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  • Dec 28, 2014
  • Updated: 4:05am

Danone

French food firm Danone doubles its stake in Mengniu Dairy

Danone's move to increase its holding in Mengniu comes after the failure in 2009 of a joint venture with Wahaha. Photo: Reuters

French food company Danone has agreed to pay HK$5.15 billion to increase its stake in Mengniu Dairy, the mainland's biggest maker of dairy products, to bolster its position amid growing demand.

Thursday, 13 February, 2014, 1:24am

Mengniu, Danone's China yogurt joint-venture terms reveal distrust

A Danone yogurt. Danone and Mengniu inked a deal on Friday to set up a joint venture to produce yogurt on the mainland.

The terms of a yogurt joint-venture between China Mengniu Dairy and Danone reflect the mistrust between two parties, analysts say. Hong Kong-listed Mengniu and Danone, a Paris-listed conglomerate, describe the details as legal formalities.

14 Aug 2013 - 5:48am

Reform agenda puts China’s economic super agency under scrutiny

China’s probe of infant formula prices and foreign drugmakers may mask a broader campaign for the NDRC to justify its own existence. Photo: AFP

Behind China’s two investigations into irregular pricing of infant formula and pharmaceuticals announced this month is one powerful institution and its struggle for relevance as Beijing attempts a transition to a more consumption-led economy.

17 Jul 2013 - 5:53am

Abbott to cut milk powder prices in China after probe

Chinese shoppers look over foreign milk powder brands. Photo: Reuters

Abbott Laboratories is cutting prices of its instant products in China by up to 12 per cent, the company said, joining other foreign firms in responding to Beijing’s probe into possible price-fixing by milk powder makers.

12 Jul 2013 - 2:37pm

Abbott to cut milk powder prices in China after probe

Chinese shoppers look over foreign milk powder brands. Photo: Reuters

Abbott Laboratories is cutting prices of its instant products in China by up to 12 per cent, the company said, joining other foreign firms in responding to Beijing’s probe into possible price-fixing by milk powder makers.

6 Aug 2013 - 12:40pm

Mead Johnson cutting China infant milk prices amid probe

Mead Johnson said it is looking at its global operations for ways to offset the impact of China price cuts on its earnings. Photo: SCMP

Mead Johnson Nutrition said it will cut the price of its infant milk formula in China, becoming the latest company to take action in the wake of an investigation by Beijing into possible price-fixing and anti-competitive behaviour.

11 Jul 2013 - 11:05am

Nestle, Danone to cut Chinese infant milk prices amid probe

Imported milk powder sold at a supermarket in Beijing. Photo: Reuters

Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector.

29 Aug 2013 - 4:13am

Mengniu sets up yogurt venture with Danone

Mengniu sets up yogurt venture with Danone

Shares in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set up a yogurt joint venture.

21 May 2013 - 4:39am

Beverage king blames partner

The chairman and founder of Wahaha - the mainland's largest drinks maker - has accused the company's estranged French joint venture partner, Group Danone, of tipping off mainland tax officials in his massive tax-evasion case.

16 Apr 2008 - 12:00am

Xinjiang court deals Danone further setback

French food giant Groupe Danone has been dealt yet another setback two weeks after a Xinjiang court threw out the company's suit against Zong Qinghou, president of estranged partner and the mainland's largest drinks maker, Wahaha Group.

22 Dec 2007 - 12:00am

Wahaha union claims legal win to freeze assets

The blame game between French food giant Groupe Danone and its mainland partner Wahaha Group escalated yesterday as Wahaha's workers' union announced at a Beijing press conference that it had won local court orders to freeze some of Danone's assets.

17 Dec 2007 - 12:00am

Wahaha ups ante with plans for Euro5b lawsuit

As row with Danone escalates, drinks maker cites 'illegalities'

Hangzhou Wahaha Group, the mainland's largest drinks maker, stepped up a battle with joint venture partner Groupe Danone, saying it plans to sue the French food giant for up to Euro5 billion (HK$52.56 billion) for 'illegal activities'.

26 Jun 2007 - 12:00am

Lawsuit threat bugs Danone even before Wahaha row wanes

Conflicts arising from Groupe Danone's stake ownership deals with rival mainland companies are increasingly becoming a headache for the firm, with a shareholder of one local partners - Bright Dairy - threatening it with a lawsuit.

19 Jun 2007 - 12:00am

Danone still hopes to mend ties with Wahaha despite row

French food giant Groupe Danone still hopes to patch up the rift with its joint-venture partner Wahaha Group despite an increasingly bitter and public dispute over alleged contract violations.

13 Jun 2007 - 12:00am

Danone and Wahaha vie for the last laugh

Continuing battle between beverage companies remains unresolved

What began as an apparent win-win partnership between France's Groupe Danone and China's Hangzhou Wahaha Group in the 1990s is unravelling in spectacular fashion, showing that a clash of cultures, egos and business goals can undermine the good intentions of a mainland joint venture.

11 Jun 2007 - 12:00am

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