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Danone started its nutrition business in India in 2012 through the acquisition of the nutrition portfolio from Wockhardt Group. [63] 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 ...
Wadia was to be Danone's partner in the food and dairy business, and product launches from Groupe Danone's were expected but never materialised despite the JV being in existence for over 11 years in India. [24] Under the 1995 joint venture agreement, Danone is prohibited from launching food brands within India without the consent of the Wadias ...
Grameen Danone Foods was launched in 2006 as a joint venture between Grameen Bank and the French food company Groupe Danone. Grameen Danone's first product is a fortified yoghurt, branded Shoktidoi, which is designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh.
Nutricia is a Danone brand that specialises in therapeutic food and infant formula, including medical nutrition for babies with specific needs.. The former company, N.V. Nutricia., was established in The Netherlands by brothers Jan and Martinus van der Hagen, who started the production of infant milk formula in 1896 and diabetic milk products and iodine enriched milks in 1905.
Complan was launched by Glaxo in 1954. As part of Glaxo's Farley Health Products subsidiary, the Complan UK brand was sold to Boots in 1988. In India, Complan remained with Glaxo until 1994, when it was acquired by Heinz, who also acquired the UK brand in the same year.
Yakult is manufactured and sold in India under a 50:50 joint-venture with Danone. [11] For over a decade, Danone owned 21 percent of Yakult Honsha shares, but in 2018, Danone announced it would reduce its holdings in Yakult to 7 percent, while still remaining the largest Yakult Honsha shareholder. [12]
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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]