French dairy and nutrition company Danone has launched a cost-cutting and efficiency scheme, designed to save €1bn (£850M) by 2020, after its European sales fell 1.4% last year.
A US ‘activist’ investor who has stamped his authority on Heinz, Cadbury and Kraft has taken a £242M (€300M) stake in Danone, vowing to improve its profitability.
Danone Dairies' decision to switch from petroleum-based polyethylene to the same plastic produced from plant-derived bioethanol for its Actimel drinking yogurt bottles signals a major advance for 'green plastics' in UK food and drink.
The once buoyant functional yoghurt drinks market has been faltering since 2005, with consumer confusion and scepticism cited as the main reasons for...
