
| homepage = {{url|danone.com}}
}}
}}
'''Danone S.A.''' is a French [[multinational corporation|multinational]] food-products corporation based in [[Paris]] and founded in [[Barcelona]], [[Spain]]. The company is listed on [[Euronext Paris]] where it is a component of the [[CAC 40]] stock market index. The company's products are branded '''Dannon''' in the United States.
'''Danone S.A.''' is a French [[multinational corporation|multinational]] food-products corporation based in [[Paris]] and founded in [[Barcelona]], [[Spain]]. The company is listed on [[Euronext Paris]] where it is a component of the [[CAC 40]] stock market index. Some of the company’s products are branded Dannon in the United States.<ref>{{Cite web|url=http://www.danonenorthamerica.com/our-business/|title=Products & Services|website=Danone North America|language=en-US|access-date=2019-04-08}}</ref>


As of 2018, Danone sold products in 120 markets, and had sales in 2017 of €24.7 billion.<ref name="18Danone">{{cite web|url=https://www.danone.com/about-danone.html|title=About Danone - Danone|date=25 May 2018|website=Danone.com|accessdate=22 October 2018}}</ref> In 2018, 29% of sales came from specialized nutrition, 19% came from waters, and 52% came from dairy and plant-based products.<ref>{{cite web|url=https://www.danone.com/about-danone/at-a-glance/danone-data.html|title=Danone's data & results - Danone|date=25 May 2018|website=Danone.com|accessdate=22 October 2018}}</ref>
As of 2018, Danone sold products in 120 markets, and had sales in 2017 of €24.7 billion.<ref name="18Danone">{{cite web|url=https://www.danone.com/about-danone.html|title=About Danone - Danone|date=25 May 2018|website=Danone.com|accessdate=22 October 2018}}</ref> In the first half of 2018<ref>{{Cite web|url=http://iar2017.danone.com/|title=Danone Integrated Annual Report: Home|website=iar2017.danone.com|access-date=2019-04-08}}</ref>, 29% of sales came from specialized nutrition, 19% came from waters, and 52% came from dairy and plant-based products.<ref>{{cite web|url=https://www.danone.com/about-danone/at-a-glance/danone-data.html|title=Danone's data & results - Danone|date=25 May 2018|website=Danone.com|accessdate=22 October 2018}}</ref>


==History==
==History==
Line 103: Line 103:
==Main brands==
==Main brands==
[[File:Danone dairy 2017 logo.png|thumb|Danone's brand logo]]
[[File:Danone dairy 2017 logo.png|thumb|Danone's brand logo]]
Danone's brand portfolio includes both international brands and local brands. In 2016, the main brands were [[Activia]], [[Actimel]], Danette, Danimals, [[Yocrunch]], Danette POP, waters including [[Evian]], [[Aqua (mineral water)|Aqua]], [[Volvic (mineral water)|Volvic]], [[Aptamil]], [[Badoit]], Font Vella ([[:es:Font Vella|es]]) and [[Damavand Mineral Water Co.|Damavand]] (Iran), and medical nutrition products including [[Nutricia]].<ref>{{cite web|url=http://www.danone.com/en/#%7C|title=World food company - Danone|date=25 May 2018|website=Danone.com|accessdate=22 October 2018}}</ref>
Danone's brand portfolio includes both international brands and local brands. In 2018, Danone's international brands include<ref>{{Cite web|url=http://iar2017.danone.com/|title=Danone Integrated Annual Report: Home|website=iar2017.danone.com|access-date=2019-04-08}}</ref>: [[Activia]], [[Actimel]], [[Alpro]], Aptamil, Danette, Danio, Danonino, [[evian]], [[Nutricia]], Nutrilon, [[Volvic (mineral water)|Volvic]]. Local or regional brands include: AQUA (Indonesia), Blédina (France), Bonafont (Mexico and Brazil), Cow & Gate (UK), [[Horizon Organic]] (USA), Mizone (China), Oikos (North America), Prostokvashino (Russia), Silk (USA) and Vega (USA).
[[File:Cow_milking_machine_in_action_DSC04132.jpg|link=https://en.wikipedia.org/wiki/File:Cow_milking_machine_in_action_DSC04132.jpg|thumb|cow being milked]]
[[File:Cow_milking_machine_in_action_DSC04132.jpg|link=https://en.wikipedia.org/wiki/File:Cow_milking_machine_in_action_DSC04132.jpg|thumb|cow being milked]]


Line 243: Line 243:


Danone Institute International selected in 2007 Friedman through a process involving more than 650 applicants worldwide.<ref name="csrwire.com"/> Candidates must be employed by a not-for-profit institution and actively involved in research.<ref name="iispv.cat"/> Laureates are chosen after an independent and international selection procedure.<ref name="hsph.harvard.edu"/>
Danone Institute International selected in 2007 Friedman through a process involving more than 650 applicants worldwide.<ref name="csrwire.com"/> Candidates must be employed by a not-for-profit institution and actively involved in research.<ref name="iispv.cat"/> Laureates are chosen after an independent and international selection procedure.<ref name="hsph.harvard.edu"/>

This prize has been renamed the Danone International Prize for Alimentation in 2018.<ref>{{Cite web|url=https://www.danoneinstitute.org/nutrition-science-support/dipa|title=Danone International Prize for Alimentation|website=Danone Institute|language=en-US|access-date=2019-04-08}}</ref>


'''Prize winners:'''
'''Prize winners:'''

Revision as of 10:14, 8 April 2019

Danone S.A.
Company typeSociété anonyme
Euronext: BN
CAC 40 Component
DANOY: OTCMKTS
ISINFR0000120644 Edit this on Wikidata
IndustryFood processing
FoundedBarcelona, Spain
(1919; 105 years ago (1919))
FounderIsaac Carasso
HeadquartersBoulevard Haussmann
9th arrondissement, Paris, France
Area served
Worldwide
Key people
Franck Riboud (Honorary Chairman), Emmanuel Faber (Chairman and CEO)
ProductsBaby food, coffee, dairy products, dairy-free products, plant-based products, bottled water, dietary supplements[1]
RevenueIncrease €24.68 billion (2017)[2]
Increase €3.73 billion (2017)[2][1]
Increase €2.45 billion (2017)[2]
Total assetsIncrease €44.27 billion (2017)[2]
Total equityIncrease €14.57 billion (2017)[2]
Number of employees
104,843 (2017)[2][1]
SubsidiariesThe Dannon Company (US)
Evian
Danone North America[3]
Websitedanone.com

Danone S.A. is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain. The company is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of the company’s products are branded Dannon in the United States.[4]

As of 2018, Danone sold products in 120 markets, and had sales in 2017 of €24.7 billion.[5] In the first half of 2018[6], 29% of sales came from specialized nutrition, 19% came from waters, and 52% came from dairy and plant-based products.[7]

History

Name

Danone was founded by Isaac Carasso, a Sephardic Jewish doctor, who began producing yogurt in Barcelona, Spain in 1919. The brand was named Danone, which translates to "little Daniel", after his son Daniel Carasso.[8][9]

In 1929, Isaac Carasso moved the company from Spain to France, opening a plant in Paris.[10] In 1942, Daniel Carasso moved the company to New York.[11] In the United States, Daniel Carasso partnered with the Swiss-born Spaniard Juan Metzger and changed the brand name to Dannon to sound more American.[12]

In 1951, Daniel Carasso returned to Paris to manage the family's businesses in France and Spain, and the American business was sold to Beatrice Foods in 1959; it was repurchased by Danone in 1981.[13][14] In Europe in 1967, Danone merged with Gervais, the leading fresh cheese producer in France, and became Gervais Danone. In 1973, the company merged with bottle maker BSN. The company changed its name to Groupe Danone in 1983.[14]

Strategic reorientation

Danone factory in Bieruń, Poland

The acquisitions initially took the shape of vertical integration, acquiring Alsatian brewer Kronenbourg and Evian mineral water who were the glassmaker's largest customers. This move provided content with which to fill the factory's bottles.[15] In 1973, the company merged with Gervais Danone and began to expand internationally. In 1979, the company abandoned glassmaking by disposing of Verreries Boussois. In 1987, Gervais Danone acquired European biscuit manufacturer Général Biscuit, owners of the LU brand, and, in 1989, it bought out the European biscuit operations of Nabisco.[16]

In 1994, BSN changed its name to Groupe Danone, adopting the name of the group's best-known international brand. Franck Riboud succeeded his father, Antoine, as the company's chairman and chief executive officer in 1996 when Riboud senior retired. Under Riboud junior, the company continued to pursue its focus on three product groups (dairy, beverages, and cereals) and divested itself of several activities which had become non-core.

The research center of Danone in the business cluster of Paris-Saclay, France

In 1999 and 2003, the group sold 56% and 44%, respectively, of its glass-containers business. In 2000, the group also sold most of its European beer activities (the brand Kronenbourg and the brand 1664 were sold to Scottish & Newcastle for £1.7 billion;[17] its Italian cheese and meat businesses (Egidio Galbani Spa) were sold in March 2002;[18] as were its beer producing activities in China. The company's British (Jacob's) and Irish biscuit operations were sold to United Biscuits in September 2004.[19] In August 2005, the Group sold its sauces business in the United Kingdom and in the United States (HP Foods),[20] in January 2006, its sauces business in Asia (Amoy Food) was sold to Ajinomoto.[21] Despite these divestitures, Danone continues to expand internationally in its three core business units, emphasising health and well-being products.[22]

In July 2007, it was announced that Danone had reached agreement with Kraft Foods Inc (now Mondelēz International) to sell its biscuits division, including the LU and Prince brands, for around €5.3 billion.[23] Also in July 2007, a €12.3 billion cash offer by Danone for the Dutch baby food and clinical nutrition company Numico was agreed to by both boards,[24] creating the world's second-largest manufacturer of baby food.

In 2009, the company changed its name from Groupe Danone to Danone.[25]

Danone acquired the Unimilk group's companies in Russia in 2010 and the Wockhardt group's nutrition activities in India in 2012.[26][27] In mid-February 2013 Danone announced their intention to cut 900 jobs or about 3.3 percent of their 27,000 person European workforce.[28]

Since 2013, Danone has accelerated its development on the African continent, notably with the acquisition of a controlling interest in Centrale Danone in Morocco and equity interests in Fan Milk in West Africa and Brookside in Kenya.

In 2014, Emmanuel Faber became CEO.[1]

Danone was present in 130 markets and generated sales of US$25.7 billion in 2016, with more than half in emerging countries. In 2015, fresh dairy products represented 50% of the group's total sales, early life nutrition 22%, water 21% and medical nutrition 7%.[29] In 2017, Franck Riboud became honorary chairman and Faber became chairman as well as retaining his CEO position.[1]

In 2018, Danone rebranded its DanoneWave subsidiary, formed after the 2017 acquisition of WhiteWave Foods (Alpro), into Danone North America.[3]

Corporate governance

Head office

Danone head office

Danone's head office has been located in the 9th arrondissement of Paris since 2002.[30][31]

Executives and board

Danone is led by a CEO and Chairman as well as a Board of Directors.[32] As of April 26, 2018 the 16 members of the Board of Directors are:[33]

As of 2018 the members of the Executive Committee are as follows:[34][35]

  • Emmanuel Faber
  • Bertrand Austruy
  • Cécile Cabanis
  • Véronique Penchienati-Bosetta
  • Henri Bruxelles
  • Francisco Camacho
  • Bridgette Heller

Main brands

File:Danone dairy 2017 logo.png
Danone's brand logo

Danone's brand portfolio includes both international brands and local brands. In 2018, Danone's international brands include[36]: Activia, Actimel, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic. Local or regional brands include: AQUA (Indonesia), Blédina (France), Bonafont (Mexico and Brazil), Cow & Gate (UK), Horizon Organic (USA), Mizone (China), Oikos (North America), Prostokvashino (Russia), Silk (USA) and Vega (USA).

cow being milked

Joint ventures

Global locations of Danone factories

In some areas, Danone has adopted a strategy of growth through joint ventures, particularly in fast-growing emerging markets which represent over 50% of its sales.[37]

Danone signed joint ventures with Al Safi in Saudi Arabia (2001),[38] Yakult in India (2005) and Vietnam (2006), Alquería in Colombia (2007), and Mengniu in China (2013–2014).[37]

Bangladesh

In November 2005, Franck Riboud met Muhammad Yunus, founder of the Grameen Bank and later winner of the 2006 Nobel Peace Prize. The two men discussed at length their ideas on the development of poor countries and found that their areas of expertise were complementary.[39] As a result, in 2006, the Grameen Bank and Danone formed a company called Grameen Danone Foods, a social business in Bangladesh.[40]

Grameen Danone Foods Ltd. produces a yoghurt called Shokti Doi containing protein, vitamins, iron, calcium, zinc and other micronutrients aimed to fill nutritional deficits of children in Bangladesh. Shokti Doi is sold for 6 euro cents, a price that studies found to be affordable for the poorest families. Its pursuit of profitability is based solely on criteria such as improving public health, creating jobs, reducing poverty and protecting the environment. Profits earned by the company are re-invested in expanding and running the business.

India

In 1995, Danone and Britannia Biscuits set up a joint-venture in India. It was terminated in 2006, after an arbitration in the Bombay High Court.[41] In 2012, Danone acquired Wockhardt's nutrition business, including brands Dexolac, Farex, Nusobee and Protinex, in India.[42]

Under the 1995 joint venture agreement to acquire Britannia Industries, Danone agreed not to launch food brands within India without the consent of the Wadia family.[43] The partners also agreed on a right of first refusal to the other partner in the event of the other wishing to exit.[44]

Danone also manufactures Yakult in India under a 50:50 partnership.[45]

Israel

In March 1996 Danone signed an agreement to purchase 20 percent of the Strauss Group, Israel's second largest food manufacturer. Since the 1970s, Strauss Dairies had a series of partnership and knowledge agreements with Danone.[46]

China

Danone has invested in China since 1987. It is one of Danone's top 5 markets.[citation needed]

Bright Dairy

In 2001, Danone acquired a 5% stake in Bright Dairy and, in March 2005, doubled its shareholding,[47] and again, to 20%, in April 2006, becoming the third largest shareholder after Shanghai Milk Group and S.I. Food.

The parties announced in October 2007 that Danone would divest its stake by selling it to the other two main shareholders at a small profit.[48] Bright Dairy said Danone would pay 330m yuan (€31m) to terminate the existing distribution and production agreement with it.[49]

Wahaha

Main article: Wahaha Joint Venture Company

The Hangzhou Wahaha Group, the largest beverage producer in China,[50] and Danone entered into a dairy products joint venture in 1996, in which Danone held 51%. It was hailed by Forbes magazine as a "showcase" joint venture.[51]

Yet in 2005, Danone noted that alongside the 39 structures of the joint venture, 60 factories and distribution companies produce and sell beverages illegally under the Wahaha brand. Danone made several attempts to take a stake in the Wahaha companies external to the joint venture, but was rebuffed by Wahaha's General Manager Zong Qinghou.[52] Danone and Zong Qinghou had signed a deal in December 2006 allowing Danone to buy a majority stake in these non-JV operations. However, Zong had second thoughts about the deal and reneged, claiming the offer was underpriced and held out for a higher price from Danone.[53]

The dispute took on the shape of a trademark dispute, and Danone filed for arbitration in Stockholm on 9 May 2007.[48] On 4 June,[54] Danone filed suit in Los Angeles Superior Court against Ever Maple Trading and Hangzhou Hongsheng Beverage Co Ltd, companies controlled by Zong, his wife, and daughter.[55]

In 2009, an agreement was reached between the two parties. Danone left the Danone-Wahaha joint venture and sold its shares (51%) to its former Chinese partner.

Mengniu

On 20 May 2013, Danone announced a strategic investment (4.0%) in Mengniu, the top dairy products company in China, through an agreement with COFCO (the state-owned largest food company in China a majority shareholder in Mengniu). Later on, Danone raised its interest in Mengniu from 4.0% to 9.9%. In 2016, Danone is Mengniu's second shareholder.[56]

In addition, in May 2013, a joint-venture was created between Danone and Mengniu to grow the fresh dairy product category.[57]

On 31 October 2014, Danone, Mengniu and Yashili announced that they had signed an agreement allowing Danone to take part in a private placement by Yashili totalling €437 million, at a price of HK$3.70 per share. Upon completion of the subscription, Mengniu and Danone respectively held 51.0% and 25.0% equity interest in Yashili.[58]

Russia

On 18 June 2010, Danone partnered with Unimilk, one of Russia's main milk producers. Danone and Unimilk merged their fresh dairy products activities in Russia, Ukraine, Kazakhstan and Belarus. The joint-venture gave birth to the number one dairy products company in this region. Russia became one of the five most important markets for Danone.[59]

Africa

In June 2012, Danone raised its interest in Centrale Laitière (leader of the dairy products market in Morocco) to 67.0%. Centrale Laitière is Danone's first franchise ever: the companies have worked together since 1953.[60]

In October 2013, Danone teamed up with Abraaj Group to acquire FanMilk International, the leading manufacturer and distributor of frozen dairy products and juices in Ghana, Togo, Nigeria, Burkina Faso, Benin and Ivory Coast.[61]

On July 2014, Danone announced the acquisition of a 40% interest in Kenya's Brookside, East Africa's leading dairy products group.[62]

Corporate social responsibility

Danone operates several funds including: danone.communities, created in 2007 to finance social business,[63] the Danone Ecosystem Fund, created in 2009 to provide support to Danone partners including farmers, subcontractors, and vendors, [64] and Livelihoods, created in 2011 in order to finance environment-related projects (such as peasant agriculture, deforestation, access to energy in emerging countries) and in return provide investors with carbon credits with strong social intensity.[65]

Danone's corporate social responsibility programs were influenced by former CEO, Antoine Riboud, and a speech he gave on 25 October 1972 known as the "Marseilles speech".[66][67]

In this speech, he stated that growth should not take place without corporate social responsibility. He was the first CEO to publicly state that human and environment aspects of a company should be take into account.[67]These ideas laid the ground to Danone's dual project (economic and social).[67]

Antoine Riboud also developed profit-sharing with employees and reduced work time in the 1970s and early 1980s.[citation needed]

Danone Institute

The Danone Institute is a non-profit organization established to promote research, information and education about nutrition, diet and public health. One of the organization's main objectives was to increase nutrition knowledge medical professionals, educators and parents.[68]

The company set up its first Institute in 1991 in Paris, France, and officially launched as a private non-profit organization in 1997.[69][68]

The Institute is led by nutrition experts and Danone company executives.[68]

Danone Institutes around the world

By 2007, Danone had set up 18 institutes in countries around the world to develop programs that address local public health issues.[68] The institutes are located in Belgium, Canada, China, Czech Republic, France, Germany, Indonesia, Israel, Italy, Japan, Mexico, Poland, Russia, Spain, the United States, and Turkey.[70]

They operate under the aegis of the Danone Institute International.[69] The Danone Institute International is responsible for steering the network, and encouraging a continual exchange between the various countries.[69]

Today,[when?] more than 200 experts in diet and nutrition are involved in this international network.[70]

Each institute is composed of a board of directors and a scientific council.[68] Each board includes 8 members.[68] The board members are responsible for setting the strategic direction and budget for the organization.[68] The scientific council that is composed of from 6 to 10 members, takes future programmatic decisions.[68]

The institutes develop educational programs in their countries to deal with local health and nutrition issues.[68] Each institute therefore develops its own program in order to be relevant in their environment.[70] For instance, the Czech Danone Institute provides a fund to support research, development and education in nutrition, and scholarships abroad.[71]

Each local Danone Institute develops specific programs including:[70]

  • Support research programs : scholarships, grants, awards, prizes
  • Publications of research findings relating to health and nutrition
  • Organization of scientific conferences
  • Publication of newsletters and books for professionals (e.g., health care professionals, educators, journalists)
  • Organization of workshops, training and educational sessions for professionals
  • Production of pedagogic material, booklets, television and radio programs, PC games for parents, children...
  • Spread the knowledge to the public

Throughout the world, the Danone Institutes continue to be non-profit organizations.[70]

The Danone Institutes gather internationally renowned scientists in diet and nutrition from independent organizations (e.g.: universities, research centers).[70] They are independent from Danone and do not have any commercial objective. Publications remain scientific and not commercial.[70]

From 1991 to 2006, more than 40 prizes and awards have been attributed for more than €600,000. Over 140 events have gathered more than 30,000 health care professionals. And 75 publications have been published. More than 70 programs towards the public have been organized.[70]

To date, Danone Institutes have funded more than 900 research projects.[70] This represents a global budget of €16 million.[69] They have set up dozens of educational programs. 100 symposia have been launched.[69]

Danone Institute International

The Danone Institute International was established in 2004 to gather together the 18 Danone Institutes. Its goal is to develop large-scale international programs. It also aims at encouraging the sharing of the knowledge between the local institutes. It facilitates cooperation, collaboration and exchange between scientists.[68]

Danone Institute International is a non-profit organization[72] originally established with funding from Danone. The association promotes the exchange of information related to the relationship between diet, nutrition and health.[73]

The Danone Institute International comprises more than 220 scientific experts, and may be considered as a think tank. This international network gathers renowned scientists from various fields such as clinical nutrition, pediatric medicine, microbiology, gastroenterology, psychology...[68]

The Danone Institute International produces publications, supports research via grants, programs and a prize. The DII also organizes international conferences and symposia.[68]

The Danone International Prize For Nutrition is a cornerstone in the work of the Danone Institute International.[69][73]

Danone International Prize for Nutrition

The Danone International Prize for Nutrition is an award established in 1997 by the Danone Institute International, presented every two years to honour individuals or teams that have advanced the science of human nutrition.

The prize aims at encouraging nutrition research and promoting the public's understanding of the importance of this field.

This award is one of the most respected awards within the field of nutritional research.[74] Many leading scientists received this award, that recognizes their accomplishments.

The Danone International Prize for Nutrition is worth €120,000. The prize is awarded every two years by the Danone Institute International and organized with the support of the French organization Fondation pour la Recherche Médicale.[72][75]

The Danone International Prize for Nutrition recognizes a single researcher or a research team as leading a major step in nutrition, developing novel concepts, including research fields with potential application for populations.[75]

The jury consists of up to 9 members, including one member of the Fondation pour la Recherche Médicale. 50% of the jury members come from the Danone Institute International or the Danone Institutes. The jury selects one winner by a secret vote. In case of a tie, the chair's vote counts as two votes.[75]

Danone Institute International selected in 2007 Friedman through a process involving more than 650 applicants worldwide.[74] Candidates must be employed by a not-for-profit institution and actively involved in research.[75] Laureates are chosen after an independent and international selection procedure.[72]

This prize has been renamed the Danone International Prize for Alimentation in 2018.[76]

Prize winners: Source: Danone International

Global summit on the health effects of yogurt

In 2012, the Danone Institute International in collaboration with the American Society for Nutrition (ASN) organized an international working group to examine the health effects of yogurt. They communicated their scientific conclusion to health care professionals and the public.[81] One year later, the ASN and the Danone Institute International joined forces to launch the first global summit on the health effects of yogurt.

This event aims at evaluating the state of science as concerns yogurt consumption and public health.[82]

The first summit took place in 2013 in Boston. It featured international experts in medicine and nutrition.[82] Since that time, summits have been held every year.[81]

Yogurt in Nutrition Initiative for a balanced diet

In 2013, the Danone Institute International, the American Society for Nutrition (ASN) and the Nutrition Society (NS) launched the Yogurt in Nutrition Initiative for a balanced diet. This program aims at examining the health effects of yogurt, encouraging research around yogurt as part of a healthy diet and communicating scientific information toward health care professionals and the public.[83]

Through this project, the Danone Institute International plans to organize worldwide conferences to share researchers' findings.[83] From 2013, the Yogurt in Nutrition Initiative for a balanced diet co-organizes every year Global Summit on the Health Effects of Yogurt.[84]

The Danone Institute International in collaboration with the American Society for Nutrition and the International Osteoporosis Foundation also organizes the Yogurt in Nutrition Award. This prize is offered by the Yogurt in Nutrition Initiative for a balanced diet. This award, valued at USD 30,000, supports projects focused on the role of yogurt in the prevention and management of diseases. It finances research programs for 2 years. It recognizes individuals or research teams from public organizations, universities or hospitals.[85]

Controversies

2005–2006: the Pepsico acquisition case

Due to its narrow focus and relatively small size, Danone is potentially an attractive takeover target for its competitors, namely Nestlé and Kraft Foods. In mid-July 2005, the share price of Danone rose 20% within two weeks on rumours of a bid approach by PepsiCo, although this intention was denied.[86] Upon realising that a takeover of a national treasure such as Danone by a foreign company was indeed possible in the capital markets, the "economically patriotic"[87] French government stepped in by drafting a law to protect companies in "strategic industries" such as Danone[88] from takeover. This has been dubbed the "Danone Law".[89]

Speculation was renewed once again in mid-2006, when PepsiCo declared its intention to grow significantly in France through a sizeable non-hostile acquisition,[90] and Kraft was also reported in Le Figaro, a French daily newspaper, as not having ruled out an acquisition on French soil.[91] The stock market apparently marked down the possibility of a bid by PepsiCo following Danone's acquisition of Numico.[92]

China

In October 2012, a Save the Children survey was conducted in the cities of Hohhot, Beijing, Jinan, Shanghai, Nanjing, and Shenzhen. Sixty mothers of infants 0–6 months were interviewed in each city. 40% of the mothers interviewed said they had received formula samples. Of these, 60% were provided by company representatives, and over one-third by healthcare workers. The mothers reported that samples were provided by (in order of frequency): Dumex (Danone, and since May 2016 Yashili), Enfamil (Mead Johnson), Wyeth, Abbott, Nestlé, Friso, Ausnutria and Bei-yin-mei.[93] The overall 2013 Save the Children report which includes this 2012 survey states, "If new mothers are given free samples to feed to their babies it can start a vicious circle that undermines their own ability to breastfeed. An infant satiated with formula may demand less breast milk, so the mother produces less, and that can result in her losing confidence in her ability to breastfeed."[93]

Indonesia subsidiary

In February 2013 The Guardian reported that up until 2011, Danone subsidiary Sari Husada had midwives sign contracts to receive financial payments for selling a certain number of boxes of baby formula.[94] According to Danone, this no longer happens, and has been replaced by a scheme which runs training for midwives. However, the main difference appears to be a change from cash to merchandise such as televisions or laptops, and often including items which are needed in the midwives' practices, such as oxygen canisters, TENS machines, and nebulisers. The Guardian has seen a spreadsheet detailing the number of new mothers contacted, the amount of 0–6 months formula sold, and the proportion of their target this represents. Danone commented: "That may still be happening, that's something we need to address."

Turkey marketing campaign

In June 2013 the organisation was accused in Turkey of "misleading mothers with a marketing campaign that warned they might not be providing enough breast milk to their babies [and suggesting] mothers use its powdered baby milk to make up any shortfall." Danone responded that it "based its advice on WHO guidance" and claimed that both the WHO and UNICEF "endorsed the campaign." The WHO said Danone did not have permission to use its logo and asked Danone to remove its name from the company's marketing materials within 14 days while Ayman Abulaban, the UNICEF representative for Turkey, said: "The Unicef Turkey office has not endorsed this campaign." UNICEF also requested that their name be removed from marketing materials.[95]

Fonterra New Zealand alert

Following a statement by the New Zealand government and Fonterra on 2 August 2013 warning that batches of ingredients supplied by Fonterra to four Danone plants in Asia-Pacific might be contaminated with Clostridium botulinium bacteria,[96] Danone recalled selected infant formula products from sale in eight markets (New Zealand, Singapore, Malaysia, China, Hong Kong, Vietnam, Cambodia and Thailand) as a precautionary measure.

The alert was lifted on 28 August when New Zealand Ministry for Primary Industries concluded after several weeks of tests that there was no Clostridium botulinium in any of the batches concerned. None of the many tests conducted by Danone before and after this period showed any contamination.[97]

On 8 January 2014, Danone announced its decision to terminate its existing supply contract with Fonterra and make any further collaboration contingent on a commitment by its supplier to full transparency and compliance with the food safety procedures applied to all products supplied to Danone.[98] Danone won damages of €105 million from Fonterra.[99]

2013 Unethical marketing

There have been reports and allegations in 2013 that Danone engaged in unethical marketing of infant formula in China,[93] Indonesia,[94] and Turkey.[95]

See also

References

Footnotes
  1. ^ a b c d e "Danone Annual Report 2017" (PDF). Danone.com. Retrieved 22 October 2018.
  2. ^ a b c d e f "Danone Q4 2017 Quarterly Statement". Danone. Retrieved 31 January 2018.
  3. ^ a b "Danone drops WhiteWave name a year after completing merger - FoodBev Media". Foodbev.com. Retrieved 22 October 2018.
  4. ^ "Products & Services". Danone North America. Retrieved 8 April 2019.
  5. ^ "About Danone - Danone". Danone.com. 25 May 2018. Retrieved 22 October 2018.
  6. ^ "Danone Integrated Annual Report: Home". iar2017.danone.com. Retrieved 8 April 2019.
  7. ^ "Danone's data & results - Danone". Danone.com. 25 May 2018. Retrieved 22 October 2018.
  8. ^ "How Dannon Made Yogurt Mainstream in America After Starting as a Staple for Immigrants". Retrieved 29 November 2017.
  9. ^ "Danone pone el foco en la innovación". La Vanguardia. Retrieved 29 November 2017.
  10. ^ "50 Years Ago This Week: Detroit and 'The Fire This Time'". Time. Retrieved 1 December 2017.
  11. ^ "The Scoop on Dannon: 5 Questions With DanoneWave's Michael Neuwirth". brandchannel:. 7 November 2017. Retrieved 1 December 2017.{{cite news}}: CS1 maint: extra punctuation (link)
  12. ^ Langer, Emily (26 May 2009). "Daniel Carasso, 103, Dies; Businessman Introduced America to Dannon Yogurt". ISSN 0190-8286. Retrieved 2 January 2018.
  13. ^ "Dannon History in the United States". Danone Group. Archived from the original on 3 April 2015. Retrieved 13 June 2014. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  14. ^ a b Grimes, William (20 May 2009). "Daniel Carasso, a Pioneer of Yogurt, Dies at 103". The New York Times. ISSN 0362-4331. Retrieved 2 January 2018.
  15. ^ "History of Success: from bottles to beverages". Danone Group. Archived from the original on 10 September 2004. Retrieved 11 April 2007. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  16. ^ "Setting out to conquer Europe". Danone Group. Archived from the original on 15 May 2006. Retrieved 11 April 2007. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  17. ^ "Scottish & Newcastle acquires Kronenbourg in £1.7bn deal". The Independent. UK. Archived from the original on 5 October 2007. Retrieved 12 April 2007. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  18. ^ "European Buy-Outs: Italy's many privately owned businesses are welcoming private equity as a way to drive consolidation". Real Deals. 26 January 2006. Retrieved 12 April 2007. [dead link]
  19. ^ "Danone sells its UK biscuits to United". The Independent. UK. 24 July 2004. Archived from the original on 8 August 2016. Retrieved 12 April 2007. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  20. ^ "Heinz announced completion of its acquisition of the HP Foods Group from Groupe Danone S.A. for approximately $820 million in cash". Food & Drink Weekly. 22 August 2005. Archived from the original on 1 December 2009. Retrieved 12 April 2007. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  21. ^ Baker, Lucy (21 March 2000). "Toward the third millennium". Danone Group. Archived from the original on 15 May 2006. Retrieved 11 April 2007. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  22. ^ "Annual Report on Form 20-F". Danone Group. Retrieved 11 April 2007.
  23. ^ "Danone mulls Kraft biscuit deal". BBC News. 3 July 2007.
  24. ^ "Danone to Offer 12.3 Billion Euros for Numico". CNBC. 9 July 2007. Archived from the original on 30 September 2007. Retrieved 9 July 2007.
  25. ^ "Eurex Exchange - Groupe Danone: Name Change". Eurexchange.com. Retrieved 22 October 2018.
  26. ^ "Danone Merges Russian Dairy Business With Unimilk". Bloomberg. Retrieved 18 June 2010.
  27. ^ "Wockhardt Closes Deal to Sell Nutrition Business to Danone". WSJ.com. Retrieved 26 June 2012.
  28. ^ "Danone cuts European jobs on weak demand". Prod-euronews.wuronews.net. 19 February 2013.
  29. ^ "Press release – February 23, 2016" (PDF). Archived from the original (PDF) on 15 March 2016. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  30. ^ "Contacts Archived 3 November 2013 at the Wayback Machine." Groupe Danone. Retrieved on 23 March 2010.
  31. ^ "Danone : regrouper les salariés dans un même bâtiment." Le Journal du Net. Retrieved on 26 July 2010.
  32. ^ "Change in Danone's Governance" (PDF). 2 September 2014. Retrieved 10 January 2018.
  33. ^ "Danone's board of directors - Danone". Danone.com. 25 May 2018. Retrieved 22 October 2018.
  34. ^ "Corporate Governance". Danone.com. Archived from the original on 24 January 2015. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  35. ^ "Danone's executive committee - Danone". Danone.com. 25 May 2018. Retrieved 22 October 2018.
  36. ^ "Danone Integrated Annual Report: Home". iar2017.danone.com. Retrieved 8 April 2019.
  37. ^ a b James T. Areddy & Deborah Ball, Danone's China Strategy Is Set Back, Wall Street Journal, Page A10, 15 June 2007
  38. ^ [1][permanent dead link]
  39. ^ "RICHARD BRANSON: Profit is not all that matters". Business Day. 5 March 2012.
  40. ^ Ahmad, Reaz (13 March 2006). "Grameen teams up with Groupe Danone to set up food plant". The Daily Star.
  41. ^ "Danone, Wadia scrap partnership in Britannia". LiveMint. 15 April 2009.
  42. ^ "Danone buys Wockhardt nutrition biz for Rs 1,575 crore". Business Today. 3 August 2011.
  43. ^ Ruth David, Danone's Indian Cookie JV Set To Snap, Forbes, 25 June 2007
  44. ^ Danone may dissolve ties with Britannia Archived 20 July 2011 at the Wayback Machine, IRIS NEWS DIGEST, 21 June 2007. Retrieved 18 July 2007
  45. ^ Prakash, Saumya (21 May 2012). "Yakult Danone: Spreading far and wide". Business Standard. Retrieved 7 January 2017.
  46. ^ Beck, Galit Lipkis (5 March 1996), "France's Danone to buy 20% of Strauss Dairies", Jerusalem Post, archived from the original on 17 August 2011, retrieved 27 May 2010 {{citation}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  47. ^ Danone to double Bright Dairy stake, People's Daily, 4 March 2005
  48. ^ a b Xinhua, Wahaha says its arbitration application accepted over trademark dispute with Danone, 18 June 2007
  49. ^ Neil Merrett, Danone sells Chinese dairy stake, Dairy Reporter, 17 October 2007
  50. ^ "Danone set to sue Wahaha over breach of contract". South China Morning Post. Hong Kong. 11 April 2007. p. B3.
  51. ^ Elaine Kurtenbach (27 June 2007). "Wahaha-Danone Feud Highlights Pitfalls". Forbes. Retrieved 17 July 2007.[dead link]
  52. ^ "Danone and Wahaha vie for the last laugh". South China Morning Post. Hong Kong. 11 June 2007. p. B3.
  53. ^ 签约与悔约(regrets) Wahaha – atypical commercial dispute Archived 8 March 2008 at the Wayback Machine, Caijing Issue 185, 14 May 2007 Template:Zh icon
  54. ^ "current developments regarding Wahaha dispute" (Press release). Danone Group. 12 June 2007. Archived from the original on 27 September 2007. Retrieved 21 June 2007. {{cite press release}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  55. ^ Danone, Wahaha set for arbitration dispute in China Archived 21 June 2007 at the Wayback Machine, Agence France-Presse story, France24, 18 June 2007
  56. ^ "Danone hopes to crack China with new dairy deal". Reuters. 20 May 2013.
  57. ^ "Danone to double stake in China Mengniu to 9.9 pct for $665 mln". Reuters. 11 February 2014.
  58. ^ "Danone swaps Dumex China unit for deeper ties with domestic dairy giant". Reuters. 24 July 2015.
  59. ^ "Danone secures Russia expansion with Unimilk deal". Reuters. 18 June 2010.
  60. ^ "Danone to take control of Centrale Laitiere". FT.com. 27 June 2012.
  61. ^ "Danone to join Abraaj Group in Fan Milk International acquisition". CNBC.com. 24 October 2013.
  62. ^ "Danone buys Kenyan dairy firm stake to add African markets". Reuters. 18 July 2014.
  63. ^ "Addressing malnutrition and access to safe drinking water through social business incubator". Danone.com. 17 June 2016. Archived from the original on 1 July 2016. Retrieved 17 June 2016. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  64. ^ "Danone: funding social change around the world". The Guardian. 30 May 2012.
  65. ^ "Businesses come together to address carbon capture and storage". Farmingfirst.org. 11 July 2011.
  66. ^ "Death of Danone founder Antoine Riboud". Food Navigator. 6 May 2002.
  67. ^ a b c "The 1972 speech: a milestone of Danone's history turns 40". Down to Earth Danone. 16 November 2012.
  68. ^ a b c d e f g h i j k l "The Dannon Institute: Celebrating 10 Years of Nutrition Education". Nutrition Today. 2008.
  69. ^ a b c d e f "The Danone International Prize for Nutrition and the Danone Institutes:one of Danone's commitment to health" (PDF). Danone International Prize for Nutrition. 2009. Archived from the original (PDF) on 24 September 2015. Retrieved 31 August 2015. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  70. ^ a b c d e f g h i "The Danone Institutes". Journal of Pediatric Gastroenterology & Nutrition. 2006.
  71. ^ "Danone Institute grants Studpendia". Czech universities. 2005. Archived from the original on 9 February 2016. Retrieved 1 September 2015. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  72. ^ a b c "Gökhan S. Hotamisligil receives 9th Danone International Prize for Nutrition". Harvard School of public health. 2014.
  73. ^ a b "OHSU Professor David Barker Awarded International Prize For Nutrition". Oregon Health and Science University. 2005.
  74. ^ a b "Danone International Prize for Nutrition Awarded to U.S. Scientist for Groundbreaking Research on the Impacts of Genetics and Biology on Obesity". CSR News. 2007.
  75. ^ a b c d "Danone International Prize for Nutrition 2016" (PDF). Danone International Prize for Nutrition. 2015.
  76. ^ "Danone International Prize for Alimentation". Danone Institute. Retrieved 8 April 2019.
  77. ^ "Gökhan S. Hotamisligil receives 9th Danone International Prize for Nutrition". Harvard School of Public Health. Retrieved 11 December 2014.
  78. ^ "THE DANONE INTERNATIONAL PRIZE FOR NUTRITION". Danone Institute. Archived from the original on 13 December 2014. Retrieved 11 December 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  79. ^ "7th Danone International Prize for Nutrition – An important discovery rewarded". Social Media Release. Archived from the original on 13 December 2014. Retrieved 11 December 2014. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  80. ^ "News - News". News. Retrieved 22 October 2018.
  81. ^ a b "ASN Sponsored Satellite Program: 3rd Global Summit on the Health Effects of Yogurt: Yogurt Consumption and Weight Management". American Society for Nutrition. 2015. Archived from the original on 8 September 2015. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  82. ^ a b "The American Society for Nutrition and the Danone Institute International Collaborate to Examine Health Effects of Yogurt". PR Newswire. 2013.
  83. ^ a b "Danone Institute teams up with nutrition bodies to examine health effects of yogurt". Dairy Reporter. 2013.
  84. ^ "Introduction to the Second Global Summit on the Health Effects of Yogurt". Oxford university press. 2015.
  85. ^ "Yoghurt nutrition award". International Osteoporosis Foundation. 2015.
  86. ^ "PepsiCo ne lance pas d'OPA sur Danone" (in French). Associated Press. 25 July 2005. Retrieved 11 April 2007.
  87. ^ "La France veut mieux protéger ses entreprises face aux OPA" (in French). Boursorama. Associated Press. 27 March 2007. Retrieved 11 April 2007.
  88. ^ "Le gouvernement interdira le rachat de groupes français dans les secteurs stratégiques" (in French). Boursorama. Associated Press. 29 August 2005. Retrieved 11 April 2007.
  89. ^ David Rothnie, US companies may bid for Danone division, Financial News, 28 June 2007
  90. ^ "Pepsico travaille sur des projets de croissance externe en France". AOF (in French). Boursorama. 21 July 2006. Retrieved 11 April 2007.
  91. ^ "Danone: Reprise des spéculations un an après les rumeurs PepsiCo" (in French). Associated Press. 23 June 2006. Retrieved 11 April 2007.
  92. ^ "Eschewing Snacks, Danone Goes for Baby Food". Forbes. 9 July 2007. Archived from the original on 10 November 2007. Retrieved 9 July 2007. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  93. ^ a b c SUPERFOOD FOR BABIES: How overcoming barriers to breastfeeding will save children's lives Archived 24 September 2015 at the Wayback Machine, Save the Children (UK version), 2013, Ch. 6 "breast-milk substitute companies facing conflict of interest," page 35 (47 in PDF), footnote 31 describing the survey includes " . . Within each city, 60 mothers of infants aged 0–6 months were interviewed (through randomised selection within the waiting areas) in one MCH Hospital, one level-3 comprehensive (the highest level in China) hospital MCH Division, one level-2 comprehensive hospital MCH Division – ie, 20 mothers with babies 0–6 months old from each facility were interviewed."
  94. ^ a b Baby health crisis in Indonesia as formula companies push products, The Guardian, 15 February 2013
  95. ^ a b Newman, Melanie; Wright, Oliver (29 June 2013). "Exclusive: After Nestlé, now Aptamil manufacturer Danone is hit by breast milk scandal Danone accused of misleading mothers and misrepresenting UN". The Independent. London. Retrieved 30 April 2016.
  96. ^ NZ's Fonterra finds botulism bacteria in dairy ingredient. Reuters, 3 August 2013.
  97. ^ Danone wants full compensation from Fonterra after recall. Reuters, 2 October 2013.
  98. ^ Ford, Richard. "Danone terminates Fonterra supply deal". Thegrocer.co.uk. Retrieved 22 October 2018.
  99. ^ "Archived copy". Archived from the original on 4 October 2013. Retrieved 2 October 2013. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
Bibliography
Wikimedia Commons has media related to Groupe Danone.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Danone&oldid=891498217"