Danone puts medical nutrition up for sale | RetailDetail

Danone puts medical nutrition up for sale

Danone puts medical nutrition up for sale

Danone allegedly wants to sell its entire range of medical nutritional food products to Nestlé. Talks are apparently already underway, but a decision has not yet been made.

3 billion euro

Danone is said to want 3 billion euro for the deal, which enables it to listen to several interested parties: Fresenius was interested for a while, but the Germans have now stepped out of the race. If Nestlé manages to close the deal, it would still have to wait for approval from the antitrust authorities.

 

Danone's 'medical nutrition" department managed a 2013 turnover of 1.3 billion euro, which represents a 6 % stake in the group's total turnover. The like-for-like turnover in the past quarter grew 5.2 % to 328 million euro, with 67 % of turnover generated in Europe. The United Kingdom and France are its largest markets.

 

"For Nestlé, acquiring Danone's medical-nutrition business would tick the right strategic boxes - whether it would be a good deal or not would come down to price", according to RBC Europe analyst James Edwardes Jones in a Bloomberg interview. Danone emphasizes the deal is only for its medical nutrition division, Nutricia Medical, a separate branch to its well-known dairy products.

Questions or comments? Please feel free to contact the editors


Zara opens new flagship store with holograms and robots

18/05/2018

Zara’s remodeled flagship store in Stratford (London) welcomes customers with holograms, robot arms and iPad-powered employees. The store wants to unite the best of both the online and offline shopping world.

Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Hema has to pay Levi's millions

17/05/2018

Store chain Hema needs to pay a 4.4 million euro fine to jeans brand Levi’s after the latter went to court because Hema applied its V-shaped stitching to its own collection.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.