Yoghurt wars smell off, exposing fickle protectionism of French establishment
By staying silent on the coup staged at Danone by activist investors, the French Government is proving its hypocrisy
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Something smells off in the French yoghurt wars. Remember when French Prime Minister Dominique de Villepin declared Danone a “crown jewel” and vowed to “defend the interests of France” from PepsiCo, as it weighed a takeover of the company?
The rest of the world might have split its sides laughing at the suggestion that yoghurt-making was a strategic asset but the French elite were up in arms.
Danone: les fonds satisfaits, les syndicats inquiets de l éviction d Emmanuel Faber
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La nouvelle gouvernance de Danone saluée par les fonds
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Danone splits chairman and CEO functions, begins recruitment process for new CEO Danone s Board of Directors has confirmed a proposal from current chairman and CEO, Emmanuel Faber, to separate the functions of chairman and CEO in the near future, and has begun looking for a new CEO.
Danone said it has launched the recruitment process for a new CEO, and once complete, Faber will focus on his role as non-executive Chairman. In the meantime, Faber will continue as chairman and CEO of Danone.
The multi-billion dollar global CPG company, which has a strong presence in dairy and a growing portfolio of plant-based dairy alternatives, came under pressure after activist investor, Bluebell Capital Partners, criticized Danone for its