French food group Danone on Thursday said it will explore strategic options, including a potential sale, for its organic dairy activity in the United States, comprised of the Horizon Organic and Wallaby businesses. CEO Antoine de Saint-Affrique announced in March 2022 plans to part with non-performing assets to free up resources to invest in the group's core brands as part of a revival strategy for the world's largest yoghurt maker. Horizon Organic and Wallaby, with a portfolio of organic dairy products, including milk, creamers, yogurt, cheese and butter, account for around 3% of Danone’s global revenues and had a dilutive impact on Danone’s like-for-like sales growth and recurring operating margin in 2022.
Press release – Paris, January 26, 2023 Danone to explore strategic options for the Horizon Organic and Wallaby businesses in the U.S. Danone announces today it will explore strategic options, including a potential sale, for its organic dairy activity in the U.S., comprised of the Horizon Organic and Wallaby businesses. This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy. Horizon Orga
Press Release – Paris, January 18th, 2023 Danone strengthens its leadership team to sharpen the delivery of the Renew Danone Strategy Today Danone announces the appointment of three Group Deputy CEOs with extended responsibilities, to better connect categories and regions and further elevate its ability to perform in the market. Reporting to Antoine de Saint-Affrique, CEO, they will drive the delivery of the Renew Danone strategy. Véronique Penchienati-Bosetta, currently CEO International, is ap