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

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.

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Abdelrahim Hassan Abdelrazik

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Further reading

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July 22, 2020
WebWire
The heads of nine companies announced the establishment of a new initiative to accelerate the transition to a net zero global economy. The initiative, known as Transform to Net Zero, intends to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net zero emissions. The Initiative will be led by founding members including A.P. Moller - Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Inc., Starbucks, Unilever,...
Silke Koltrowitz
February 4, 2020
U.S.
A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream.
Laura Palmeiro
January 28, 2020
Harvard Business Review
Changes in tools, teams, regulations, and markets are putting sustainability in the hands of the finance department.
January 22, 2020
WebWire
, , , , • CDP names 179 corporates as leaders for corporate transparency and action on climate change, , • AstraZeneca, BT Group, CVS Health, Danone, H&M, Klabin, The LEGO Group, L'Oreal, Microsoft, Nestle, Ørsted, Sainsburys, Samsung Engineering, Sony, Unilever and Walmart are among the leaders on the prestigious 'A List', , • Japan becomes the country with the most A List companies ( 38 ), up from 20 last year and overtaking the U.S. ( 35 ), , • CDP scored over 8,000 companies from A to D-...
Avishek Rakshit
December 8, 2019
@bsindia
Read more about Danone to enter new product categories with Protinex brand in India on Business Standard. The company believes that Protinex's current powder form limits the scope of expanding the business and hence, diversification into new categories is essential for its growth
Eric Onstad
October 17, 2019
U.S.
Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world's seas. Sound like a slam-dunk for the environment? Not entirely.
Kate Taylor
September 23, 2019
Business Insider
The erosion of biodiversity costs trillions of dollars globally, experts say. 19 companies with more than $500 billion in revenue are taking a stand.
Research and Markets
April 30, 2019
www.prnewswire.com:443
DUBLIN, April 30, 2019 /PRNewswire/ -- The "Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast...

References

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