News Formal

Danone sells US organic salad business to Taylor Farms

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to ...

PARIS: French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms.The sale of Earthbound Farms, which had 2018 sales of about US$400 million, is part of Danone's portfolio management and capital allocation optimization strategy, the company statement said.

Danone Chief Executive Emmanuel Faber said in February the loss-making Earthbound Farms was under"intense strategic scrutiny".

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Campbell to sell fresh food business for about US$500 mln to former executive: WSJCampbell Soup Co is nearing a deal to sell its fresh foods unit, including Bolthouse Farms, for about US$500 million to a group led by the former ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Campbell to sell fresh food business for about US$500 mln to former executive: WSJCampbell Soup Co is nearing a deal to sell its fresh foods unit, including Bolthouse Farms, for about US$500 million to a group led by the former ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »