Danone Mulls Sale of U.S. Brands Horizon Organic, Wallaby
January 26 2023 - 2:19PM
Dow Jones News
By Colin Kellaher
French food group Danone SA on Thursday said it plans to explore
strategic options for its U.S. organic dairy operations, including
a potential sale.
Danone said the business, which includes its Horizon Organic and
Wallaby brands, accounted for roughly 3% of its global revenue last
year.
Danone, which posted sales of 20.7 billion euros ($22.5 billion)
for the first nine months of 2022, said the move is part of the
portfolio review an asset-rotation program, dubbed "Renew Danone,"
that it launched in March.
Danone acquired Horizon and Wallaby when it paid more than $10
billion to buy Whitewave Foods in 2017.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 26, 2023 14:04 ET (19:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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