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RUSSIA: Danone to follow Coke into Russia - report

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Groupe Danone is keen to follow other global food and drink companies into Russia's bottled water and beverage market, according to local reports.

Speaking to Vedomosti yesterday (13 April), Danone's chief executive, Franck Riboud, was quoted as saying: "If at some point there appears a chance to enter the water and beverage market in Russia, we definitely will."

Earlier this month, Coca-Cola Co. and Coca-Cola Hellenic Bottling Co. bought Russia's second-largest fruit juice company Multon for an undisclosed amount.


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