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By Francois Berthon Danone SA said Thursday that it could be forced to cut approximately 1,850 jobs globally, including 458 in France, as part of its Local First adaptation plan. The French food company said the number of planned job cuts is "in line with estimates" set out in November 2020, when it said its shift from a category-led to a local organizational model could lead it to cut between 1,500 and 2,000 positions in local and global headquarters. An initial meeting with French trade union representatives in France took place Wednesday for Danone to outline its Local First pl...

TOWNSQUARE MEDIA has reported financial results for the fourth quarter and full year ended DECEMBER 31st, 2020. "As I look back over the past year, I am extremely proud of TOWNSQUARE's performance, driven by our passionate and committed employees, our loyal audience and communities, and our resilient 'Local First' operating strategy," commented CEO BILL WILSON. "Our fourth quarter financial results reflect that performance as they exceeded our goals and expectations, and as we ...

Danone jettisons Faber as Chairman and CEO: Will his legacy of sustainable business survive? Danone’s board of directors bowed to pressure from activist investors and announced that Emmanuel Faber – Chairman and former CEO – will leave the company with immediate effect. “The Board has decided that Emmanuel Faber will step down as Chairman and CEO,”​ the company said in a statement following a board meeting yesterday. International CEO Véronique Penchienati-Bosetta and Shane Grant, currently Chief Executive Officer North America, will jointly lead the b...

Activists plotting Danone food fight With the yoghurt maker’s share price at seven-year lows, Emmanuel Faber doubled down on his turnaround plan 6 March 2021 • 12:00pm It is the world’s biggest yoghurt maker – but the scenes inside Danone’s virtual boardroom were anything but smooth last month. When boss Emmanuel Faber updated the City on the Paris-based dairy giant’s full-year results last month, investors were dismayed. Announcing that sales drooped 1.5pc in 2020, Faber acknowledged that Danone’s share price – at seven-year lows – was also disappointing. Nevertheless, he p...

SAN FRANCISCO, March 3, 2021 /PRNewswire/ -- Please find following a letter sent by the Artisan Partners...