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The Danone logo design is imagined on a yogurt bottle in Mexico City, Mexico, October 14,2020 REUTERS/Edgard Garrido
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LONDON, Dec 22 (Reuters Breakingviews) – A Dutch dairy cooperative might provide French food group Danone (DANO.PA) a fresh formula. FrieslandCampina prepares to start the sale of its Friso baby nutrition brand name in the coming weeks, Reuters reported learn more, worth as much as $2.5 billion. FrieslandCampina stated in its half-year report that earnings at its specialised nutrition system, that includes Friso, reduced by 15%to 516 million euros, with operating revenue down 84%year-on-year.
Just like for Danone, whose brand-new Chief Executive Antoine de Saint-Affrique learnt more will describe his method next year, the child milk company has actually been hammered by increased competitors in China along with the border closure in between Hong Kong and the mainland due to the pandemic. Reckitt Benckiser (RKT.L) offered its baby nutrition system in China for $2.2 billion previously this year. One argument versus offering child milk is that business has some synergies with other specialised nutrition items, like healthcare facility food. If that didn’t stop FrieslandCampina, de Saint-Affrique might feel more pressure. (By Dasha Afanasieva)
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Editing by Neil Unmack and Oliver Taslic
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