French food group Danone targets 3-5% annual sales growth over three years and will step up investment in its brands and part with non-performing assets under a fresh strategy outlined by new chief Antoine de Saint-Affrique on Tuesday.

Saint-Affrique, who took over as the chief executive of the world’s largest yoghurt maker in September, must conduct his revival plan amid mounting input costs, coupled with further uncertainties caused by Russia’s invasion of Ukraine, which has forced Danone to suspend investments in Russia.

Danone’s brands include Activia yoghurt, Evian and Badoit water as well as Aptamil baby formula.

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