Delegation urges USDA to support organic dairy farmers affected by Danone pullout
US Senators from Maine Susan Collins and Angus King and Representatives Chellie Pingree and Jared Golden have sent a letter to US Department of Agriculture (USDA) Secretary Tom Vilsack urging the department to provide federal support to the 14 Maine organic dairy farms recently notified their contracts will not be renewed by Horizon Organic, a subsidiary of the multinational corporation Danone.
Governor Mills: Every dairy farm in Maine is important to our state and to our economy
Last month, 14 of our dairy farms in Maine, as well as dozens of dairy farms across northern New England, got an unexpected and disappointing notice from Danone of North America saying that they were discontinuing their contracts with our organic dairy farmers in Maine, New Hampshire, Vermont and elsewhere.
Danone (Horizon Organic) Threatens the Backbone of Organic Dairy—Family Farms and Their Consumer Supporters
Groupe Danone, multinational corporate owner of Horizon Organic, has announced that it is terminating its contracts with 89 small-to-medium-sized organic dairy producers in the Northeast as of August 2022.
Major buyer says it will cancel milk contracts with Vermont organic dairy farm
Danone, a global food company and the owner of Horizon Organic, plans to terminate contracts next year with all of its organic dairy farmers in Vermont and other parts of the Northeast, leaving farmers without buyers for their milk.
Danone finalizes $1.98 billion sale of stake in Chinese dairy company Mengniu
Danone BN, +1.66% said Thursday that it has finalized the sale of its approximately 9.8% stake in Chinese dairy company China Mengniu Dairy Co. with gross proceeds amounting to 15.4 billion Hong Kong dollars ($1.98 billion).
New Formula Milk Created In China, For Chinese Consumers
In 2016, China put in place the ‘Healthy China 2030’ agenda, building on the country’s success in meeting several health-related targets within the Sustainable Development Goals (SDGs), including to decrease neonatal and under-5 mortality rates. Danone is glad to support China’s ongoing efforts to support the health and wellbeing of people in China.
Danone takes first steps to sell shares in Chinese dairy company Mengniu
As part of its ongoing portfolio review, Danone said it has reached an agreement with COFCO Dairy Investments Limited, to convert Danone’s stake in China Mengniu Dairy Company Limited, currently held indirectly, into a direct holding.
Danone Plans to Sell China Dairy Stake to Appease Shareholders
Yogurt maker to sell China Mengniu stake to fund buybacks
Stake in dairy company is worth more than $2 billion
Danone under pressure as activist investor pushes for change
Danone is facing pressure from Bluebell Capital Partners after the activist investor criticized the company’s “disappointing” stock price and called for the board to start searching for a new CEO to replace its current chairman and chief executive, Emmanuel Faber, according to MarketWatch.
French state remains vigilant regarding Danone and activist fund – minister
French Finance Minister Bruno Le Maire told BFM Business TV on Wednesday the French state would be vigilant regarding the situation with Danone…
