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35-455: Every year, 2.5 million children from over 34,000 schools and 11,000 clubs from around the globe take part in local, regional and then national Danone Nations Cup competitions, before the winners fly off to compete in the grand World Final. In each of the 32 participating countries, Danone 's subsidiaries organize their national tournaments in partnership with the local Sports Federations and/or State Education and Sports Ministers. For 10 years,

70-708: A 5% stake in Bright Dairy and, in March 2005, doubled its shareholding, 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. Bright Dairy said Danone would pay 330m yuan (€31m) to terminate the existing distribution and production agreement with it. The Hangzhou Wahaha Group ,

105-482: A highly respected event with FIFA endorsement. It now enjoys a solid reputation within the world of professional football and partner organizations. In 2013, the final was goalless (0-0) but France overcame Brazil after a penalty shoot-out. France won its 3rd Danone Nations Cup. South Africa, France and Mexico are the only teams to have won the tournament 3 times each. Groupe Danone Danone S.A. ( French pronunciation: [danɔn] )

140-601: A reorganization. This amounted to about 2% of its workforce. In late 2020, the entry of the London-based hedge fund Bluebell Capital as a shareholder of Danone put Faber’s position into question. In a letter sent to all shareholders in November 2020, they qualified Danone's stock market performance under Faber of overall "disappointing", arguing that "the right balance between shareholder value creation and sustainability issues" had not been struck under his tenure. After

175-613: A sharper focus on its nutrition offerings. 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. Danone has invested in China since 1987 with the joint venture with Fengxing Milk in Guangzhou. It is one of Danone's top 5 markets. In 2001, Danone acquired

210-523: A stake in the Wahaha companies external to the joint venture, but was rebuffed by Wahaha's General Manager Zong Qinghou. 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. The dispute took on

245-564: 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. In addition, in May 2013, a joint-venture was created between Danone and Mengniu to grow

280-818: Is a French multinational food-products corporation based in Paris . It was founded in 1919 in Barcelona, Spain . It 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. As of 2018, Danone sold products in 120 markets, and, in 2018, had sales of €24.65 billion. In the first half of 2018, 29% of sales came from specialized nutritional preparations, 19% came from branded bottled water, and 52% came from dairy and plant-based products (including yogurt ). Danone

315-540: Is a joint Saputo Dairy Australia venture with French food company Danone – to market yoghurt and other fresh dairy products in Australia. Danone-MG dairy foods are produced at Kiewa in north east Victoria and are sold throughout Australia. 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

350-454: Is sold for six 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. Danone started its nutrition business in India in 2012 through

385-706: Is split as follows: 43% is owned by American investors, 19% by French investors, followed by the UK (10%), Switzerland (6%), Germany (5%) and the rest of Europe (17%). 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. Danone signed joint ventures with Al Safi in Saudi Arabia (2001), Yakult in India (2005) and Vietnam (2006), Alquería in Colombia (2007), and Mengniu in China (2013–2014). Danone Murray Goulburn

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420-511: The LU brand , and, in 1989, it bought out the European biscuit operations of Nabisco , The operation included UK manufacturers Huntley and Palmers , Peek Frean , and Jacob's , which had previously merged to form Associated Biscuits Ltd. 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

455-475: The Russian invasion of Ukraine had put multinational businesses in a delicate position, Russia seized control of Danone Rossiye, putting it under "temporary management" of the state. In February 2024 it was rumoured that Ramzan Kadyrov or his nephew Yakub Zakriev would take over the unit, for under $ 200 million. On 13 March Vladimir Putin decreed the removal of the temporary management order; this opened

490-746: 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. Danone was present in 130 markets and generated sales of US$ 25.7 billion in 2016, with more than half in developing countries. In 2015, fresh dairy products represented 50% of

525-723: The Group sold its sauces business in the United Kingdom and in the United States ( HP Foods ), in January 2006, its sauces business in Asia ( Amoy Food ) was sold to Ajinomoto . Despite these divestitures, Danone continues to expand internationally in its three core business units, emphasising health and well-being products. In July 2007, it was announced that Danone had reached agreement with Kraft Foods Inc (now Mondelēz International ) to sell most of its biscuits division, including

560-681: The LU and Prince brands but excluding Latin American ( Bagley ) and Indian ( Britannia Industries ) units, for around €5.3 billion. 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, creating the world's second-largest manufacturer of baby food. In 2009, the company changed its name from Groupe Danone to Danone. In 2007 Danone spent 12.3 billion euros on

595-466: The acquisition of the nutrition portfolio from Wockhardt Group . Danone India offers a range of specialized products across life stages that includes pregnancy, infants, young children as well as adults, under Indian and global brands like Aptamil, Neocate, Farex, Protinex, Dexolac and Nusobee. Headquartered in Mumbai. In 2018, Danone reduced its product portfolio and discontinued some dairy SKUs to bring

630-466: The building and automobile industries (plate glass). Three years earlier BSN had merged with Evian , Kronenbourg , Société Européenne de Brasseries and Blédina . The company changed its name to Groupe Danone in 1983. The acquisitions initially took the shape of vertical integration, with BSN acquiring Alsatian brewer Kronenbourg and Evian branded mineral water who were the glassmaker's largest customers. This move provided content with which to fill

665-567: The company to New York. 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. 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. In Europe in 1967, Danone merged with Gervais,

700-430: 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 including Amora , Liebig , and Maille brands. In 1999 and 2003, the group sold 56% and 44% respectively of its glass-containers business. In 2000,

735-574: The development of poor countries and found that their areas of expertise were complementary. As a result, in 2006, the Grameen Bank and Danone formed a company called Grameen Danone Foods, a social business in Bangladesh. 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

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770-475: The factory's bottles. In 1973, the company merged with Gervais Danone and began to expand internationally, including a rebranding of the Dannon yogurt brand in the U.S. and a successful ad campaign In Soviet Georgia that started in October 1976. In 1979, the company abandoned glassmaking by disposing of Verreries Boussois. In 1987, Gervais Danone acquired European biscuit manufacturer Générale Biscuit , owners of

805-486: The fresh dairy product category. 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. Evian Too Many Requests If you report this error to

840-484: 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. Its Italian cheese and meat businesses ( Egidio Galbani Spa ) were sold in March 2002; 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. In August 2005,

875-424: The group's total sales, baby food 22%, branded water 21%, and medical nutrition 7%. In 2017, Franck Riboud became honorary chairman and Faber became chairman as well as retaining his CEO position. In 2018, Danone rebranded its DanoneWave subsidiary, formed after the 2017 acquisition of WhiteWave Foods ( Alpro ), into Danone North America. In 2020, Danone announced that It would cut up to 2,000 jobs as part of

910-420: The largest beverage producer in China, 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. 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

945-586: The leading fresh cheese producer in France, and became Gervais Danone. In 1973, the company merged with bottle maker Boussois-Souchon-Neuvesel (BSN), which was formed by the merger of Glaces de Boussois, France's 2nd-largest producer of flat glass, with Lyon-based Verreries Souchon-Neuvesel, France's top producer of bottles and jars. Souchon-Neuvesel, based in the Lyon region, produced bottles, industrial containers, flacons and table glassware (container glass). Glaces de Boussois, located in northern France, made windows for

980-558: The merger, Unimilk had 28 facilities in Russia, Ukraine, Belarus, and Kazakhstan. The united Danone-Unimilk company had 18,000 employees in the Commonwealth of Independent States . The Wockhardt group's nutrition activities in India were acquired by Danone in 2012. In mid-February 2013 Danone announced their intention to cut 900 jobs or about 3.3 percent of their 27,000 person European workforce. Since 2013, Danone has grown on

1015-543: The publication of only slightly comforting 2020 results and disappointing first trimester turnover figures, Bluebell Capital's activism paid off and Faber was ousted in mid-March 2021. On May 16, 2021, the arrival of Antoine Bernard de Saint-Affrique as the next CEO of Danone was announced, to be effective on September 15. In 2023, Danone Manifesto Ventures, the venture-capital arm of Danone invests in Israel cell-based dairy and infant-milk producer Wilk. In July 2023 after

1050-458: The purchase of the baby and medical nutrition business of Dutch rival Numico . In 2010 Danone plunged into the Russian market by acquiring OAO Unimilk's companies. The share of Unimilk was 21% of the Russian market. Danone was to hold 57.5 percent of the capital; it funded the acquisition by writing put options for Unimilk share owners. In 2009 Unimilk sales revenue was 969 million euros. As of

1085-820: The same year as the FIFA Football World Cup . The Santiago Bernabéu Stadium in Madrid in 2011 and the National Stadium in Warsaw in 2012 also hosted the competition. For the 14th edition, the thirty - two winning national teams headed to the legendary Wembley Stadium in London. In 2014, the World Cup of the young people took place in Brazil. Over the years, the tournament has established itself as

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1120-668: The shape of a trademark dispute, and Danone filed for arbitration in Stockholm on 9 May 2007. On 4 June, 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. 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. On 20 May 2013, Danone announced

1155-567: The tournament has had Zinédine Zidane as its ambassador, benefiting from his commitment to high quality football and fair play. Following the 1998 FIFA World Cup in France, Danone decided to create an international football tournament for kids. Danone Nations Cup World Final was in France (Paris or Lyon) until 2009. The World Finals of the 10th and 11th editions took place at the Orlando Stadium in Johannesburg, South Africa:

1190-961: The way for a sale of the unit. Danone's head office has been located in the 9th arrondissement of Paris since 2002. Danone is led by a CEO and chairman as well as a board of directors. As of 26 April 2018 the 16 members of the Board of Directors are: As of 2021 the members of the executive committee are as follows: Danone's brand portfolio includes both international brands and local brands. In 2018, Danone's international brands include: Activia , Actimel , Alpro , Oikos, Aptamil , Danette (Danet in some regions), Danimals , Danio, Dannon , Danonino, Evian , Nutricia , Nutrilon , Volvic . Local or regional brands include: AQUA (Indonesia), Blédina (France), Bonafont (Mexico and Brazil), Cow & Gate (UK), Happy Family (USA), Horizon Organic (USA), Mizone (China and Indonesia), Prostokvashino (Russia), Silk (USA) and Damavand (Iran). Ownership of Danone

1225-523: Was founded by Isaac Carasso (born İzak Karasu), a Thessaloniki -born Sephardic Jewish physician from the Ottoman Empire , who began producing yogurt in Barcelona , Spain in 1919. The brand was named Danone, which translates to "little Daniel", after his son Daniel Carasso . In 1929, Isaac Carasso moved the company from Spain to France, opening a plant in Paris. In 1942, Daniel Carasso moved

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