This document does not constitute an offer to sell, or a solicitation of an offer to buy Danone securities.ĭanone is a leading global food and beverage company operating in three health-focused, fast-growing and on-trend categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition.
#Horizon organic milk update
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#Horizon organic milk registration
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We are confident that exploring strategic options for these brands will enable them to get the focus and resources they need and therefore allow them to maximize their potential and unlock further growth.” That said, seen through the lens of our Renew Strategy which requires us to stay disciplined in how we allocate our resources, they fall outside our priority growth areas of focus. “Both Horizon Organic and Wallaby are strong, much-loved brands with compelling growth opportunities. They represent approximately 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.Īntoine de Saint-Affrique, Chief Executive Officer, said: organic dairy category, with a portfolio of organic dairy products, including milk, creamers & whiteners, yogurt, cheese, and butter. Horizon Organic and Wallaby are strong brands in the U.S. 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. ĭanone 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. The Horizon Organic and Wallaby businesses in the U.
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