All articles tagged with #danone
Danone is set to acquire UK vegan meal-replacement maker Huel for roughly €1 billion, aiming to blend Huel’s protein shakes with its global reach to capitalize on the health-conscious, nutritionally complete meals trend and the growing impact of GLP-1 weight-loss drugs—subject to regulatory approvals.
Danone is paying €1bn for British meal-supplement maker Huel to scale its nutritionally complete, plant-based shakes and meals across new markets; founded in 2014, Huel sells direct-to-consumer products and has faced past advertising scrutiny. The deal, which also taps into a roughly $5.9bn market for complete-nutrition products, awaits regulatory approvals and closing conditions, with Danone highlighting Huel’s digital capabilities and distribution network as key assets.
Danone U.S. has voluntarily recalled various YoCrunch products due to the potential presence of plastic pieces in the dome toppers, affecting multiple flavors and packaging sizes with specific UPC codes and expiration dates.
Danone U.S. has voluntarily recalled all YoCrunch® products due to the potential presence of plastic pieces in the dome toppers, which could pose a choking hazard. The recall affects various flavors and sizes, and consumers are advised not to eat the affected products and to contact the company for refunds. The issue is limited to the toppers and does not impact the yogurt itself.
The FDA has announced that food makers can advertise that regularly eating yogurt may reduce the risk of Type 2 diabetes without objection, in response to a petition from Danone North America. The FDA will not oppose the claim, with the caveat that any language to consumers must note that the evidence is limited and that eating two cups of yogurt per week is the threshold for reducing the risk of Type 2 diabetes. Research has shown a link between regular yogurt consumption and a reduced risk of diabetes, but it's important to note that flavored yogurts are often high in added sugars and should be limited.
Zong Qinghou, the founder of Wahaha Group and once the richest person in China, has passed away at the age of 79. His company announced his death without specifying the illness. Zong's rise to prominence was marked by a public feud with Danone, his foreign business partner, which ultimately led to his company gaining full control of their joint venture.
Russia has taken control of the Russian subsidiaries of Danone and Carlsberg, putting them under "temporary management" of the state. This move comes after Moscow introduced rules allowing it to seize assets of firms from "unfriendly" countries. Both Danone and Carlsberg were in the process of selling their Russian operations. The order places the shares of Danone Russia and Carlsberg-owned Baltika Breweries under the control of Russian property agency Rosimushchestvo. Danone is currently investigating the situation and preparing to protect its rights, while Carlsberg has not received any official information regarding the consequences for Baltika Breweries.
The Russian state has taken control of Danone's Russian subsidiary and Carlsberg's stake in a local brewer, putting them under temporary management by the government property agency Rosimushchestvo. This move follows the state's control of other foreign-owned subsidiaries in April, as part of a potential retaliation against foreign actions targeting Russian companies. Danone had previously announced its intention to sell its dairy food business in Russia, while Carlsberg had signed an agreement to sell its Russian business.