FRANCE: Danone could cut DS Waters value - report
In a tough market for the home and office delivery segment of the US water market, Danone may have to cut the value of its subsidiary DS Waters, the UK's Financial Times reported today.
In January, Danone said it was to incur a charge of approximately €450m in its 2004 consolidated accounts in relation to its holding in DS Waters, LLP, the US Home Office Delivery (HOD) joint-venture that it formed with Suntory Ltd in late-2003.
At the time the company blamed slower volume growth patterns for the HOD industry, an increasingly aggressive pricing environment on HOD formats and faster than expected erosion of cooler rental revenues.
The FT reported today that whilst Danone was seeking a solution to its troubles regarding DS Waters by the end of the first half of 2005, Emmanuel Faber, Danone chief financial officer, admitted another impairment was possible.
Suntory has announced plans to add to its third beer portfolio....
Allied Domecq and Suntory have launched a green tea liqueur called Zen in the US, following test-marketing in New York, Hawaii and California. The product will begin rolling out nationwide next week....
Groupe Danone is pulling out of the brewing industry....
Danone has completed another share buyback transaction....
Danone and Yakult have announced a joint venture to sell probiotic products in India. The move marks the first entrance by either company into the Indian market, in which they are aiming to become lea...
Danone has announced plans for a joint venture in India with Japan's Yakult Honsha Co. ...
France's Groupe Danone said on Friday that it had finally reached an agreement with The Coca-Cola Company to amend their existing deal regarding the distribution of retail bottled water products in No...
French food giant Danone is willing to buy the 44% it doesn't already own in its Spanish subsidiary for €1.8bn, Spanish newspaper Cinco Dias has reported....
- Review of the Year 2014 - Part V: Wine
- Review of the Year 2014 - Part IV: Spirits
- just Five Years Ago - Belvedere Group's Bumpy Ride
- Coca-Cola to get boost from Monster in China
- CCE shows faith in Coca-Cola Life with full launch
- Campari to bag EUR19m with "non-core" assets sale
- Pernod wins consent for Glenlivet upgrade
- Thailand pulls back from New Year alcohol ban
- just-drinks takes a festive break
- Tequila set for export boost after record 2014