Danone

French multinational food corporation

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March 13 2024 Vladimir Putin decreed the removal of the temporary management order for Danone Rossiye, opening the way for a potential sale of the unit.
February 2024 The Spanish authorities annulled the fine against Danone due to the statute of limitations having passed.
2023 Danone Manifesto Ventures invested in Wilk, an Israeli cell-based dairy and infant-milk producer.
July 2023 Russia seized control of Danone Rossiye, putting it under 'temporary management' of the state following the invasion of Ukraine.
May 16 2021 Antoine Bernard de Saint-Affrique was announced as the next CEO of Danone, effective September 15.
March 2021 Emmanuel Faber was ousted from his position as CEO following activism from Bluebell Capital shareholders.
2020 Danone announced plans to cut up to 2,000 jobs as part of a reorganization, representing about 2% of its workforce.
2019 The Spanish regulator fined Danone 929,644 euros for forming a cartel with other dairy companies to avoid competition when buying milk from Spanish farmers.
2018 Danone strategically reduced its product portfolio in India, discontinuing some dairy SKUs to focus more intensely on its nutrition product offerings.
2018 Danone's international brand portfolio was documented, including major brands like Activia, Actimel, Alpro, Oikos, Aptamil, and others across multiple product categories and regions.
2018 Danone rebranded its DanoneWave subsidiary (formed after the 2017 WhiteWave Foods acquisition) into Danone North America.
2017 Franck Riboud became honorary chairman, and Emmanuel Faber became chairman while retaining his CEO position.
2014 Emmanuel Faber became CEO of Danone.
October 2014 Danone partners with Universal Robina to build a beverage production and distribution business in the Philippines.
October 31 2014 Danone participates in a private placement of Yashili, acquiring a 25.0% equity interest alongside Mengniu's 51.0%.
July 2014 Danone acquires a 40% interest in Brookside, East Africa's leading dairy products group.
2013 Danone's participation in the dairy cartel with other companies that avoided competition when buying milk from Spanish farmers ended.
October 2013 Danone teams up with Abraaj Group to acquire FanMilk International in several African countries.
May 2013 Danone creates a joint venture with Mengniu to grow the fresh dairy product category.
May 20 2013 Danone makes a strategic 4.0% investment in Mengniu, a top Chinese dairy company.
February 2013 Danone announced plans to cut 900 jobs, representing about 3.3 percent of their European workforce.
2012 Danone entered the Indian market by acquiring the nutrition portfolio from Wockhardt Group, establishing its presence in nutrition products for various life stages.
June 2012 Danone raises its interest in Centrale Laitière in Morocco to 67.0%.
June 18 2010 Danone partners with Unimilk, merging fresh dairy product activities in Russia, Ukraine, Kazakhstan, and Belarus.

This contents of the box above is based on material from the Wikipedia article Danone, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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