17 days ago • Posted by Martin Boujol

Danone plans a turnaround plan

Shareholders were dissatisfied, as Danone underperformed its competitors like Unilever and Nestlé in the past 5 years. As part of the plan, €1 billion of costs to be cut by 2023, restructuring of the production line and the sale of underperforming businesses and brands. A more detailed plan will be be presented on March 25.

Source: FT

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Danone plans a turnaround plan
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