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Danone

Danone

Danone is a multinational food-products corporation founded in 1919 by Isaac Carasso.

Company Overview

Danone S.A. is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain. The company is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of the company's products are branded Dannon in the United States. As of 2018, Danone sold products in 120 markets and had sales in 2017 of €24.7 billion. In the first half of 2018, 29% of sales came from specialized nutrition, 19% came from waters, and 52% came from dairy and plant-based products.

History

Danone was founded by Isaac Carasso, a Sephardic Jewish doctor, who began producing yogurt in Barcelona, Spain in 1919. The brand was named Danone, which translates to "little Daniel," after his son Daniel Carasso.

In 1929, Isaac Carasso moved the company from Spain to France, opening a plant in Paris. In 1942, Daniel Carasso moved the company to New York. In the United States, Daniel Carasso partnered with the Swiss-born Spaniard Juan Metzger and changed the brand name to Dannon to sound more American.

In 1951, Daniel Carasso returned to Paris to manage the family's businesses in France and Spain, and the American business was sold to Beatrice Foods in 1959; it was repurchased by Danone in 1981. In Europe in 1967, Danone merged with Gervais, the leading fresh cheese producer in France, and became Gervais Danone. In 1973, the company merged with bottle maker BSN. The company changed its name to Groupe Danone in 1983.

Investments

Danone has made three investments. One of their investments was on Jan 16, 2019, when they invested ₹1.8B in Drums Food International. Danone has had one exit, which was Avantium Technologies. Danone has 12 sub-organizations, including The Dannon Company, Inc., NV DANONE SA, and NUTRICIA Zaklady Produkcyjne Sp. z.o.o.. moi. Danone has acquired 11 organizations. One of them was WhiteWave Foods on Jul 7, 2016. They acquired WhiteWave Foods for $12.5B. Danone has $28.7B in estimated revenue annually. Danone competes with Royal FrieslandCampina, General Mills, and Bel Group.

Timeline

November 23, 2020
Danone announces it will cut up to 2,000 jobs, including one in four at its global headquarters in Paris.

September 23, 2019
Danone CEO Emmanuel Faber leads the coalition which launched One Planet Business for Biodiversity, a climate initiative

19 companies with combined annual revenues of more than $500 billion, including Danone, Kellogg Company, Mars, and Nestlé, launched the "One Planet Business for Biodiversity" initiative at the United Nations Climate Action Summit in New York City.

2018
As of 2018, Danone sold products in 120 markets, and had sales in 2017 of €24.7 billion.
1955
Danone was founded by Isaac Carasso and Zoe Finch Totten.

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Danone Office Video

Web

January 4, 2019

News

Title
Author
Date
Publisher
Description
GroupM
June 8, 2021
www.prnewswire.com:443
/PRNewswire/ -- GroupM, WPP's media investment group, today announced that an inaugural group of 20 clients has pledged to spend at least two percent (2%) of...
TerViva
May 20, 2021
www.prnewswire.com:443
/PRNewswire/ -- Terviva, a food and agriculture company, announced today it has raised $54 million in equity capital to commercialize its highly-sustainable,...
May 12, 2021
Harvard Business Review
Rebecca, Rawi, and Felix discuss earnings and the recent performance of companies they follow.
Marguerite Ward
April 22, 2021
Business Insider
Klaus Schwab credits a good portion of his philosophy on climate change to Bill Gates, who he said is a leader in the green movement.
Rob Genieser
March 4, 2021
Sifted
The next great wave of technological change is taking place in Europe -- and it's being driven by our need for sustainability.
SHOW MORE

References

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