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Groupe Danone

Danone
Company nameGroupe Danone S.A.
Company typeSociété Anonyme
IndustryFood processing
FoundedBarcelona, Spain (1919)
HeadquartersBoulevard Haussmann
9th arrondissement, Paris, France
Key peopleFranck Riboud (Chairman and CEO), Jacques Vincent (Vice-Chairman and COO)
ProductsDairy products, water, baby food
Revenue-17.01 billion (2010)
Operating income-2.578 billion (2010)
Net income-1.870 billion (2010)
Total assets-28.10 billion (end 2010)
Total equity-11.99 billion (end 2010)
Employees101,000 (end 2010)

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Groupe Danone is a French food-products multinational corporation based in the 9th arrondissement of Paris. It claims world leadership in fresh dairy products, marketed under the corporate name, and also in bottled water. In 2007 it swapped its world number 2 position as producer of cereals and biscuits for the same position in baby foods, having sold the biscuits division to Kraft Foods and acquired Numico. In the United States, the Danone brand is marketed as Dannon, a subsidiary of Groupe Danone (under the name The Dannon Company).

Besides the Danone/Dannon brand of yogurts, the company owns several internationally known brands of bottled water: Volvic, Evian, and Badoit. About 56% of its 2006 net sales derived from dairy, 28% from beverages, and 16% from biscuits and cereals.

Danone owns many water brands worldwide. In Asia, it has acquired Yili, Aqua (Indonesia) and Robust (92%) and has a 51% holding in China's Wahaha Joint Venture Company, giving it a total market share of 20% and making it the leading vendor of packaged water in Asia.


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