119 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.