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In 2014, URC announced a joint venture with Danone for a beverage production and distribution business in the Philippines. [8] In the same year, URC expanded to Oceania by acquiring New Zealand -based biscuit company, Griffin's Foods .
Danone S.A. (French pronunciation:) is a French multinational food-products corporation based in Paris. It was founded in 1919 in Barcelona, Spain. [6] 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. [7]
Danone therefore removed the words "clinically" and "scientifically proven" from Activia products. [47] Danone agreed to pay US$21 million to 39 states that had coordinated investigations with the FTC. [48] [49] In response to a similar lawsuit in Canada, Danone agreed to settle the suit by paying compensation and modifying its advertising. [6]
He then spent three years at Danone, where he was marketing director of Liebig Maille-Amora. Back at Unilever from 2000 to 2003, he was European Director of the sauces and condiments business, then from 2003 to 2005 the CEO of the Unilever subsidiary covering Hungary, Croatia and Slovenia.
When Peregrine collapsed in 1998, Groupe DANONE acquired its stake in the JVs, and became majority owner. The business had grown into 39 joint venture entities by 2007, [7] and the total injected capital amounts to US$131 million. [5] Since April 2007, Wahaha has been engaged in a public dispute with Danone, its JV partner.
Danone is also in the process of selling its Russian business. It said previously that the deal could result in a €1 billion ($1.1 billion) hit to the value of the asset. The company said in ...
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